Red Lodge, MT Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Red Lodge, MT is $270,000, down 49.4% year-over-year. Homes sell in an average of 290 days with 28 active listings. The market is currently a buyer's market.
$270,000median sale price
Is Red Lodge a buyer's or seller's market?
Red Lodge, MT is currently a buyer's market, based on 9.3 months of supply and homes selling in about 290 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
290
Average pace
Active listings
28
9.3 months supply
Sale-to-list
—
Below asking
Red Lodge, MT market data
| Metric | Value |
|---|---|
| Median sale price | $270,000 |
| Median list price | $673,500 |
| Year-over-year price change | -49.4% |
| Average days on market | 290 days |
| Active inventory | 28 listings |
| Months of supply | 9.3 months |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Red Lodge housing market is currently classified as a buyer's market with a median sale price of $270,000. Prices have fallen 49.4% compared to last year, with homes spending an average of 290 days on market, indicating 9.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Red Lodge
There are currently 28 homes listed for sale in Red Lodge, Montana. The median listing price is $674K.
Active listings
28
Homes on market
Median list price
$674K
Avg. days on market
290
Days until sale
New this week
4
Newly listed
Explore nearby cities in MT
Frequently asked questions
What is the average home price in Red Lodge?
The median home sale price in Red Lodge is $270,000, down 49.4% from last year.
How long do homes stay on market in Red Lodge?
Homes typically spend 290 days on market before going under contract.
Is Red Lodge a buyer's or seller's market?
With 9.3 months of supply, Red Lodge is currently a buyer's market.
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