Market Intelligence Report — MT-540

Missoula, MT

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

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

Median Listing

$725K
+9.8% YoY

Pending Ratio

0.30
+1.1% YoY

Active Inventory

525
-5.4% YoY

Median DOM

71 Days
+10.9% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Missoula market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Missoula, MT.

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Missoula, MT is currently in a Cooling market phase, with demand absorption lagging supply. The pending ratio stands at 0.30, indicating that for every ten active listings, three are moving to a pending status. While the median listing price has increased 9.8% year-over-year, it has experienced a month-over-month decline of 2.8%.

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

2.7%-0.2 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

128,698+0.8% YoY

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

40-39.4% YoY

Building permits (private housing units) · Jul 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Missoula market right now.

Active listings have contracted by 5.4% over the past year, while new listings have seen a more significant decline of 13.6% during the same period. The median days on market has increased by 10.9% year-over-year, suggesting a slower pace of transactions. Despite a slight year-over-year rise in the pending ratio by 1.1 percentage points, its absolute value remains low, contributing to the cooling dynamics. The median listing price exhibits divergent trends, with a robust 9.8% year-over-year appreciation but a recent 2.8% month-over-month contraction.

Jason Baker
Jason Baker
eXp Realty

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

Historical Analysis

Market Trends

Median Price

$725K-2.8% MoM

Active Inventory

525-5.4% YoY

Days on Market

71+10.9% YoY

Sold Score™

43+1.1% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

43
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 0.30, the market pace is subdued, reflecting a lower urgency for immediate transaction closure. The accumulation of inventory, indicated by the increase in median days on market, suggests that sellers may need to exercise greater price discipline to attract offers. Negotiating leverage has shifted, with properties remaining on the market for longer periods, potentially allowing for more deliberate evaluation from prospective purchasers.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

525 active listings represent the current floor, with new supply arriving at roughly 152 per month.

Pricing Pressure
21.8%

of active listings carry a price reduction, -1.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +1.2% year-over-year.

Absorption
0.30

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Missoula, MT? Homes here are taking 7 days longer to sell than last year.

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

Buyer Demand Index
30%
Median Days on Market
71 days
Inventory YoY
−5%

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

See my Sold Score & selling strategy

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

Jason Baker

eXp Realty

How these recommendations are chosen →

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Metro Demographics

Metro Area
Missoula, MT
CBSA Code
33540
State
MT

ZIPs in Missoula, MT

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

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