Billings Housing Market Report May 2025•Yellowstone County, Montana

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Housing Prices in Billings, MT

How much do homes in Billings, MT cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$397,250$195/SqFt
-$30,250
-7.1%

Based on all homes listed in May 2025

Insight

The list price of homes in Billings has decreased by 7.1% since April.

Summary: The median home list price in Billings was $397,250 in May 2025, down 7.1% from the previous month, and the median price per square foot was $195.

Median List Price By Cities

Median List Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Northwest Yellowstone
+31.2%
Billings
-7.1%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2025May 2025Change MoM
1$535K$535K
0.0%
2$147.5K$220K
+49.2%
3$350K$342.5K
-2.1%
4$560K$395K
-29.5%
5$750K$750K
0.0%

Summary: Billings housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +49.2%. The home price for 3 bedroom homes decreased by -2.1%. The home price for 4 bedroom homes decreased by -29.5%. The home price for 5 bedroom homes did not change.

How does Billings, MT compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Billings, MT

Housing supply in Billings, MT

How many homes are available in Billings, MT?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
28Last MonthMay 2025
222 months agoApr 2025
+27.3 %
Change MoMApr – May

Summary: The Billings real estate market had 28 homes for sale in May 2025, a 27.3 % increase compared to Apr 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
111
0.0%
225
+150.0%
378
+14.3%
479
+28.6%
555
0.0%

Summary: Billings housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +150.0%. The inventory for 3 bedroom homes increased by +14.3%. The inventory for 4 bedroom homes increased by +28.6%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Billings, MT cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price3 Homes

Under Asking Price2 Homes

Insight

If you're buying a home in Billings, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Billings in May 2025, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and and 17% were sold over asking.

Days on Market for Billings, MT

How long does it take to sell a home in Billings, MT?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days3 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in Billings has remained consistent over time.

Summary: During May 2025, 6 homes were sold in Billings; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
88 DaysLast MonthMay 2025
105 Days1 month agoApr 2025
-16.4 %
Change MoMApr – May

Summary: Homes in Billings had an average listing age of 88 days in May 2025, down by 16.4% compared to the previous month.

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Newest Listings in Billings, MT

What homes are available in Billings, MT?

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Nearby markets

Nearby markets aren't available for Billings, MT

Popular Cities with Homes for Sale in Montana

MLS Disclaimers and Copyright

Based on information from Montana Regional MLS, and Big Sky Country MLS for the period 04/01/2025 - 06/01/2025

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2025 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/22/2025, 12:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/22/2025, 12:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.