Market Intelligence Report — MT-060

Kalispell, MT

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

Ref. No: 2026-MT-09
As of the latest 2026 data
Very Weak

Median Listing

$897K
-5.3% YoY

Pending Ratio

0.24
+1.4% YoY

Active Inventory

963
-6.3% YoY

Median DOM

87 Days
-3.3% YoY

Primary Intelligence Tool — Sold Score™

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The Kalispell market is currently characterized as Very Weak, primarily due to a pending ratio of 0.24, indicating significantly low demand absorption relative to available supply. This condition persists despite a slight year-over-year improvement in the pending ratio.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Kalispell market right now.

Active listings have contracted by 6.3% year-over-year, alongside an 8.6% year-over-year decrease in new listings, yet overall supply remains elevated relative to demand. The median listing price has declined by 5.3% over the past year and shows a marginal month-over-month decrease of 0.3%. The share of listings with price reductions has also decreased by 2.6% year-over-year, while the median days on market saw a modest 3.3% year-over-year reduction.

Stefanie Hanson
Stefanie Hanson
Independent

“Local pricing and inventory dynamics across Kalispell shift block by block — happy to walk through what's actually closing.”

Historical Analysis

Market Trends

Median Price

$897K-0.3% MoM

Active Inventory

963-6.3% YoY

Days on Market

87-3.3% YoY

Sold Score™

31+1.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

31
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

In this Very Weak market condition, negotiating leverage heavily favors buyers due to the substantial inventory surplus relative to the pace of pending sales. While median days on market have slightly decreased, the overall demand absorption rate suggests that sellers may need to demonstrate greater price discipline to attract offers and accelerate transactions. The low pending ratio indicates that properties are moving slowly through the market pipeline.

Luxury Segment

While the median listing price shows a year-over-year decline, the average listing price has increased by 2.1% year-over-year, and the median price per square foot has risen by 1.9% year-over-year. This divergence suggests that activity at the higher price tiers may be retaining value more effectively, or new, larger luxury listings are entering the market at higher price points, offsetting broader market trends.

Supply Dynamics

963 active listings represent the current floor, with new supply arriving at roughly 170 per month.

Pricing Pressure
20.5%

of active listings carry a price reduction, -2.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +1.9% year-over-year.

Absorption
0.24

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Kalispell, MT? Buyer Demand Index is running at 24%.

Buyers have leverage in Kalispell, MT. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
24%
Median Days on Market
87 days
Inventory YoY
−6%

In a buyer's market, strategy beats timing. See how your home scores in Kalispell, MT and what moves the number.

See my Sold Score & selling strategy →

Talk to a listing expert who is actively selling in Kalispell, MT.

Stefanie Hanson →

Independent

How these recommendations are chosen →

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Metro Demographics

Metro Area
Kalispell, MT
CBSA Code
28060
State
MT

ZIPs in Kalispell, MT

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

Vetted Local Practitioners

Direct Consultation

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

    As of the latest 2026 data, the Kalispell metro is classified as Very Weak. Pending ratio is 0.24 with median days on market at 87.

  • Are home prices dropping in Kalispell?+

    Median listing price is $897K, -5.3% year over year. 20.5% of active listings carry a price reduction.

  • How fast are homes selling in Kalispell?+

    The typical listing sits 87 days on market, a -3.3% change YoY. New listings are arriving at 170 per month.

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

    While the median listing price shows a year-over-year decline, the average listing price has increased by 2.1% year-over-year, and the median price per square foot has risen by 1.9% year-over-year. This divergence suggests that activity at the higher price tiers may be retaining value more effectively, or new, larger luxury listings are entering the market at higher price points, offsetting broader market trends.

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

    Primpted maintains a vetted registry of Kalispell 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 28060 · 36mo history