Montana Real Estate Trends - A New Way to Look at Montana Realty

Montana Real Estate

Recent trends in Montana real estate indicate that prices have evened out as buyer’s and seller’s negotiate a new understanding of the value of property in the modern economic climate. Between the end of 2011 and April of 2012, the average price for a condo or townhouse in Montana went from $224,000 to $259,000. Single family homes, both in and out of the city, averaged a list price of $401,000 at the end of last year and seller’s are now asking an average of $467,000. With approximately 42% of the market share, single family homes and townhouses/condos constitute the foundation of the Montana real estate market.

While the seller’s of single family homes and condos/townhouses seem to have agreed upon the correct price point for Montana real estate, evidence indicates that buyer’s still expect to get great value for their money. Over the past 5 months, the average sale price of a single family home in Montana has been $205,000, 54% below the average list price. In the condominium market, the average sale price is $173,000, almost 29% below the asking prices.

Map of Montana Cities - Average Listing Price Change

Montana Real Estate:
Largest Increase in Listing Price

City 3 mo.
Livingston, MT Real Estate
9.37%
Stevensville, MT Real Estate
7.10%
Corvallis, MT Real Estate
6.70%
Missoula, MT Real Estate
6.37%
Great Falls, MT Real Estate
5.95%

Montana Real Estate:
Largest Decrease in Listing Price

City 3 mo.
Columbia Falls, MT Real Estate
14.72%
Florence, MT Real Estate
12.53%
Seeley Lake, MT Real Estate
10.24%
Bigfork, MT Real Estate
5.47%
Ennis, MT Real Estate
4.33%

Montana Homes For Sale By City

Most Expensive Montana Homes for Sale by City

City Median $ 3 mo.
Bigfork, MT Homes for Sale $1,236,437
5.47%
Whitefish, MT Homes for Sale $1,188,065
1.68%
Bozeman, MT Homes for Sale $711,163
0.44%
Darby, MT Homes for Sale $690,369
4.95%
Victor, MT Homes for Sale $642,041
1.76%

Least Expensive Montana Homes for Sale by City

City Median $ 3 mo.
Great Falls, MT Homes for Sale $297,739
5.95%
Billings, MT Homes for Sale $314,567
1.37%
Helena, MT Homes for Sale $333,415
1.27%
Plains, MT Homes for Sale $382,990
0.00%
Kalispell, MT Homes for Sale $405,142
1.61%

Best Montana Cities for Families and Singles

Top 5 Montana Cities for Families

City Homes with
Children
Crime vs. Natl. Avg.
Kalispell, MT Local Info 30.00% 1.10
Billings, MT Local Info 28.00% 1.37
Great Falls, MT Local Info 27.00% 1.47
Butte, MT Local Info 26.00% 0.40
Helena, MT Local Info 23.00% 0.32

Top 5 Montana Cities for Singles

City Unmarried Female
to Male
Bozeman, MT Local Info 79.00% 47% / 53%
Missoula, MT Local Info 75.00% 50% / 50%
Kalispell, MT Local Info 71.00% 52% / 48%
Butte, MT Local Info 67.00% 49% / 51%
Helena, MT Local Info 66.00% 52% / 48%
Methodology

Largest Increase in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.

Largest Decrease in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.

Most Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Least Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Top 5 Cities for Families Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.

Top 5 Cities for Singles Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.