Market Intelligence · MT
Montana home prices and housing market.
Real market data across 9 cities and 20 ZIP markets in MT. The typical home is worth about $421K.
The typical home value in Montana is $421K as of September 2026, up 3.0% from a year ago, based on the Zillow Home Value Index. In the typical Montana ZIP code, the median list price is $569K and homes spend a median of 84 days on market as of September 2026 (Realtor.com).
Prices over time
Montana home prices over time
Typical home values in Montana are up 3.0% over the past year, from $409K in September 2025 to $421K in September 2026.
| Month | Typical value | 1-yr change |
|---|---|---|
| September 2026 | $420,839 | +3.0% |
| September 2025 | $408,666 | No prior year |
Typical value is the median Zillow Home Value Index across Montana ZIP codes, taken in September of each year so every row compares the same month.
Market balance
Is Montana a buyer's or seller's market?
Montana leans toward a buyer's market.
Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.
Based on a median of 84 days on market and 0% of listings with a price cut in the typical Montana ZIP code, and 1,316 new listings against 5,990 active listings across Montana, as of September 2026 (Realtor.com).
The outlook
Montana housing market forecast 2027
+2.5%
Weighted average of Zillow's ZIP forecasts, 12 months to September 2027
A weighted average of Zillow's ZIP forecasts, across 102 Montana ZIP codes, points to typical home values rising 2.5% by September 2027.
Over the 12 months through September 2026, typical home values in Montana rose 3.0%, per the Zillow Home Value Index.
Will home prices drop in Montana?
The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Montana shows typical home values rising 2.5% by September 2027, after a 3.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.
How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 102 Montana ZIP codes have both figures.
Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
Market board
Which Montana markets have the highest home values?
As of September 2026
- 1Big Sky, MT$1,918,284Up5.9%1 ZIP market; open the Big Sky, MT market page
- 2Bozeman, MT$758,174Up1.2%2 ZIP markets; open the Bozeman, MT market page
- 3Missoula, MT$567,772Down0.1%5 ZIP markets; open the Missoula, MT market page
- 4Kalispell, MT$554,254Up1.7%1 ZIP market; open the Kalispell, MT market page
- 5Helena, MT$484,973Up2.9%2 ZIP markets; open the Helena, MT market page
- 6Billings, MT$401,388Up2.7%4 ZIP markets; open the Billings, MT market page
- 7Great Falls, MT$327,355Up2.7%3 ZIP markets; open the Great Falls, MT market page
- 8Malta, MT$233,774Up4.0%1 ZIP market; open the Malta, MT market page
- 9Glasgow, MT$166,975Up12.2%1 ZIP market; open the Glasgow, MT market page
Typical value is the median Zillow home value (ZHVI) across each city's ZIP codes, as of September 2026. 1-yr change compares that median to the same ZIPs a year earlier. More MT markets publish as their data clears editorial QA.
Zillow ZHVI, September 2026
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Common questions
Questions about Montana home prices.
What is the typical home price in Montana?
The typical home price in Montana is about $421K as of September 2026, based on the Zillow Home Value Index (the median of the index across Montana ZIP codes). In the typical Montana ZIP code, the median list price is $569K as of September 2026 (Realtor.com), which reflects what sellers are asking rather than what homes sell for.
Are home prices going up or down in Montana?
Typical home values in Montana are up 3.0% over the past year, based on the Zillow Home Value Index as of September 2026.
Is Montana a buyer's or seller's market?
Montana leans toward a buyer's market. Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 84 days on market and 0% of listings with a price cut in the typical Montana ZIP code, and 1,316 new listings against 5,990 active listings across Montana, as of September 2026 (Realtor.com).
How long do homes take to sell in Montana?
In the typical Montana ZIP code, homes spend a median of 84 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.
The market is moving