Tracey Velt's Market Report

Billings, MT

Single-Family Homes

HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498



Billings, MT

Wed Oct 09 2024
This week the median list price for Billings, MT is $475,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 588. Click here to stay informed with the Billings market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Billings, MT

Wed Oct 09 2024
This week the median list price for Billings, MT is $475,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 588. Click here to stay informed with the Billings market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Real-Time Market Profile

Never miss important changes in the Billings market.
Median List Price $475,000
Median Price of New Listings $440,000
Per Square Foot $202
Average Days on Market 93
Median Days on Market 63
Price Decreased 37%
Price Increased 1%
Relisted 13%
Inventory 588
Median Rent
Market Action 36
Slight Seller's Advantage

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$990,000 3,726 1 - 2.5 acres 4 3 20 12 3 84
$570,000 2,678 0.25 - 0.5 acre 4 3 20 10 10 70
$419,000 2,206 8,000 - 10,000 sqft 3 2 32 19 15 42
$325,000 1,710 6,500 - 8,000 sqft 3 2 69 14 14 56