New Listing
28
$159,000
416 21st St SW
Great Falls, MT 59404
2 bd1 ba910 sqft$175/ft²
Mobile home11,369 sqft lot
Jason Westmoreland · RE/MAX of Great Falls
View photos & details
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Great Falls, MT Housing Market
Balanced market+2.2% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Great Falls, MT is worth $340,160, rose 2.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $330,000, -2.9% year over year (through May 2026). With 3.0 months of supply and homes going under contract in about 48 days, Great Falls is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $340,160 home is about $1,816/mo in principal and interest.
Key numbers for Great Falls, MT
Typical home value
$340,160
+2.2% in 12 months
Zillow, August 2026
Typical asking rent
$1,374/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$330,000
-2.9% year over year
Redfin, through May 2026
Days on market
48
Average pace
Redfin, through May 2026
Active listings
195
3.0 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
$63,934
Home costs 5.3x 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 Great Falls a buyer's or seller's market?
Balanced market3.0 months of supply48 days on market
Great Falls, MT is a balanced market, based on 3.0 months of supply and homes selling in about 48 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 Great Falls housing market data show?
Every row below is Redfin's final published month for Great Falls, MT. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $330,000 |
| Median list price | $369,000 |
| Year-over-year price change | -2.9% |
| Median price per sq ft | $185/sq ft |
| Median days on market | 48 days |
| Active inventory | 195 listings |
| Months of supply | 3.0 months |
| Homes sold (that month) | 65 |
| New listings (that month) | 85 |
| Listings with a price cut | 22.6% |
| Market condition | Balanced 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 Great Falls is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Great Falls 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 Great Falls home prices moved?
Over the last three years the median sale price in Great Falls, MT rose 18.3%, from $279,000 to $330,000. The live Zillow value series has rose 2.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 22.6% of Great Falls listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear.
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 Great Falls?
Priced off the typical home value of $340,160 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% | $68,032 | $272,128 | $1,816/mo |
| 5% | $17,008 | $323,152 | $2,156/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 $1,816, that implies roughly $77,827 a year before you add taxes and insurance. The median household in Great Falls earns $63,934, about $13,893 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 5.3x — 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 Great Falls in the next 12 months?
Tell us your timeline. We send the Great Falls 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 Great Falls?
Typical asking rent in Great Falls, MT is $1,374/mo, against a typical home value of $340,160. That is a price-to-rent ratio of 20.6x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $1,816 a month — $442 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Great Falls?
Active listings in Great Falls, MT went from 198 in May 2025 to 195 in May 2026, a -1.5% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 201 | 76 |
| July 2025 | 218 | 104 |
| August 2025 | 212 | 77 |
| September 2025 | 209 | 84 |
| October 2025 | 210 | 74 |
| November 2025 | 210 | 58 |
| December 2025 | 188 | 42 |
| January 2026 | 190 | 52 |
| February 2026 | 182 | 66 |
| March 2026 | 193 | 87 |
| April 2026 | 201 | 86 |
| May 2026 | 195 | 85 |
Redfin, through May 2026
How does Great Falls compare to Montana and the U.S.?
Great Falls homes sell for $330,000 — 38% below the Montana median of $528,600. Against the national median of $410,700, Great Falls runs 20% lower. Year-over-year, Great Falls moved -2.9% against Montana's +1.5% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Great Falls, MT | $330,000 | -2.9% | 48 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 Great Falls
What buyers should watch
- Months of supply, currently 3.0. 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 22.6%. 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 $340 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 $340,160 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 Great Falls listing goes under contract in 48 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 Great Falls added 85 new listings against 65 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +2.2% 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 Great Falls varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Great Falls
There are currently 195 homes listed for sale in Great Falls, Montana. The median listing price is $369K. Featured listings range from $159,000 to $840,000.
