Great Falls Housing Market Report January 2025•Cascade County, Montana

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Housing Prices in Great Falls, MT

How much do homes in Great Falls, MT cost?

Housing Market Conditions

Is Great Falls, MT a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Great Falls is a Seller's Market

Difference Since January 2024

Since last year, Great Falls has remained a Seller's Market.

Insight

Great Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$325,000$175/SqFt
+$14,876
+4.8%

Based on all homes sold in the last 12 months

Insight

Homes in Great Falls have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Great Falls was $325,000 in January 2025, up 4.8% from last year, and the median price per square foot was $175.

Median Sold Price By Cities

Median Sold 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 YoY
Great Falls North
+23.3%
Great Falls
+4.8%

Median Sold Price By Bedrooms

Median Sold 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.
BedsJan 2024Jan 2025Change YoY
1$147.9K$129K
-12.8%
2$219K$227.5K
+3.9%
3$289.5K$317K
+9.5%
4$335K$354K
+5.7%
5$415K$500K
+20.5%

Summary: Great Falls housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -12.8%. The home price for 2 bedroom homes increased by +3.9%. The home price for 3 bedroom homes increased by +9.5%. The home price for 4 bedroom homes increased by +5.7%. The home price for 5 bedroom homes increased by +20.5%.

Housing supply in Great Falls, MT

How many homes are available in Great Falls, 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
212Last MonthJan 2025
2402 months agoDec 2024
-11.7 %
Change MoMDec – Jan

Summary: The Great Falls real estate market had 212 homes for sale in Jan 2025, a 11.7 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
50Last MonthJan 2025
792 months agoDec 2024
-36.7 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
1105
-50.0%
24635
-23.9%
37576
+1.3%
46349
-22.2%
54647
+2.2%

Summary: Great Falls housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes decreased by -23.9%. The inventory for 3 bedroom homes increased by +1.3%. The inventory for 4 bedroom homes decreased by -22.2%. The inventory for 5 bedroom homes increased by +2.2%.

Asking Price vs. Sold Price

How much do homes in Great Falls, 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 Price12 Homes

At Asking Price19 Homes

Under Asking Price19 Homes

Insight

If you're buying a home in Great Falls, you may be able to get a good deal. 38% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in Great Falls in January 2025, down by 36.7% month-over-month. Of the 50 sold homes, 38% were sold under asking, 38% were sold at asking, and and 24% were sold over asking.

Days on Market for Great Falls, MT

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

Breakdown of Home Sale Times

Under 30 Days14 Homes

30 – 90 Days18 Homes

Over 90 Days18 Homes

Insight

Avg time on Rocket Homes in Great Falls has remained consistent over time.

Summary: During January 2025, 50 homes were sold in Great Falls; 28% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
73 DaysThis YearJan 2025
59 Days1 year agoJan 2024
+23.0 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Great Falls had an average listing age of 73 days in Jan 2025, up by 23.0% compared to the previous year.

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Newest Listings in Great Falls, MT

What homes are available in Great Falls, MT?

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Nearby markets

Nearby markets aren't available for Great Falls, 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 02/01/2023 - 02/01/2025

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: 2/21/2025, 5:20:53 PM 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: 2/21/2025, 5:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.