Metropolitan market · Montana · September 2026 data

What is the Kalispell, MT real estate market doing?

As of September 2026, the median home listed in Kalispell, MT asks $897,000, down 5.3% year over year. Homes spend a median of 87 days on market, with 963 active listings and 20% carrying a price cut; pending contracts equal 24% of active listings, and inventory sits at 87% of the same month in 2019 — a buyer-leaning market. Figures come from public records and industry data, updated monthly.

Median listing price
$897,000
▼ 5.3% YoY
Median $ / sq ft
$435
2,264 sq ft median
Median days on market
87
September 2026
Active listings
963
For sale now
New listings
170
September 2026
Listings with price cuts
20%
Share of active
Inventory vs 2019
87%
Same month, 2019 = 100
Pending / active
24%
Contract activity
Median sale price (closed)
$627,495
▼ 2.6% YoY · closed sales · July 2026
Sale-to-list ratio
n/a
Non-disclosure state: sale prices are not public record, so WealthyBud does not show or rank this ratio
Homes sold / month
176
Closed sales · July 2026, seasonally adjusted

What is the Kalispell, MT housing market doing right now?

The Kalispell, MT housing market lists at a $897,000 median as of September 2026, down 5.3% year over year, with an 87-day median market time and 963 homes for sale (20% with a price cut). Active inventory is 87% of the 2019 level, reading as a buyer-leaning market by days-on-market pace.

Kalispell housing market statistics

The table summarizes Kalispell's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Kalispell.

Kalispell, MT housing market at a glance — September 2026
MetricLatestDetail
Median listing price$897,000-5.3% YoY
Median price per sq ft$4352,264 sq ft median
Median days on market87-3% YoY
Active listings963-6% YoY
New listings this month170September 2026
Listings with a price cut20%Share of active
Median sale price (closed)$627,495-2.6% YoY · closed sales, July 2026
Sale-to-list ration/aNon-disclosure state: sale prices are not public record, so WealthyBud does not show or rank this ratio
Pending-to-active ratio23.9%231 pending
Inventory vs 201987%Active listings vs same month in 2019

How have home prices changed in Kalispell?

Kalispell home prices are down 5.3% year over year and -0.3% month over month as of September 2026, at a $897,000 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.

$947K$927K$908K$888K Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26

Median listing price, Kalispell MT · trailing 8 quarters · source: public records and industry data.

The 10-year view
$925K$813K$701K$589K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Kalispell MT · June of each year, 2017–2026 · source: public records and industry data.

How much inventory is on the market in Kalispell?

Kalispell has 963 active listings, 170 new this month, 231 pending as of September 2026. About 20% of active listings have cut their price, and inventory sits at 87% of its 2019 level — a buyer-leaning market by pace.

Active listings
963
New this month
170
Pending
231
Price-reduced
197

Is Kalispell a good real estate investment?

Kalispell scores 27/100 on WealthyBud's composite Investor Score, ranking #856 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.

Investor Score
27/100
#856 of 933 covered metros
12-month outlook
-1.4%
Flat · model output, not advice
Momentum
53
Value
2
Rental yield
1
Supply risk
46
Market heat
17

Kalispell scores 27/100 on our composite Investor Score (#856 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 87% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are down 5.3% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Kalispell ranks on the trending markets index.

How much is a monthly mortgage payment in Kalispell?

A home at Kalispell's $897,000 median listing runs about $4,910 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.

If rates fall 1% · 6.28%
$4,432/mo
−$478/mo vs today
At today's rate · 7.28%
$4,910/mo
National weekly average
If rates rise 1% · 8.28%
$5,406/mo
+$496/mo vs today

Principal & interest on the $897,000 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.

How much income do you need to buy a home in Kalispell?

To buy Kalispell’s $897,000 median listing with 20% down, a household needs about $230,000 a year in gross income, keeping principal, interest and property tax ($5,366/mo) at 28% of income. That is 3.2× the area’s $71,327 median household income, so a typical Kalispell household cannot afford the median listing on these terms.

Income needed to buy the median home in Kalispell, MT — September 2026
ItemAmountBasis
Median listing price$897,000September 2026
Down payment (20%)$179,400Assumption
Principal & interest (7.28%, 30-yr fixed)$4,910/moRate as of 2026-10-01
Property tax (0.61% effective rate)$456/moCensus ACS
Income needed (28% rule)$230,000Gross household income / yr
Median household income$71,327Census ACS 2023 ACS 5-year

Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.

What is driving the Kalispell housing market?

Longer-run demand in Kalispell shows up in 830 homes permitted in 2025; net migration of +1,288 residents. Natural-hazard risk rates Relatively Moderate. These federal supply-pipeline, migration and jobs signals shape where prices head next.

Building permits (2025)
830
▲ 195.4% vs 2024
7.7 per 1,000 residents
Net migration (2022–2023)
+1,288
▲ people, via tax-return records
net income flow +$120.6M/yr
Natural-hazard risk
Relatively Moderate
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Kalispell housing market FAQ

What is the median home price in Kalispell?
As of September 2026, the median listing price in Kalispell, MT is $897,000, down 5.3% year over year (source: public records and industry data). Figures cover the Kalispell, MT metro area.
How much does it cost to buy a home in Kalispell?
The median home listed in Kalispell asks $897,000 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $4,910 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Kalispell?
The median property in Kalispell spends 87 days on the market, with 963 homes actively listed and 20% of them carrying a price cut — a buyer-leaning market as of September 2026.
Is it a buyer's or seller's market in Kalispell?
With a median 87 days on market and 20% of active listings carrying a price cut, pending contracts at 24% of active listings, Kalispell reads as a buyer-leaning market as of September 2026. Lean is based on days-on-market pace when closed-sale ratios are unavailable. Conditions shift monthly.
Is Kalispell a good place to invest in real estate?
Kalispell scores 27/100 on WealthyBud's Investor Score, ranking #856 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Kalispell?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Kalispell and the wider Montana market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures cover the Kalispell, MT metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.

More Montana housing markets

Marcus Bell Real Estate Market Analyst

Marcus Bell leads market and career research at WealthyBud, turning public housing and labor data into plain-English answers for investors and agents. He focuses on U.S. metro housing markets, agent economics and licensing.

Editorial persona: WealthyBud bylines are editorial personas, not real individuals. Pages are produced by the WealthyBud research team from the public data cited on each page.