19
$59,000
2224 Highway 87 E # 227
Lockwood, MT 59101
3 bd2 ba1,216 sqft$49/ft²
Mobile home
Hannah Reno · Keller Williams Yellowstone Properties
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Compass Real Estate · Lockwood, MT
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Lockwood, MT(512) 555-0184TX License #0512847
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Lockwood, MT Housing Market & Real Estate
Seller's market-5.1% YoY
Housing market overview · Updated monthly ·
$350,000median sale price
How is the Lockwood, MT housing market right now?
The median home sale price in Lockwood, MT is $350,000, down 5.1% year-over-year. Homes sell in an average of 45 days with 14 active listings. The market is currently a seller's market. (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 Lockwood a buyer's or seller's market?
Seller's market2.0 months of supply45 avg. days on market
Lockwood, MT is currently a seller's market, based on 2.0 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
45
Average pace
Active listings
14
2.0 months supply
Sale-to-list
—
Below asking
What does the Lockwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $350,000 |
| Median list price | $477,000 |
| Year-over-year price change | -5.1% |
| Average days on market | 45 days |
| Active inventory | 14 listings |
| Months of supply | 2.0 months |
| Median price per sq ft | $176/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 4 |
| Listings with a price cut | 35.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lockwood by property type?
How the Lockwood, 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 | $350,000 | $176/sq ft | 7 | 45 days |
Source: Redfin · Updated monthly
The Lockwood housing market is currently classified as a seller's market with a median sale price of $350,000. Prices have fallen 5.1% compared to last year, with homes spending an average of 45 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lockwood
There are currently 14 homes listed for sale in Lockwood, Montana. The median listing price is $477K. Featured listings range from $59,000 to $679,000.
11
$69,000
3808 Dylan Dr Lot 44
Lockwood, MT 59101
Land25,909 sqft lot
Kim Edinger · Meridian Real Estate LLC
View photos & details
Price Drop −$3K
20
$71,900
2224 US Highway 87 E Trlr 177
Lockwood, MT 59101
3 bd2 ba1,216 sqft$59/ft²
Mobile home
Danny Hawbaker · eXp Realty, LLC - Billings
View photos & details
31
$87,000
2224 US Highway 87 E Trlr 165
Lockwood, MT 59101
3 bd2 ba1,560 sqft$56/ft²
Mobile home
Shay Grinsell · Keller Williams Yellowstone Properties
View photos & details
36
$319,900
3440 Tigard Ave
Lockwood, MT 59101
3 bd2 ba1,416 sqft$226/ft²
Mobile home13,508 sqft lot
Shelly Harris · 406 Realty Group, LLC
View photos & details
22
$339,900
3531 Kingswood Dr
Lockwood, MT 59101
3 bd1 ba2,016 sqft$169/ft²
House10,376 sqft lot
Kim Gottwals · Berkshire Hathaway HS Floberg
View photos & details
23
$350,000
919 Rochester Dr
Lockwood, MT 59101
4 bd2 ba1,888 sqft$185/ft²
House19,994 sqft lot
Amber Uhren · Realty Billings
View photos & details
33
$375,000
4560 N Pine Hills Rd
Lockwood, MT 59101
3 bd2 ba2,400 sqft$156/ft²
House10.00 acres
Tiffanie Jones · Keller Williams Yellowstone Properties
View photos & details
34
$539,000
3335 San Marino Dr
Lockwood, MT 59101
6 bd3 ba2,896 sqft$186/ft²
House23,457 sqft lot
Brian Huskey · ERA American Real Estate
View photos & details
New Listing
36
$549,000
1240 Maxer Dr
Lockwood, MT 59101
4 bd4 ba2,236 sqft$246/ft²
House20,909 sqft lot
Tammie Hoelle · Epique, Inc., DBA Epique Realty
View photos & details
New Build
36
$649,900
465 Sunlight Cir
Lockwood, MT 59101
3 bd2 ba3,952 sqft$164/ft²
House22,695 sqft lot
Laura Scheetz · Real Estate Hub LLLP
View photos & details
New Listing
33
$679,000
3824 Dylan Dr
Lockwood, MT 59101
5 bd4 ba3,288 sqft$207/ft²
House21,828 sqft lot
Kim Edinger · Meridian Real Estate LLC
View photos & details
Looking to buy in Lockwood?
Get connected with a local real estate expert — free, no obligation.
Active listings
14
Homes on market
Median list price
$477K
Avg. days on market
45
Days until sale
New this week
4
Newly listed
Price drops:35.7%of listings
Who lives in Lockwood?
Population
7,474
Median income
$74,451/yr
Median age
36.1 years
Owner-occupied
78.7%
College grads
14.7%
Avg commute
22.1 min
Source: U.S. Census Bureau ACS
What is it like to live in Lockwood?
Lockwood is a community of approximately 7K residents with a median age of 36.1 years.The median household income is $74,451, which represents a working-class community with solid middle-income opportunities. 14.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lockwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lockwood?
4 schools tracked · 1,683 students
The largest public schools serving Lockwood, 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.
Lockwood High School
Grades 9-12 · 556 students
Lockwood Middle School
Grades 6-8 · 401 students
Lockwood Primary
Grades PK-2 · 387 students
Lockwood Intermediate
Grades 3-5 · 339 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 Lockwood, MT?
Want a head-to-head view? Compare Lockwood side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Lockwood?
Frequently asked questions
What is the average home price in Lockwood?
The median home sale price in Lockwood is $350,000, down 5.1% from last year.
How long do homes stay on market in Lockwood?
Homes typically spend 45 days on market before going under contract.
What is the median income in Lockwood?
The median household income is $74,451 per year.
Is Lockwood a buyer's or seller's market?
With 2.0 months of supply, Lockwood is currently a seller's market.
How many homes are for sale in Lockwood?
There are currently 14 homes listed for sale in Lockwood, MT.
How much does a single-family home cost in Lockwood?
The median single-family home price in Lockwood, MT is $350,000 (about $176 per square foot).
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