RealTrends Market Report
Billings, MT
Single-Family Homes
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Billings, MT
Wed Jun 03 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 347.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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 | $479,900 | |
| Per Square Foot | $205 | |
| Average Days on Market | 82 | |
| Median Days on Market | 42 | |
| Price Decreased | 33% | |
| Price Increased | 1% | |
| Relisted | 7% | |
| Inventory | 347 | |
| Median Rent | ||
| Market Action | 41 | |
| Slight Seller's Advantage | ||
While this week the median didn’t fluctuate much, prices continue to sit at all time highs. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $949,900 | 3,800 | 0.5 - 1 acre | 4 | 3.5 | 20 | 7 | 8 | 42 |
| $559,500 | 2,960 | 0.25 - 0.5 acre | 4 | 3 | 20 | 9 | 8 | 35 |
| $435,000 | 2,130 | 8,000 - 10,000 sqft | 3 | 2.5 | 23 | 11 | 10 | 35 |
| $322,000 | 1,507 | 6,500 - 8,000 sqft | 3 | 2 | 71 | 8 | 12 | 42 |