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Featured local agent — Reed Point, MT
Sarah Mitchell
Compass Real Estate · Reed Point, MT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Reed Point, MT Housing Market
The typical home in Reed Point, MT is worth $545,549, rose 11.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $615,000 (through May 2026). With 2.0 months of supply and homes going under contract in about 133 days, Reed Point is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $545,549 home is about $2,912/mo in principal and interest.
Key numbers for Reed Point, MT
Typical home value
$545,549
+11.7% in 12 months
Zillow, August 2026
Median sale price
$615,000
Last published period
Redfin, through November 2025
Days on market
133
Slow-moving
Redfin, through November 2025
Active listings
2
2.0 months of supply
Redfin, through November 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$79,375
Home costs 6.9x 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 Reed Point a buyer's or seller's market?
Reed Point, MT is a balanced market, based on 2.0 months of supply and homes selling in about 133 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 Reed Point housing market data show?
Every row below is Redfin's final published month for Reed Point, MT. Redfin, through November 2025
| Metric | Value |
|---|---|
| Median sale price | $615,000 |
| Median list price | $625,000 |
| Median price per sq ft | $194/sq ft |
| Median days on market | 133 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| 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 Reed Point is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Reed Point 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 Reed Point home prices moved?
Across the 13 months we hold for Reed Point, MT, the median sale price rose 251.6%, from $174,900 in August 2021 to $615,000. The live Zillow value series has rose 11.7% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through November 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Reed Point?
Priced off the typical home value of $545,549 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% | $109,110 | $436,439 | $2,912/mo |
| 5% | $27,277 | $518,272 | $3,459/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 $2,912, that implies roughly $124,819 a year before you add taxes and insurance. The median household in Reed Point earns $79,375, about $45,444 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 6.9x — 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 Reed Point in the next 12 months?
Tell us your timeline. We send the Reed Point 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 Reed Point?
Zillow does not publish a rent index (ZORI) for Reed Point, MT, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Reed Point?
Active listings in Reed Point, MT went from 2 in August 2021 to 2 in November 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| August 2021 | 2 | 1 |
| September 2021 | 1 | not published |
| August 2022 | 1 | 1 |
| January 2025 | 1 | 1 |
| April 2025 | 2 | 2 |
| July 2025 | 3 | 1 |
| November 2025 | 2 | 1 |
Redfin, through November 2025
How does Reed Point compare to Montana and the U.S.?
Reed Point homes sell for $615,000 — 16% above the Montana median of $528,600. Against the national median of $410,700, Reed Point runs 50% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Reed Point, MT | $615,000 | not published | 133 days |
| Montana statewide | $528,600 | +1.5% | 69 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through November 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Reed Point
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $546 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 $545,549 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 Reed Point listing goes under contract in 133 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 Reed Point added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +11.7% 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 Reed Point varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Reed Point
There are currently 2 homes listed for sale in Reed Point, Montana. The median listing price is $625K.
Active listings
2
Homes on market
Median list price
$625K
Avg. days on market
133
Days until sale
New this week
1
Newly listed
How much do homes cost in Reed Point by property type?
How the Reed Point, MT market breaks down across single-family homes, condos and townhouses. Redfin, through November 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $615,000 | $194/sq ft | 1 | 133 days |
Who lives in Reed Point?
American Community Survey estimates for Reed Point. U.S. Census ACS, 2023
Population
113
Households
56
Median income
$79,375/yr
Median age
60.3 years
Owner-occupied
92.9%
Median home value
$137,500
Mean commute
24.1 min
92.9% of occupied homes in Reed Point 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 $137,500 against Zillow's $545,549 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Reed Point?
3 schools tracked · 56 students
The largest public schools serving Reed Point, 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.
Reed Point Elementary
Grades PK-6 · 27 students
Reed Point High School
Grades 9-12 · 16 students
Reed Point 7-8
Grades 7-8 · 13 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 Reed Point, MT?
Ordered by distance from Reed Point, not by size. Compare Reed Point side by side with any of them.
Reed Point housing market FAQ
Is Reed Point a buyer's or seller's market?
Reed Point, MT is currently a balanced market. That read comes from 2.0 months of supply, homes going under contract in about 133 days in the last month Redfin published (May 2026).
How much do homes cost in Reed Point?
The typical home in Reed Point, MT is worth $545,549 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $615,000, about $194 per square foot.
Is Reed Point cheaper than the rest of Montana?
Reed Point's median sale price of $615,000 is 16% higher than the Montana statewide median of $528,600, and 50% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Reed Point?
Homes in Reed Point, MT spent a median of 133 days on market before going under contract, versus 69 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Reed Point?
At the current 30-year fixed rate of 7.03%, 20% down on a $545,549 home is about $2,912 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $124,819 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $79,375.
Are home prices rising in Reed Point?
The typical home value in Reed Point, MT rose 11.7% over the last 12 months, from $488,229 to $545,549 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Reed Point?
Reed Point 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 Reed Point?
That depends on your timeline, not on a headline. What the data says today: Reed Point, MT is a balanced market with 2.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $545,549, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.