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Featured local agent — Red Lodge, MT
Sarah Mitchell
Compass Real Estate · Red Lodge, MT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Red Lodge, MT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$899,900median sale price
How is the Red Lodge, MT housing market right now?
The median home sale price in Red Lodge, MT is $899,900, up 100.5% year-over-year. Homes sell in an average of 64 days with 51 active listings. The market is currently a buyer'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 Red Lodge a buyer's or seller's market?
Red Lodge, MT is currently a buyer's market, based on 17.0 months of supply and homes selling in about 64 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
64
Average pace
Active listings
51
17.0 months supply
Sale-to-list
—
Below asking
What does the Red Lodge housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $899,900 |
| Median list price | $624,950 |
| Year-over-year price change | +100.5% |
| Average days on market | 64 days |
| Active inventory | 51 listings |
| Months of supply | 17.0 months |
| Median price per sq ft | $377/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 20 |
| Listings with a price cut | 11.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Red Lodge by property type?
How the Red Lodge, 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 | $899,900 | $377/sq ft | 3 | 64 days |
| Townhouse | $565,900 | $477/sq ft | 1 | 1547 days |
Source: Redfin · Updated monthly
The Red Lodge housing market is currently classified as a buyer's market with a median sale price of $899,900. Prices have risen 100.5% compared to last year, with homes spending an average of 64 days on market, indicating 17.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 12.3x provides context for how home values compare to local earning capacity.
Homes for sale in Red Lodge
There are currently 51 homes listed for sale in Red Lodge, Montana. The median listing price is $625K.
Active listings
51
Homes on market
Median list price
$625K
Avg. days on market
64
Days until sale
New this week
20
Newly listed
Who lives in Red Lodge?
Population
2,399
Median income
$43,857/yr
Median age
57.9 years
Owner-occupied
60.4%
College grads
44.7%
Avg commute
15.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Red Lodge?
Zillow home value
$539,032
Price-to-income
12.3x
Source: Zillow Research
What is it like to live in Red Lodge?
Red Lodge is a community of approximately 2K residents with a median age of 57.9 years.The median household income is $43,857, which represents a working-class community with solid middle-income opportunities. 44.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 60.4%, showing a blend of owner and renter-occupied properties. The average commute time is 15.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Red Lodge offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Red Lodge?
3 schools tracked · 493 students
The largest public schools serving Red Lodge, 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.
Mountain View School
Grades PK-5 · 194 students
Red Lodge High School
Grades 9-12 · 176 students
Roosevelt Junior High
Grades 6-8 · 123 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 Red Lodge, MT?
Want a head-to-head view? Compare Red Lodge side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Red Lodge?
The median home sale price in Red Lodge is $899,900, up 100.5% from last year.
How long do homes stay on market in Red Lodge?
Homes typically spend 64 days on market before going under contract.
What is the median income in Red Lodge?
The median household income is $43,857 per year.
Is Red Lodge a buyer's or seller's market?
With 17.0 months of supply, Red Lodge is currently a buyer's market.
What is the Zillow home value estimate for Red Lodge?
The Zillow Home Value Index (ZHVI) for Red Lodge is $539,032, representing the typical home value in the area.
How much does a single-family home cost in Red Lodge?
The median single-family home price in Red Lodge, MT is $899,900 (about $377 per square foot).
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