| Market | Median list price | YoY | Days on market | Active | Price-to-income | Income needed |
|---|---|---|---|---|---|---|
| Kalispell | $897,000 | -5.3% | 87 | 963 | 12.6 | $230,000 |
| Billings | $469,900 | -1.3% | 59 | 896 | 6.3 | $124,000 |
| Bozeman | $954,500 | +6.4% | 74 | 840 | 10.9 | $244,000 |
| Big Sky | $897,475 | +4.4% | 73 | 768 | n/a | n/a |
| Missoula | $735,000 | +13.1% | 75 | 523 | 10.4 | $196,000 |
| Helena | $596,100 | +3.3% | 63 | 384 | 8.1 | $156,000 |
| Great Falls | $429,500 | -0.7% | 56 | 215 | 6.5 | $115,000 |
| Butte | $297,750 | -18.7% | 71 | 168 | 5.2 | $81,000 |
State housing market · September 2026 data
Montana housing market
Across the 8 Montana markets WealthyBud tracks, the midpoint median listing price is $665,550 as of September 2026, and 4 of 8 are priced below a year ago. Bozeman is the most expensive ($954,500) and Butte the least ($297,750).
Midpoint median list price
$665,550
8 markets
Markets down YoY
4/8
September 2026
Active listings
4,757
Tracked markets
30-yr mortgage rate
7.28%
2026-10-01
What are home prices in each Montana market?
The table lists every Montana market WealthyBud tracks with its median listing price, year-over-year change, days on market, active listings, price-to-income ratio and the income needed to buy the median home. Select a market for its full report.
Are home prices rising or falling in Montana?
Missoula posted the biggest year-over-year change in Montana (+13.1%) and Butte the weakest (-18.7%). The midpoint change across the state's tracked markets is +1.3%, with 4,757 homes actively listed.
How much income do you need to buy a home in Montana?
Buying the median listing with 20% down at the current 7.28% rate takes about $81,000 a year in Butte and $244,000 in Bozeman, keeping principal, interest and property tax at 28% of income.
Montana housing market FAQ
What is the median home price in Montana?
Across WealthyBud's 8 tracked Montana markets, median listing prices have a midpoint of $665,550 as of September 2026, from $297,750 in Butte to $954,500 in Bozeman.
Are home prices falling in Montana?
4 of 8 tracked Montana markets have median listing prices below a year ago as of September 2026. The weakest is Butte at -18.7%.
What is the most expensive housing market in Montana?
Bozeman has the highest median listing price among tracked Montana markets at $954,500 (September 2026).
How much income do you need to buy a home in Montana?
Buying the median listing with 20% down at the current 7.28% rate takes about $81,000 a year in Butte and $244,000 in Bozeman, keeping principal, interest and property tax at 28% of income. Insurance, HOA and PMI are excluded.
Working in Montana real estate? See Montana agent salary (BLS median $79,100) and how to get licensed. Compare states on the state hub index or see where prices are falling nationwide.