Market Intelligence Report — MT-540

Missoula, MT

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

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

Median Listing

$735K
+13.1% YoY

Pending Ratio

0.32
+7.3% YoY

Active Inventory

523
-8.3% YoY

Median DOM

75 Days
+8.8% YoY

Primary Intelligence Tool — Sold Score™

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The Missoula, MT housing market is cooling, characterized by a pending ratio of 0.32, indicating demand absorption is lagging supply. This occurs despite a month-over-month increase of 1.4% in the median listing price, reaching $735,000.

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

2.4%-0.5 pp YoY

Unemployment rate · Sep 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

44-49.4% YoY

Building permits (private housing units) · Sep 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.

The market is exhibiting a cooling trend with the pending ratio at 0.32, even with a 7.3% year-over-year increase. Active listings have contracted by 8.3% over the past year, while new listings have expanded significantly by 24.6% year-over-year. Median days on market have extended by 8.8% year-over-year to 75 days, suggesting a slower pace of transactions.

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

$735K+1.4% MoM

Active Inventory

523-8.3% YoY

Days on Market

75+8.8% YoY

Sold Score™

48+7.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

48
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

Negotiating leverage is shifting as the pace of sales has slowed, evidenced by 75 median days on market. Increasing new listings and a lower pending ratio suggest diminishing inventory pressure for active buyers. Price discipline may be tested as properties remain on the market longer.

Luxury Segment

The average listing price of $1,042,695 is substantially higher than the median listing price of $735,000, creating an elevated average-vs-median spread. While the median $/sqft saw a modest 2.4% year-over-year increase, the average listing price growth (8.8% YoY) is lower than the median listing price growth (13.1% YoY), indicating potential softness at higher price tiers.

Supply Dynamics

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

Pricing Pressure
17.2%

of active listings carry a price reduction, -11.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.4% year-over-year.

Absorption
0.32

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Missoula, MT? Homes here are taking 6 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
32%
Median Days on Market
75 days
Inventory YoY
−8%

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 →

The Monthly Briefing

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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

Vetted Local Practitioners

Direct Consultation

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

    As of the latest 2026 data, the Missoula metro is classified as Cooling. Pending ratio is 0.32 with median days on market at 75.

  • Are home prices dropping in Missoula?+

    Median listing price is $735K, +13.1% year over year. 17.2% of active listings carry a price reduction.

  • How fast are homes selling in Missoula?+

    The typical listing sits 75 days on market, a +8.8% change YoY. New listings are arriving at 152 per month.

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

    The average listing price of $1,042,695 is substantially higher than the median listing price of $735,000, creating an elevated average-vs-median spread. While the median $/sqft saw a modest 2.4% year-over-year increase, the average listing price growth (8.8% YoY) is lower than the median listing price growth (13.1% YoY), indicating potential softness at higher price tiers.

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

    Primpted maintains a vetted registry of Missoula 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 33540 · 36mo history