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Sarah Mitchell

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Compass Real Estate · Missoula, MT

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Missoula, MT(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Missoula, MT Housing Market

Balanced market-0.0% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly

The typical home in Missoula, MT is worth $568,490, held roughly flat 0.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $527,000, +0.4% year over year (through May 2026). With 3.4 months of supply and homes going under contract in about 57 days, Missoula is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $568,490 home is about $3,035/mo in principal and interest.

Key numbers for Missoula, MT

Typical home value

$568,490

-0.0% in 12 months

Zillow, August 2026

Typical asking rent

$1,537/mo

Zillow Observed Rent Index

Zillow, August 2026

Median sale price

$527,000

+0.4% year over year

Redfin, through May 2026

Days on market

57

Average pace

Redfin, through May 2026

Active listings

333

3.4 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

$65,329

Home costs 8.7x 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 Missoula a buyer's or seller's market?

Balanced market3.4 months of supply57 days on market

Missoula, MT is a balanced market, based on 3.4 months of supply and homes selling in about 57 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 Missoula housing market data show?

Every row below is Redfin's final published month for Missoula, MT. Redfin, through May 2026

Housing market statistics for Missoula, MT, Redfin through May 2026
MetricValue
Median sale price$527,000
Median list price$640,000
Year-over-year price change+0.4%
Median price per sq ft$320/sq ft
Median days on market57 days
Active inventory333 listings
Months of supply3.4 months
Homes sold (that month)98
New listings (that month)103
Listings with a price cut23.7%
Market conditionBalanced 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 Missoula is frozen at May 2026.
Typical home value (ZHVI)
Zillow's estimate of what a mid-market home in Missoula 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 Missoula home prices moved?

Over the last three years the median sale price in Missoula, MT fell 10.3%, from $587,400 to $527,000. The live Zillow value series has held roughly flat 0.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 23.7% of Missoula 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 Missoula?

Priced off the typical home value of $568,490 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.

Monthly principal and interest by down payment in Missoula, MT
Down paymentCash at closeLoan amountMonthly P&I
20%$113,698$454,792$3,035/mo
5%$28,425$540,066$3,604/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 $3,035, that implies roughly $130,068 a year before you add taxes and insurance. The median household in Missoula earns $65,329, about $64,739 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 8.7x — 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 Missoula in the next 12 months?

Tell us your timeline. We send the Missoula market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.

No spam, no reselling your details. Market data on this site is informational and is not financial, investment, or real estate advice.

Is it cheaper to rent or buy in Missoula?

Typical asking rent in Missoula, MT is $1,537/mo, against a typical home value of $568,490. That is a price-to-rent ratio of 30.8x, 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 $3,035 a month — $1,498 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 Missoula?

Active listings in Missoula, MT went from 336 in May 2025 to 333 in May 2026, a -0.9% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.

Active listings by month in Missoula, MT
MonthActive listingsNew listings
June 2025367144
July 2025387128
August 2025400114
September 202537074
October 202535472
November 202530540
December 202525430
January 202625479
February 202626582
March 2026289101
April 2026331128
May 2026333103

Redfin, through May 2026

How does Missoula compare to Montana and the U.S.?

Missoula homes sell for $527,000 — 0% below the Montana median of $528,600. Against the national median of $410,700, Missoula runs 28% higher. Year-over-year, Missoula moved +0.4% against Montana's +1.5% — a smaller swing than the state as a whole.

Missoula, MT compared with Montana and the United States
MarketMedian sale priceYoYDays on market
Missoula, MT$527,000+0.4%57 days
Montana statewide$528,600+1.5%69 days
United States$410,700not publishednot 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 Missoula

What buyers should watch

  • Months of supply, currently 3.4. 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 23.7%. 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 $569 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 $568,490 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 Missoula listing goes under contract in 57 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 Missoula added 103 new listings against 98 sales — more competition arriving than clearing, so early timing matters.
  • Your equity moved -0.0% 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 Missoula varies more than the citywide median suggests — check the ZIP pages below before you set a number.

Homes for sale in Missoula

There are currently 333 homes listed for sale in Missoula, Montana. The median listing price is $640K. Featured listings range from $249,000 to $8,999,995.

land for sale at 7130 Buckhorn Ln Missoula - $249,000
$249,000

7130 Buckhorn Ln

Missoula, MT

Land27,878 sqft lot
View photos & details
3 bedroom house for sale at 907 Defoe St Missoula - $469,000
$469,000

907 Defoe St

Missoula, MT

3 bd2 ba1,200 sqft$391/ft²
House3,920 sqft lot
View photos & details
3 bedroom house for sale at 1802 S 12th St W Missoula - $500,000
$500,000

1802 S 12th St W

Missoula, MT

3 bd2 ba2,372 sqft$211/ft²
House4,008 sqft lot
View photos & details
3 bedroom house for sale at 6200 Linda Vista Blvd Missoula - $575,000
$575,000

6200 Linda Vista Blvd

Missoula, MT

3 bd3 ba1,924 sqft$299/ft²
House24,655 sqft lot
View photos & details
4 bedroom house for sale at 405 W Central Ave Missoula - $589,000
$589,000

