Strong
Buyer
Buyer
Balanced
Seller
Strong
Seller
Buyer’s Market
Seller’s Market
The Montana housing market tilts heavily in favor of buyers, despite rising home prices in the state. Values increased 6.5% to reach $540,100 this year. Houses in Montana now spend a median of 109 days on the market before selling. This extended timeline gives buyers more negotiation power. The slower pace allows for careful inspection of available options. In fact, more homes for sale in Montana will appear as inventory grows rapidly.
Buyers hold distinct advantages across Montana's real estate landscape. No homes in Montana sold above the asking price last month. This pattern reveals decreased competition among potential buyers. More sellers are reducing prices as listings linger on the market. Current conditions maintain a generous 6-month supply.
Overall, Montana presents an excellent opportunity for homebuyers this season. The market offers more choices, with homes for sale in Montana up 16.6%. Patient buyers can negotiate favorable terms with sellers. However, make sure you account for moving costs and home inspections.
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