Statistics About The Average Home Price In Montana

In this post, we explore the diverse landscape of Montana’s housing market, shedding light on various statistics that define home prices across the state. From the soaring median prices in upscale cities like Big Sky to the more affordable options in locations such as Miles City, the data provides a comprehensive look at the housing opportunities in Montana. Join us as we delve into the numbers that shape the real estate market in the Treasure State.

Statistic 1

"Among the priciest cities in Montana, Big Sky holds the highest median home price at $1,198,100."

Statistic 2

"The Montana city with the lowest median home price is Miles City, with a median price of $175,600."

Statistic 3

"The average price of a 4-bedroom home in Montana is around $443,000."

Statistic 4

"The median listing price of homes in Yellowstone County, the most populated county in Montana, is about $295,000."

Statistic 5

"The five-year appreciation rate for homes in Montana is approximately 57%."

Statistic 6

"The average cost of a multi-family home in Montana is approximately $540,000."

Statistic 7

"Home prices in Montana have seen a rise of 3.2% from 2020 to 2021."

Statistic 8

"The average price of a 2-bedroom home in Montana is $288,600."

Statistic 9

"Among Montana cities, Whitefish has the highest cost per square foot at $424."

Statistic 10

"The median price of a 5-bedroom home in Helena, Montana, is $469,000."

Statistic 11

"The mean price in 2019 for all housing units in Montana was around $253,800."

In summary, the housing market in Montana showcases a wide range of prices across different cities and property types, with Big Sky standing out as the most expensive and Miles City as the most affordable. The state has experienced significant appreciation rates over the past five years, reflecting growing demand and investment in real estate. Home prices have generally risen, with particular cities like Whitefish and Helena commanding higher prices per square foot for specific property sizes. Overall, the statistics indicate a dynamic and diverse real estate landscape in Montana, with opportunities for both buyers and sellers to navigate based on their preferences and budget constraints.