Missoula Housing Market Report December 2024•Missoula County, Montana

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Housing Prices in Missoula, MT

How much do homes in Missoula, MT cost?

Housing Market Conditions

Is Missoula, 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

Missoula is a Seller's Market

Difference Since December 2023

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

Insight

Missoula 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.
$554,803$307/SqFt
+$16,952
+3.2%

Based on all homes sold in the last 12 months

Insight

Homes in Missoula have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Missoula was $554,803 in December 2024, up 3.2% from last year, and the median price per square foot was $307.

Median Sold Price By City

Median Sold Price By City
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
Frenchtown-Wye
+6.2%
Missoula
+3.2%
Lolo
-0.2%

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.
BedsDec 2023Dec 2024Change YoY
1$270K$350.2K
+29.7%
2$379K$394K
+4.0%
3$525.2K$540K
+2.8%
4$665K$685.9K
+3.1%
5$750K$800K
+6.7%

Summary: Missoula housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +29.7%. The home price for 2 bedroom homes increased by +4.0%. The home price for 3 bedroom homes increased by +2.8%. The home price for 4 bedroom homes increased by +3.1%. The home price for 5 bedroom homes increased by +6.7%.

Housing supply in Missoula, MT

How many homes are available in Missoula, 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
345Last MonthDec 2024
3662 months agoNov 2024
-5.7 %
Change MoMNov – Dec

Summary: The Missoula real estate market had 345 homes for sale in Dec 2024, a 5.7 % decrease compared to Nov 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
75Last MonthDec 2024
612 months agoNov 2024
+23.0 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
11719
+11.8%
27471
-4.1%
3141128
-9.2%
48174
-8.6%
55353
0.0%

Summary: Missoula housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +11.8%. The inventory for 2 bedroom homes decreased by -4.1%. The inventory for 3 bedroom homes decreased by -9.2%. The inventory for 4 bedroom homes decreased by -8.6%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Missoula, 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 Price13 Homes

At Asking Price13 Homes

Under Asking Price49 Homes

Insight

If you're buying a home in Missoula, you may be able to get a good deal. 65.3% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in Missoula in December 2024, up by 23.0% month-over-month. Of the 75 sold homes, 65% were sold under asking, 17% were sold at asking, and and 17% were sold over asking.

Days on Market for Missoula, MT

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

Breakdown of Home Sale Times

Under 30 Days13 Homes

30 – 90 Days36 Homes

Over 90 Days26 Homes

Insight

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

Summary: During December 2024, 75 homes were sold in Missoula; 17% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 35% 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
78 DaysThis YearDec 2024
66 Days1 year agoDec 2023
+17.5 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Missoula had an average listing age of 78 days in Dec 2024, up by 17.5% compared to the previous year.

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Newest Listings in Missoula, MT

What homes are available in Missoula, MT?

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Nearby markets

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 01/01/2023 - 01/01/2025

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: 1/17/2025, 10:21:01 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: 1/17/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.