Market Intelligence Report — MT-740

Helena, MT

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MT-08
As of the latest 2026 data
Cooling

Median Listing

$600K
+0.1% YoY

Pending Ratio

0.43
+14.0% YoY

Active Inventory

371
-18.1% YoY

Median DOM

64 Days
+6.7% YoY

Primary Intelligence Tool — Sold Score™

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Helena is currently in a cooling market condition, evidenced by a pending ratio of 0.43. Despite a notable 14.0% year-over-year increase in the pending ratio, the market remains beneath the threshold for more active demand absorption. Active listings have contracted by 18.1% year-over-year, suggesting some inventory pressure, though this has not translated to a more competitive market.

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

2.6%-0.3 pp YoY

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

Data not yet available.

Shows whether the area is gaining or losing potential housing demand.

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Helena market right now.

Inventory continues to tighten, with active listings down 18.1% year-over-year and new listings contracting by 8.3% over the same period. Demand, while improving with a 14.0% year-over-year rise in the pending ratio to 0.43, has not sufficiently absorbed the available supply to shift the market away from a cooling trend. Median days on market increased by 6.7% year-over-year to 64 days, indicating a slower pace of transaction velocity. Median listing prices show only marginal growth of 0.1% year-over-year, alongside a 5.0% year-over-year increase in median $/sqft.

Historical Analysis

Market Trends

Median Price

$600K+0.1% MoM

Active Inventory

371-18.1% YoY

Days on Market

64+6.7% YoY

Sold Score™

65+14.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

65
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.43, the current market dynamics suggest a moderated pace of transactions. While active inventory compression (18.1% year-over-year) could exert some pressure, the elongated median days on market (64 days) indicates that demand is not intensely competing for available properties. This environment necessitates price discipline from sellers and offers more deliberate consideration for prospective purchasers.

Luxury Segment

The average listing price has increased by 3.9% year-over-year, while the median listing price shows only a 0.1% year-over-year gain. This divergence, coupled with the modest 5.0% year-over-year increase in median $/sqft, suggests some underlying softness within the higher-priced segments of the market.

Supply Dynamics

371 active listings represent the current floor, with new supply arriving at roughly 132 per month.

Pricing Pressure
17.5%

of active listings carry a price reduction, -4.0% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +5.0% year-over-year.

Absorption
0.43

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Helena, MT? Homes here are taking 4 days longer to sell than last year.

Helena, MT is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
43%
Median Days on Market
64 days
Inventory YoY
−18%

Helena, MT is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Helena, MT
CBSA Code
25740
State
MT

ZIPs in Helena, MT

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Helena?+

    As of the latest 2026 data, the Helena metro is classified as Cooling. Pending ratio is 0.43 with median days on market at 64.

  • Are home prices dropping in Helena?+

    Median listing price is $600K, +0.1% year over year. 17.5% of active listings carry a price reduction.

  • How fast are homes selling in Helena?+

    The typical listing sits 64 days on market, a +6.7% change YoY. New listings are arriving at 132 per month.

  • What's happening in the Helena luxury market?+

    The average listing price has increased by 3.9% year-over-year, while the median listing price shows only a 0.1% year-over-year gain. This divergence, coupled with the modest 5.0% year-over-year increase in median $/sqft, suggests some underlying softness within the higher-priced segments of the market.

  • Where can I find a trusted Helena real estate expert?+

    Primpted maintains a vetted registry of Helena agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 25740 · 36mo history