Montana
Local Housing Market · Zillow ZHVI · July 2026
$475,191
Typical Home Value
▲ 1.8% YoY ▲ 0.09% MoM
6.65%
30Y Mortgage Rate
PMMS · Aug 20, 2026
9bps
YoY Rate Change
▲ Higher than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 Montana Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$475,191
▲ 1.8% YoY
Month-over-Month
▲ 0.09% MoM
July 2026
Data Period
July 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.65%
PMMS · Aug 20, 2026
15Y Fixed
5.95%
PMMS · Aug 20, 2026
1yr Ago 30Y
6.56%
▲ Rates higher 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 · July 2026
• Inventory is down 2.4% YoY and listing prices are flat 0.4% YoY with 18.9% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 62 days — a slower market. Pending ratio is 0.29 — moderate demand, purchase timelines are manageable.
• New listings are increasing 3.7% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$647,000
▼ 0.4% YoY
Median Days on Market
62d
0d YoY
Active Listings
5,970
▼ 2.4% YoY
New Listings
1,812
▲ 3.7% YoY
Price Reduced Share
18.9%
of active listings
Pending Ratio
0.29
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) · July 2026
Billings
▼ COOLING
National rank #81
Median Price
$496,975
Median DOM
49d
Demand score 77/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply