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Featured local agent — Condon, MT
Sarah Mitchell
Compass Real Estate · Condon, MT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Condon, MT Housing Market
The typical home in Condon, MT is worth $671,817, rose 2.9% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $799,000, -15.8% year over year (through May 2026). With 12.0 months of supply and homes going under contract in about 207 days, Condon is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $671,817 home is about $3,587/mo in principal and interest.
Key numbers for Condon, MT
Typical home value
$671,817
+2.9% in 12 months
Zillow, August 2026
Median sale price
$799,000
-15.8% year over year
Redfin, through May 2026
Days on market
207
Slow-moving
Redfin, through May 2026
Active listings
12
12.0 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
$57,813
Home costs 11.6x 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 Condon a buyer's or seller's market?
Condon, MT is a buyer's market, based on 12.0 months of supply and homes selling in about 207 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Condon housing market data show?
Every row below is Redfin's final published month for Condon, MT. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $799,000 |
| Median list price | $995,000 |
| Year-over-year price change | -15.8% |
| Median price per sq ft | $321/sq ft |
| Median days on market | 207 days |
| Active inventory | 12 listings |
| Months of supply | 12.0 months |
| Homes sold (that month) | 1 |
| New listings (that month) | 7 |
| Market condition | Buyer'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 Condon is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Condon 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 Condon home prices moved?
Across the 14 months we hold for Condon, MT, the median sale price rose 0.5%, from $795,000 in July 2021 to $799,000. The live Zillow value series has rose 2.9% in the last 12 months, which is the more current read now that Redfin's series has stopped.
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 Condon?
Priced off the typical home value of $671,817 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% | $134,363 | $537,454 | $3,587/mo |
| 5% | $33,591 | $638,226 | $4,259/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 $3,587, that implies roughly $153,708 a year before you add taxes and insurance. The median household in Condon earns $57,813, about $95,895 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 11.6x — 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 Condon in the next 12 months?
Tell us your timeline. We send the Condon 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 Condon?
Zillow does not publish a rent index (ZORI) for Condon, MT, 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 Condon?
Active listings in Condon, MT went from 3 in July 2021 to 12 in May 2026, a +300.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| August 2021 | 2 | not published |
| November 2022 | 1 | not published |
| May 2023 | 1 | 1 |
| September 2023 | 7 | 1 |
| June 2024 | 6 | not published |
| August 2024 | 10 | 3 |
| November 2024 | 6 | not published |
| December 2024 | 3 | not published |
| February 2025 | 2 | not published |
| May 2025 | 3 | 1 |
| July 2025 | 4 | not published |
| May 2026 | 12 | 7 |
Redfin, through May 2026
How does Condon compare to Montana and the U.S.?
Condon homes sell for $799,000 — 51% above the Montana median of $528,600. Against the national median of $410,700, Condon runs 95% higher. Year-over-year, Condon moved -15.8% against Montana's +1.5% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Condon, MT | $799,000 | -15.8% | 207 days |
| Montana statewide | $528,600 | +1.5% | 69 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 Condon
What buyers should watch
- Months of supply, currently 12.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $672 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 $671,817 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 Condon listing goes under contract in 207 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- In the last published month Condon added 7 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +2.9% 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 Condon varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Condon
There are currently 12 homes listed for sale in Condon, Montana. The median listing price is $995K.
Active listings
12
Homes on market
Median list price
$995K
Avg. days on market
207
Days until sale
New this week
7
Newly listed
How much do homes cost in Condon by property type?
How the Condon, MT 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 | $799,000 | $321/sq ft | 1 | 207 days |
Who lives in Condon?
American Community Survey estimates for Condon. U.S. Census ACS, 2023
Population
271
Households
163
Median income
$57,813/yr
Median age
62.9 years
Owner-occupied
93.3%
Median home value
$415,800
Mean commute
14.9 min
93.3% of occupied homes in Condon 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 $415,800 against Zillow's $671,817 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Condon?
2 schools tracked · 29 students
The largest public schools serving Condon, 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.
Swan Valley School
Grades PK-6 · 26 students
Swan Valley 7-8
Grades 7-8 · 3 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 Condon, MT?
Ordered by distance from Condon, not by size. Compare Condon side by side with any of them.
Condon housing market FAQ
Is Condon a buyer's or seller's market?
Condon, MT is currently a buyer's market. That read comes from 12.0 months of supply, homes going under contract in about 207 days in the last month Redfin published (May 2026).
How much do homes cost in Condon?
The typical home in Condon, MT is worth $671,817 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $799,000, about $321 per square foot.
Is Condon cheaper than the rest of Montana?
Condon's median sale price of $799,000 is 51% higher than the Montana statewide median of $528,600, and 95% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Condon?
Homes in Condon, MT spent a median of 207 days on market before going under contract, versus 69 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Condon?
At the current 30-year fixed rate of 7.03%, 20% down on a $671,817 home is about $3,587 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $153,708 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $57,813.
Are home prices rising in Condon?
The typical home value in Condon, MT rose 2.9% over the last 12 months, from $652,918 to $671,817 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Condon?
Condon 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 Condon?
That depends on your timeline, not on a headline. What the data says today: Condon, MT is a buyer's market with 12.0 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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