Jason Leininger
Billings, MT
Single-Family Homes
Broker/Partner The Real Estate Hub
Billings, MT
Tue May 26 2026
This week the median list price for Billings, MT is $495,000 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has increased to 343.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $495,000 | |
| Median Price of New Listings | $495,950 | |
| Per Square Foot | $205 | |
| Average Days on Market | 80 | |
| Median Days on Market | 35 | |
| Price Decreased | 36% | |
| Price Increased | 1% | |
| Relisted | 7% | |
| Inventory | 343 | |
| Median Rent | ||
| Market Action | 41 | |
| Slight Seller's Advantage | ||
Prices are climbing and we’re nearing the market’s all time high so watch the Market Action Index as an indicator of how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $950,000 | 3,786 | 0.5 - 1 acre | 4 | 3.5 | 20 | 9 | 4 | 49 |
| $569,500 | 2,978 | 0.25 - 0.5 acre | 4 | 3 | 19 | 14 | 9 | 28 |
| $437,000 | 2,158 | 8,000 - 10,000 sqft | 3 | 2.3 | 19 | 12 | 16 | 42 |
| $324,000 | 1,560 | 6,500 - 8,000 sqft | 3 | 2 | 72 | 9 | 13 | 35 |