Billings, MT
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's cooling Billings market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Billings, MT.
The Billings, MT, residential market is in a cooling phase, with a pending ratio of 0.34 indicating demand absorption is moderate relative to available supply. Active listings have expanded by 5.4% year-over-year, contributing to this trend.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Unemployment rate · Jul 2026
Shows whether local employment conditions are supporting buyer demand.
U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).
Population & Migration
Resident population · Jan 2025
Shows whether the area is gaining or losing potential housing demand.
U.S. Census Bureau via FRED (St. Louis Fed).
Future Housing Supply
Data not yet available.
Shows whether future inventory pressure may increase.
What's moving the Billings market right now.
Active listings have seen a 5.4% year-over-year increase, bringing the total to 873 units. New listings, however, contracted by 12.0% over the past year. The median listing price registered a 2.1% year-over-year gain, reaching $489,677, despite a 1.5% month-over-month decline. Median days on market decreased by 12.1% year-over-year, to 51 days, while the share of price reductions saw a marginal 1.0% year-over-year decrease to 19.5%.
“Local pricing and inventory dynamics across Billings shift block by block — happy to walk through what's actually closing.”
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
In this environment, buyers are observing an expansion in available options, providing more selection and potentially extending the decision-making timeline. The pace of transactions, as indicated by the pending ratio, suggests a market where demand does not exert significant pressure on inventory, allowing for greater negotiation on pricing and terms. Price discipline is becoming more prominent as the market moderates.
At the higher price tiers, there is a discernible softening, with the average listing price experiencing an 8.7% year-over-year decline. This contrasts with the 2.1% year-over-year increase in the median listing price, suggesting a disproportionate impact on more expensive properties. Median $/sqft increased by 7.3% year-over-year, while median square footage remained stable, pointing to some value appreciation within core market segments, even as luxury pricing adjusts.
873 active listings represent the current floor, with new supply arriving at roughly 264 per month.
of active listings carry a price reduction, -1.0% from prior period.
Median price per square foot has moved +7.3% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Billings, MT? Homes here are taking 7 days less to sell than last year.
Buyers have leverage in Billings, MT. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 34%
- Median Days on Market
- 51 days
- Inventory YoY
- +5%
In a buyer's market, strategy beats timing. See how your home scores in Billings, MT and what moves the number.
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Metro Demographics
ZIPs in Billings, MT
59106
billings
$620K
181 active · 52 DOM
59102
billings
$385K
148 active · 36 DOM
59101
billings
$420K
132 active · 44 DOM
59105
billings
$450K
121 active · 51 DOM
59068
red lodge
$654K
100 active · 113 DOM
59047
livingston
$695K
86 active · 71 DOM
59044
laurel
$394K
39 active · 32 DOM
59072
roundup
$395K
32 active · 87 DOM
59011
big timber
$415K
26 active · 79 DOM
59034
hardin
$247K
23 active · 135 DOM
59019
columbus
$665K
18 active · 53 DOM
59079
shepherd
$488K
15 active · 81 DOM
59070
roberts
$780K
14 active · 78 DOM
59086
wilsall
$1.40M
12 active · 72 DOM
59037
huntley
$650K
11 active · 66 DOM
59041
joliet
$640K
11 active · 56 DOM
59014
bridger
$398K
10 active · 53 DOM
59030
gardiner
$1.30M
9 active · 85 DOM
Sorted by active inventory · click a ZIP for its full report
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