Top Medium Teams in Montana – Ranked by Sides

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    • Rank – State SidesTeam NameCompanyLocationSidesProfile
    1Jason Baker Team-Rise RealtyRise RealtyMissoula, MT 124.5View Profile
    2The Hertz TeamERA Lambros Real EstateMissoula, MT 123.0View Profile
    7Five Talents Realty GroupKeller WilliamsGreat Falls, MT 62.5View Profile

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    2023 Montana Housing Market Summary

    Montana started 2023 with a total of 2,124 single-family homes on the market, with a median home price of $670,000 and an average price per square foot of $429. By the end of the year, inventory had increased to 2,428 homes on the market (+14%), with a median home price of $685,000 (+2%) and an average price per square foot of $443 (+3%).

    At the start of 2023, the median days on market (DOM) was 98 days – by the end of the year, median DOM had increased to 105 days.

    Montana started the year with 28% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 29% of Montana homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Montana started 2023 as a seller’s market, with an MAI score of 40; by the end of the year, the MAI had dropped to 30 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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