$49,000
2224 US Highway 87 E Trlr 52
Billings, MT
3 bd2 ba1,216 sqft$40/ft²
Mobile home
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Sarah Mitchell
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Compass Real Estate · Billings, MT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Billings, MT(512) 555-0184TX License #0512847
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5.0 · 47 reviews
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Billings, MT Housing Market & Real Estate
Leaning buyer's+5.7% YoY
Housing market overview · Updated monthly ·
$389,900median sale price
How is the Billings, MT housing market right now?
The median home sale price in Billings, MT is $389,900, up 5.7% year-over-year. Homes sell in an average of 57 days with 583 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Billings a buyer's or seller's market?
Leaning buyer's4.0 months of supply57 avg. days on market
Billings, MT is currently a leaning buyer's, based on 4.0 months of supply and homes selling in about 57 days. How we determine this →
Homes sold
147
Last 12 weeks
Days on market
57
Average pace
Active listings
583
4.0 months supply
Sale-to-list
—
Below asking
What does the Billings housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $389,900 |
| Median list price | $397,000 |
| Year-over-year price change | +5.7% |
| Average days on market | 57 days |
| Active inventory | 583 listings |
| Months of supply | 4.0 months |
| Median price per sq ft | $190/sq ft |
| Homes sold (latest month) | 147 |
| New listings (latest month) | 193 |
| Listings with a price cut | 18.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Billings by property type?
How the Billings, MT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $409,000 | $193/sq ft | 117 | 58 days |
| Condo / Co-op | $277,000 | $175/sq ft | 4 | 92 days |
| Townhouse | $354,900 | $190/sq ft | 23 | 45 days |
Source: Redfin · Updated monthly
The Billings housing market is currently classified as a leaning buyer's with a median sale price of $389,900. Prices have risen 5.7% compared to last year, with homes spending an average of 57 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.6x provides context for how home values compare to local earning capacity.
Homes for sale in Billings
There are currently 583 homes listed for sale in Billings, Montana. The median listing price is $397K. Featured listings range from $49,000 to $950,000.
$340,000
5409 Apple Rose Unit 1
Billings, MT
2 bd2 ba1,002 sqft$339/ft²
Townhouse
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$357,000
2939 Eagle Butte Trl
Billings, MT
3 bd2 ba1,292 sqft$276/ft²
Townhouse1,708 sqft lot
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$357,000
2941 Eagle Butte Trl
Billings, MT
3 bd2 ba1,292 sqft$276/ft²
Townhouse1,708 sqft lot
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$359,900
2211 Avenue B
Billings, MT
3 bd1 ba1,304 sqft$276/ft²
House8,398 sqft lot
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$424,900
4332 Bowman Dr
Billings, MT
4 bd2 ba1,713 sqft$248/ft²
House13,939 sqft lot
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$485,000
905 Princeton Ave
Billings, MT
4 bd2 ba1,636 sqft$296/ft²
House7,000 sqft lot
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$525,000
3016 Radcliffe Dr
Billings, MT
5 bd3 ba5,124 sqft$102/ft²
House12,767 sqft lot
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$530,000
1458 Black Eagle Trl
Billings, MT
6 bd3 ba2,968 sqft$179/ft²
House4.79 acres
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$714,000
2939 2941 Eagle Butte Trl
Billings, MT
6 bd4 ba2,584 sqft$276/ft²
Multi-family3,411 sqft lot
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$859,900
421 Rimrock Rd
Billings, MT
5 bd5 ba3,959 sqft$217/ft²
House17,433 sqft lot
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$950,000
2605 62nd St W
Billings, MT
4 bd2 ba2,240 sqft$424/ft²
House9.73 acres
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Looking to buy in Billings?
Get connected with a local real estate expert — free, no obligation.
Active listings
583
Homes on market
Median list price
$397K
Avg. days on market
57
Days until sale
New this week
193
Newly listed
Price drops:18.7%of listings
Who lives in Billings?
Population
118,321
Median income
$71,855/yr
Median age
38.1 years
Owner-occupied
64.8%
College grads
37.0%
Avg commute
16.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Billings?
Zillow home value
$402,554
Zillow rent index
$1,458/mo
Price-to-rent ratio
23.0x
Price-to-income
5.6x
Source: Zillow Research
What is it like to live in Billings?
Billings is a community of approximately 118K residents with a median age of 38.1 years.The median household income is $71,855, which represents a working-class community with solid middle-income opportunities. 37.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 64.8%, showing a blend of owner and renter-occupied properties. The average commute time is 16.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Billings offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Billings?
43 schools tracked · 18,538 students
The largest public schools serving Billings, MT 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 West High School
Grades 9-12 · 2,210 students
Billings Sr High School
Grades 9-12 · 1,675 students
Skyview High School
Grades 9-12 · 1,596 students
Castle Rock Middle School
Grades 6-8 · 742 students
Ben Steele Middle School
Grades 6-8 · 738 students
Lewis & Clark Middle School
Grades 6-8 · 727 students
Meadowlark School
Grades PK-5 · 707 students
Will James Middle School
Grades 6-8 · 601 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, MT?
Want a head-to-head view? Compare Billings side-by-side with any other U.S. city using our market-comparison tool.
Is Billings a good real estate investment market?
For investors evaluating Billings, the price-to-rent ratio of 23.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Billings's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Billings's median home price.
Frequently asked questions
What is the average home price in Billings?
The median home sale price in Billings is $389,900, up 5.7% from last year.
How long do homes stay on market in Billings?
Homes typically spend 57 days on market before going under contract.
What is the median income in Billings?
The median household income is $71,855 per year.
Is Billings a buyer's or seller's market?
With 4.0 months of supply, Billings is currently a leaning buyer's.
How many homes are for sale in Billings?
There are currently 583 homes listed for sale in Billings, MT.
What is the Zillow home value estimate for Billings?
The Zillow Home Value Index (ZHVI) for Billings is $402,554, representing the typical home value in the area.
What is the median condo price in Billings?
The median condo/co-op sale price in Billings, MT is $277,000, compared to $409,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Billings?
The median single-family home price in Billings, MT is $409,000 (about $193 per square foot).
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