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Featured local agent — Billings, MO
Sarah Mitchell
Compass Real Estate · Billings, MO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Billings, MO Housing Market
The typical home in Billings, MO is worth $332,888, rose 3.3% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $139,000 (through May 2026). With 2.0 months of supply and homes going under contract in about 3 days, Billings is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $332,888 home is about $1,777/mo in principal and interest.
Key numbers for Billings, MO
Typical home value
$332,888
+3.3% in 12 months
Zillow, August 2026
Median sale price
$139,000
Last published period
Redfin, through May 2026
Days on market
3
Fast-moving
Redfin, through May 2026
Active listings
2
2.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$43,846
Home costs 7.6x income
U.S. Census ACS, 2023
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Billings a buyer's or seller's market?
Billings, MO is a seller's market, based on 2.0 months of supply and homes selling in about 3 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Billings housing market data show?
Every row below is Redfin's final published month for Billings, MO. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $139,000 |
| Median price per sq ft | $130/sq ft |
| Median days on market | 3 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Homes sold (that month) | 1 |
| Listings with a price cut | 50.0% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Billings is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Billings is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Billings home prices moved?
Over the last three years the median sale price in Billings, MO fell 48.9%, from $272,000 to $139,000. The live Zillow value series has rose 3.3% in the last 12 months, which is the more current read now that Redfin's series has stopped. 50.0% of Billings listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Billings?
Priced off the typical home value of $332,888 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $66,578 | $266,310 | $1,777/mo |
| 5% | $16,644 | $316,243 | $2,110/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,777, that implies roughly $76,163 a year before you add taxes and insurance. The median household in Billings earns $43,846, about $32,317 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 7.6x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Billings in the next 12 months?
Tell us your timeline. We send the Billings market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Billings?
Zillow does not publish a rent index (ZORI) for Billings, MO, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Billings?
Active listings in Billings, MO went from 5 in February 2025 to 2 in May 2026, a -60.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| April 2025 | 5 | 5 |
| June 2025 | 5 | 2 |
| July 2025 | 6 | 3 |
| August 2025 | 4 | 2 |
| September 2025 | 5 | 2 |
| October 2025 | 4 | 2 |
| November 2025 | 3 | 1 |
| December 2025 | 2 | 1 |
| January 2026 | 2 | 1 |
| March 2026 | 2 | 1 |
| April 2026 | 3 | 4 |
| May 2026 | 2 | not published |
Redfin, through May 2026
How does Billings compare to Missouri and the U.S.?
Billings homes sell for $139,000 — 53% below the Missouri median of $297,500. Against the national median of $410,700, Billings runs 66% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Billings, MO | $139,000 | not published | 3 days |
| Missouri statewide | $297,500 | +4.6% | 27 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Billings
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 50.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $333 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $332,888 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Billings listing goes under contract in 3 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Your equity moved +3.3% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Billings varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Billings
There are currently 2 homes listed for sale in Billings, Missouri.
Active listings
2
Homes on market
Avg. days on market
3
Days until sale
How much do homes cost in Billings by property type?
How the Billings, MO market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $139,000 | $130/sq ft | 1 | 3 days |
Who lives in Billings?
American Community Survey estimates for Billings. U.S. Census ACS, 2023
Population
899
Households
424
Median income
$43,846/yr
Median age
46.1 years
Owner-occupied
69.6%
Median home value
$162,300
Median gross rent
$823/mo
Mean commute
29.6 min
69.6% of occupied homes in Billings are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $162,300 against Zillow's $332,888 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Billings?
2 schools tracked · 401 students
The largest public schools serving Billings, MO by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
BILLINGS ELEM.
Grades PK-6 · 252 students
BILLINGS SR. HIGH
Grades 7-12 · 149 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Billings, MO?
Ordered by distance from Billings, not by size. Compare Billings side by side with any of them.
Billings housing market FAQ
Is Billings a buyer's or seller's market?
Billings, MO is currently a seller's market. That read comes from 2.0 months of supply, homes going under contract in about 3 days in the last month Redfin published (May 2026).
How much do homes cost in Billings?
The typical home in Billings, MO is worth $332,888 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $139,000, about $130 per square foot.
Is Billings cheaper than the rest of Missouri?
Billings's median sale price of $139,000 is 53% lower than the Missouri statewide median of $297,500, and 66% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Billings?
Homes in Billings, MO spent a median of 3 days on market before going under contract, versus 27 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Billings?
At the current 30-year fixed rate of 7.03%, 20% down on a $332,888 home is about $1,777 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $76,163 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $43,846.
Are home prices rising in Billings?
The typical home value in Billings, MO rose 3.3% over the last 12 months, from $322,210 to $332,888 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Billings?
Billings ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Billings?
That depends on your timeline, not on a headline. What the data says today: Billings, MO is a seller's market with 2.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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