Montana
Local Housing Market · Zillow ZHVI · September 2026
$467,275
Typical Home Value
▲ 2.0% YoY ▲ 0.08% MoM
7.40%
30Y Mortgage Rate
PMMS · Oct 15, 2026
121bps
YoY Rate Change
▲ Higher than 1yr ago
230bps
30Y/10Y Spread
Norm ~170bps
🏘 Montana Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$467,275
▲ 2.0% YoY
Month-over-Month
▲ 0.08% MoM
September 2026
Data Period
September 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
7.40%
PMMS · Oct 15, 2026
15Y Fixed
6.71%
PMMS · Oct 15, 2026
1yr Ago 30Y
6.19%
▲ Rates higher now
30Y/10Y Spread
230bps
Normal · 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 · September 2026
• Inventory is down 3.9% YoY and listing prices are flat 0.3% YoY with 17.3% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 75 days — a slower market. Pending ratio is 0.26 — moderate demand, purchase timelines are manageable.
• New listings are increasing 9.2% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$635,000
▼ 0.3% YoY
Median Days on Market
75d
0d YoY
Active Listings
5,949
▼ 3.9% YoY
New Listings
1,468
▲ 9.2% YoY
Price Reduced Share
17.3%
of active listings
Pending Ratio
0.26
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) · September 2026
Billings
▼ COOLING
National rank #86
Median Price
$489,676
Median DOM
51d
Demand score 76/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply