Market Intelligence · MT / Lewis and Clark County

Helena, MT home prices and housing market

2 ZIP markets liveData updated September 2026Typical value$485K1-yr changeUp2.9%

The typical home value in Helena, MT is $485K as of September 2026, up 2.9% from a year ago, based on the Zillow Home Value Index. In the typical Helena ZIP code, the median list price is $587K and homes spend a median of 56 days on market as of September 2026 (Realtor.com).

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The coverage

Helena, by the numbers.

Typical home valueZillow ZHVI, September 2026
$485K
1-yr changeMedian across Helena ZIPs
+2.9%
ZIP markets live8 tracked in Helena
2
County
Lewis and Clark County

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12-month value trend

+2.9% over 12 months

Typical home value in Helena over the last 12 months: $471K in Sep 2025 to $485K in Sep 2026 (+2.9%).

Sep 2025$471K

Sep 2026$485K

Median Zillow home value index across Helena's ZIP codes.

Context

Helena's median home value stands at $484,973, up 2.9% over the past year as of September 2026. The city has 175 homes for sale with a median list price of $586,600. New listings averaged 90 properties, while the median time on market was 56 days. About 21.3% of listings carried a price cut. The market shows steady appreciation, though the number of price reductions suggests some sellers are adjusting expectations to match buyer appetite. If you're thinking about selling, expect realistic negotiation rather than a seller's advantage.

The numbers

What is the housing market like in Helena, MT?

Typical home value

$485K

Up2.9%YoY

Median list price

$587K

Days on market

56

Homes for sale

175

Price cuts

21.3%

New listings

90

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Helena's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Helena, MT home prices over time

Typical home values in Helena, MT are up 2.9% over the past year, from $471K in September 2025 to $485K in September 2026.

Typical home value in Helena, MT, September of each year
MonthTypical value1-yr change
September 2026$484,973+2.9%
September 2025$471,142No prior year

Typical value is the median Zillow Home Value Index across Helena ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Helena, MT a buyer's or seller's market?

Helena, MT is roughly balanced between buyers and sellers.

These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.

Based on a median of 56 days on market and 21% of listings with a price cut in the typical Helena ZIP code, and 90 new listings against 175 active listings across Helena, as of September 2026 (Realtor.com).

The outlook

Helena housing market forecast 2027

+2.1%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 2 Helena ZIP codes, points to typical home values rising 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in Helena rose 2.9%, per the Zillow Home Value Index.

Will home prices drop in Helena?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Helena shows typical home values rising 2.1% by September 2027, after a 2.9% 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). 2 Helena 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.

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Live markets

What ZIP codes are live in Helena?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 8 Helena ZIP codes in total; the remaining 6 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Helena, MT home prices.

What is a typical home value in Helena, Montana?

The typical home value in Helena is $484,973 as of September 2026, reflecting a 2.9% increase over the past year.

How long do homes typically stay on the market in Helena?

The median time on market in Helena is 56 days, indicating a moderate pace of sales activity.

Are sellers having to drop prices in Helena?

About 21.3% of listings had a price cut as of September 2026, showing that some sellers are adjusting their asking prices to attract buyers.

Are home prices going up or down in Helena, MT?

Typical home values in Helena, MT are up 2.9% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Helena, MT a buyer's or seller's market?

Helena, MT is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 56 days on market and 21% of listings with a price cut in the typical Helena ZIP code, and 90 new listings against 175 active listings across Helena, as of September 2026 (Realtor.com).

Nearby markets

More Montana housing markets.

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