New Listing
40
$230,000
1626 8th Ave N
Great Falls, MT 59401
2 bd2 ba1,173 sqft$196/ft²
House7,492 sqft lot
Ashley Friesen · Threshold Real Estate, Inc
View photos & details
New Listing
28
$319,000
4016 4th Ave N
Great Falls, MT 59405
3 bd1 ba910 sqft$351/ft²
House7,492 sqft lot
Danette Sukut · Coldwell Banker The Falls
View photos & details
New Listing
39
$385,000
236 18th Ave NW
Great Falls, MT 59404
5 bd3 ba2,080 sqft$185/ft²
House8,407 sqft lot
Danette Sukut · Coldwell Banker The Falls
View photos & details
New Listing
67
$389,500
3817 8th Ave S
Great Falls, MT 59405
5 bd3 ba2,380 sqft$164/ft²
House9,017 sqft lot
Jody Jakes · RE/MAX of Great Falls
View photos & details
New Listing
52
$437,000
1917 1st Ave S
Great Falls, MT 59401
5 bd2 ba3,156 sqft$138/ft²
House7,492 sqft lot
Paula Brandon Fry · Dahlquist Realtors
View photos & details
New Listing
44
$439,000
1908 Sun River Rd
Great Falls, MT 59404
3 bd4 ba2,352 sqft$187/ft²
House11,151 sqft lot
Bob Sechena · Abode Realty
View photos & details
New Listing
67
$502,215
2215 13th St SW
Great Falls, MT 59404
6 bd3 ba2,702 sqft$186/ft²
House9,583 sqft lot
Sharon Virgin · Dustin Young and Company
View photos & details
New Listing
61
$520,000
137 Marillyn Dr
Great Falls, MT 59405
4 bd3 ba2,464 sqft$211/ft²
House13,329 sqft lot
Gena Gremaux · Ridgeline Real Estate
View photos & details
New Listing
43
$659,000
501 Deer Dr
Great Falls, MT 59404
5 bd3 ba4,004 sqft$165/ft²
House10,498 sqft lot
Paula Brandon Fry · Dahlquist Realtors
View photos & details
New Listing
7
$799,900
16 Bend Park Rd
Great Falls, MT 59404
4 bd3 ba2,915 sqft$274/ft²
House1.41 acres
Marie Willson · HomeSmart Realty Partners
View photos & details
New Listing
21
$840,000
84 Tumbleweed Ln
Great Falls, MT 59404
Land20.40 acres
Lynn Kenyon · Live in Montana Real Estate
View photos & details
Looking to buy in Great Falls?
Get connected with a local real estate expert — free, no obligation.
Active listings
195
Homes on market
Median list price
$369K
Avg. days on market
48
Days until sale
New this week
85
Newly listed
Price drops:22.6%of listings
How much do homes cost in Great Falls by property type?
How the Great Falls, 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 | $329,000 | $184/sq ft | 57 | 49 days |
| Condo / co-op | $370,000 | $199/sq ft | 6 | 41 days |
| Townhouse | $283,000 | $129/sq ft | 4 | 156 days |
Who lives in Great Falls?
American Community Survey estimates for Great Falls. U.S. Census ACS, 2023
Population
60,412
Households
26,010
Median income
$63,934/yr
Median age
39.3 years
Owner-occupied
68.4%
Median home value
$237,400
Median gross rent
$866/mo
Mean commute
14.7 min
68.4% of occupied homes in Great Falls 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 $237,400 against Zillow's $340,160 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $866/mo, below Zillow's $1,374/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Great Falls?
22 schools tracked · 10,018 students
The largest public schools serving Great Falls, 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.
Great Falls High School
Grades 9-12 · 1,612 students
C M Russell High School
Grades 9-12 · 1,452 students
East Middle School
Grades 7-8 · 773 students
North Middle School
Grades 7-8 · 720 students
Meadow Lark School
Grades PK-6 · 531 students
West Elementary
Grades PK-6 · 463 students
Riverview School
Grades PK-6 · 449 students
Giant Springs Elementary
Grades PK-6 · 439 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 Great Falls, MT?
Ordered by distance from Great Falls, not by size. Compare Great Falls side by side with any of them.
Which ZIP codes are in Great Falls?
These are the ZIP codes we see on active Great Falls listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Great Falls housing market FAQ
Is Great Falls a buyer's or seller's market?
Great Falls, MT is currently a balanced market. That read comes from 3.0 months of supply, homes going under contract in about 48 days in the last month Redfin published (May 2026).
How much do homes cost in Great Falls?
The typical home in Great Falls, MT is worth $340,160 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $330,000, about $185 per square foot.
Is Great Falls cheaper than the rest of Montana?
Great Falls's median sale price of $330,000 is 38% lower than the Montana statewide median of $528,600, and 20% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Great Falls?
Homes in Great Falls, MT spent a median of 48 days on market before going under contract, versus 69 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Great Falls?
At the current 30-year fixed rate of 7.03%, 20% down on a $340,160 home is about $1,816 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $77,827 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $63,934.
Are home prices rising in Great Falls?
The typical home value in Great Falls, MT rose 2.2% over the last 12 months, from $332,859 to $340,160 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Great Falls?
Great Falls 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 Great Falls?
That depends on your timeline, not on a headline. What the data says today: Great Falls, MT is a balanced market with 3.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 20.6x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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