405 W Central Ave

Missoula, MT

4 bd2 ba1,558 sqft$378/ft²
House7,187 sqft lot
View photos & details
3 bedroom townhouse for sale at 4045 Valley View Ct Unit A Missoula - $589,900
$589,900

4045 Valley View Ct Unit A

Missoula, MT

3 bd2 ba1,666 sqft$354/ft²
Townhouse1,655 sqft lot
View photos & details
5 bedroom house for sale at 2309 Cloverdale Dr Missoula - $715,000
$715,000

2309 Cloverdale Dr

Missoula, MT

5 bd4 ba2,856 sqft$250/ft²
House13,983 sqft lot
View photos & details
4 bedroom house for sale at 6971 Shaver Dr Missoula - $739,000
$739,000

6971 Shaver Dr

Missoula, MT

4 bd2 ba3,344 sqft$221/ft²
House13,024 sqft lot
View photos & details
4 bedroom house for sale at 7830 Parker Lee Ct Missoula - $805,000
$805,000

7830 Parker Lee Ct

Missoula, MT

4 bd3 ba2,293 sqft$351/ft²
House8,712 sqft lot
View photos & details
multi-family for sale at 2750 Riata Rd Unit A Missoula - $1,380,000
$1,380,000

2750 Riata Rd Unit A

Missoula, MT

Multi-family10,672 sqft lot
View photos & details
4 bedroom house for sale at 7229 Russian Joe Rd Missoula - $2,700,000
$2,700,000

7229 Russian Joe Rd

Missoula, MT

4 bd3 ba4,608 sqft$586/ft²
House4.51 acres
View photos & details
5 bedroom house for sale at 2722 Contour Rd Missoula - $8,999,995
$8,999,995

2722 Contour Rd

Missoula, MT

5 bd7 ba9,065 sqft$993/ft²
House10.53 acres
View photos & details

Looking to buy in Missoula?

Get connected with a local real estate expert — free, no obligation.

Active listings

333

Homes on market

Median list price

$640K

Avg. days on market

57

Days until sale

New this week

103

Newly listed

Price drops:23.7%of listings

How much do homes cost in Missoula by property type?

How the Missoula, MT market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026

Median price, price per square foot, homes sold and days on market by property type in Missoula, MT
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$569,000$330/sq ft6950 days
Condo / co-op$384,500$315/sq ft14136 days
Townhouse$474,500$300/sq ft1485 days

Who lives in Missoula?

American Community Survey estimates for Missoula. U.S. Census ACS, 2023

Population

75,600

Households

33,958

Median income

$65,329/yr

Median age

34.3 years

Owner-occupied

47.8%

Median home value

$427,400

Median gross rent

$1,120/mo

Mean commute

16.6 min

47.8% of occupied homes in Missoula 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 $427,400 against Zillow's $568,490 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 $1,120/mo, below Zillow's $1,537/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.

Which public schools serve Missoula?

23 schools tracked · 11,235 students

The largest public schools serving Missoula, 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.

Sentinel High School

Grades 9-12 · 1,386 students

Charter

Hellgate High School

Grades 9-12 · 1,312 students

Charter

Big Sky High School

Grades 9-12 · 1,227 students

Charter

Washington Middle School

Grades 6-8 · 682 students

Charter

Porter Middle School

Grades 6-8 · 590 students

Charter

Hellgate El Intermediate

Grades 4-6 · 525 students

Charter

Jeannette Rankin El

Grades PK-5 · 463 students

Charter

Lewis & Clark School

Grades PK-5 · 423 students

Charter

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 Missoula, MT?

Ordered by distance from Missoula, not by size. Compare Missoula side by side with any of them.

Missoula housing market FAQ

Is Missoula a buyer's or seller's market?

Missoula, MT is currently a balanced market. That read comes from 3.4 months of supply, homes going under contract in about 57 days in the last month Redfin published (May 2026).

How much do homes cost in Missoula?

The typical home in Missoula, MT is worth $568,490 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $527,000, about $320 per square foot.

Is Missoula cheaper than the rest of Montana?

Missoula's median sale price of $527,000 is 0% lower than the Montana statewide median of $528,600, and 28% above the U.S. median of $410,700. Both figures are for the same period.

How long do homes take to sell in Missoula?

Homes in Missoula, MT spent a median of 57 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 Missoula?

At the current 30-year fixed rate of 7.03%, 20% down on a $568,490 home is about $3,035 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $130,068 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $65,329.

Are home prices rising in Missoula?

The typical home value in Missoula, MT held roughly flat 0.0% over the last 12 months, from $568,755 to $568,490 (Zillow, August 2026). This is the live series — it refreshes monthly.

What are the cheapest ZIP codes in Missoula?

Missoula 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 Missoula?

That depends on your timeline, not on a headline. What the data says today: Missoula, MT is a balanced market with 3.4 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 30.8x 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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No spam, no reselling your details. Market data on this site is informational and is not financial, investment, or real estate advice.