Montana
Local Housing Market · Zillow ZHVI · May 2026
$472,852
Typical Home Value
▲ 1.4% YoY ▼ 0.05% MoM
6.49%
30Y Mortgage Rate
PMMS · Jul 09, 2026
26bps
YoY Rate Change
▼ Lower than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 Montana Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$472,852
▲ 1.4% YoY
Month-over-Month
▼ 0.05% MoM
May 2026
Data Period
May 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.49%
PMMS · Jul 09, 2026
15Y Fixed
5.82%
PMMS · Jul 09, 2026
1yr Ago 30Y
6.75%
▼ Rates lower now
30Y/10Y Spread
195bps
Tight · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · Montana
Market Indicators
REALTOR.COM🏦 LO Market Signal · June 2026
• Inventory is down 3.3% YoY and listing prices are flat 0.0% YoY with 16.6% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 57 days — a slower market. Pending ratio is 0.32 — moderate demand, purchase timelines are manageable.
• New listings are declining 7.9% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$649,950
0.0% YoY
Median Days on Market
57d
0d YoY
Active Listings
5,583
▼ 3.3% YoY
New Listings
1,990
▼ 7.9% YoY
Price Reduced Share
16.6%
of active listings
Pending Ratio
0.32
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in Montana
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · June 2026
Billings
▼ COOLING
National rank #94
Median Price
$495,000
Median DOM
45d
Demand score 77/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply