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Featured local agent — Shepherd, MT
Sarah Mitchell
Compass Real Estate · Shepherd, MT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Shepherd, MT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$575,000median sale price
How is the Shepherd, MT housing market right now?
The median home sale price in Shepherd, MT is $575,000. Homes sell in an average of 42 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of February 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Shepherd a buyer's or seller's market?
Shepherd, MT is currently a balanced market and homes selling in about 42 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
42
Average pace
Active listings
—
Sale-to-list
—
Below asking
What does the Shepherd housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $575,000 |
| Average days on market | 42 days |
| Median price per sq ft | $191/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Shepherd by property type?
How the Shepherd, 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 | $575,000 | $191/sq ft | 1 | 42 days |
Source: Redfin · Updated monthly
The Shepherd housing market is currently classified as a balanced market with a median sale price of $575,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 42 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Shepherd
Explore homes currently listed for sale in Shepherd, Montana across major real estate platforms.
Who lives in Shepherd?
Population
613
Median age
47.1 years
Owner-occupied
94.3%
College grads
26.2%
Avg commute
27.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Shepherd?
Zillow home value
$475,418
Source: Zillow Research
What is it like to live in Shepherd?
Shepherd is a community of approximately 1K residents with a median age of 47.1 years. 26.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 94.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Shepherd offers a distinctive character that appeals to different lifestyle preferences.
Which public schools serve Shepherd?
3 schools tracked · 815 students
The largest public schools serving Shepherd, 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.
Shepherd Elementary
Grades PK-5 · 371 students
Shepherd High School
Grades 9-12 · 244 students
Shepherd Middle School
Grades 6-8 · 200 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 Shepherd, MT?
Want a head-to-head view? Compare Shepherd side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Shepherd?
The median home sale price in Shepherd is $575,000, down 0.0% from last year.
How long do homes stay on market in Shepherd?
Homes typically spend 42 days on market before going under contract.
What is the Zillow home value estimate for Shepherd?
The Zillow Home Value Index (ZHVI) for Shepherd is $475,418, representing the typical home value in the area.
How much does a single-family home cost in Shepherd?
The median single-family home price in Shepherd, MT is $575,000 (about $191 per square foot).
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