Montana Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate


Clever Real Estate

October 1st, 2021
Updated October 1st, 2021


Montana real estate trends

Real estate trends in Montana | Sellers | Buyers | Investors | The best and worst of Montana | Montana resources

Montana real estate trends (October 2021)

How is the real estate market in Montana?
🏠 Average home value: $367,030
📈 2.48% home value increase month over month
💰 Median listing price: $529,950
⏳ 73 days on the market
🔑 Homes on the market: 3,109
📆 1.0 months of housing inventory
🏦 30-year mortgage rate: 3.08%
💵 Average income: 55461
State of the market: A
As more buyers pour into Montana, sellers are sending prices through the roof. And given the state's low inventory, there's a good chance listing prices will continue to rise as long as demand holds out.
*Data last updated October 2021

In recent years, Montana has become a major destination for retirees. Nicknamed Big Sky Country, the state's dramatic landscape offers unparalleled views of wispy clouds and starry nights.

From its towering mountains to its sweeping grasslands, Montana is known for its sparsely populated rural landscapes. But the state's more populated areas have plenty to offer, too. Bozeman, Helena, Whitefish, and other cities and towns provide plentiful hiking trails and family-friendly amenities.

If you're thinking of buying or selling in Montana, these Montana housing predictions and stats can help you make an informed decision.

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Selling a home in Montana

Montana real estate market forecast for sellers
⏰ Homes are selling 15.5 days faster than the annual average
💰 Homes are selling for $82,512 more than the annual average
💸 Average listing commission: 2.88%
💸 Average buyer's commission: 2.63%

How to sell a home in Montana

Cost to sell a home in Montana

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Buying a home in Montana

How much home you can buy with $300,000 in...
🏠 Billings: 1,489 sq ft
🏡 Bozeman: 829 sq ft
🏡 Missoula: 1,077 sq ft
🏠 Helena: 1,330 sq ft

Investing in Montana real estate

Best of Montana

Each month, we compare cities in Montana based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Montana
1. Billings
2. Great Falls
3. Helena

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Worst of Montana

Each month, we compare cities in Montana based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Montana
1. Kalispell
2. Missoula
3. Bozeman

Montana resources

👋 Next Steps: Talk to an expert!

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Clever's analysis of state market trends is based on local data from Zillow,, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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