River Road Housing Market Report April 2025•Missoula County, Montana

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Housing Prices in River Road, MT

How much do homes in River Road, MT cost?

Housing Market Conditions

Is River Road, 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

River Road is a Seller's Market

Difference Since April 2024

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

Insight

River Road 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.
$465,000$314/SqFt
+$26,000
+5.9%

Based on all homes sold in the last 12 months

Insight

Homes in River Road have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in River Road was $465,000 in April 2025, up 5.9% from last year, and the median price per square foot was $314.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
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
Riverfront
+12.0%
River Road
+5.9%
Franklin to the Fort
+5.5%
Captain John Mullan
+4.5%

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.
BedsApr 2024Apr 2025Change YoY
1--
N/A
2$403.1K$417.5K
+3.6%
3$462.5K$449K
-2.9%
4$550K$520K
-5.5%
5-$812K
N/A

Summary: River Road housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +3.6%. The home price for 3 bedroom homes decreased by -2.9%. The home price for 4 bedroom homes decreased by -5.5%. The home price for 5 bedroom homes did not change.

How does River Road, MT compare with other places?

Market comparison tool

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

River Road, MT

Housing supply in River Road, MT

How many homes are available in River Road, 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
12Last MonthApr 2025
102 months agoMar 2025
+20.0 %
Change MoMMar – Apr

Summary: The River Road real estate market had 12 homes for sale in Apr 2025, a 20.0 % increase compared to Mar 2025.

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
3Last MonthApr 2025
32 months agoMar 2025
0.0 %
Change MoMMar – Apr

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.
BedsMar 2025Apr 2025Change MoM
100
0.0%
211
0.0%
378
+14.3%
422
0.0%
501
+100.0%

Summary: River Road housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +14.3%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in River Road, 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 Price0 Home

At Asking Price1 Home

Under Asking Price2 Homes

Insight

If you're buying a home in River Road, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in River Road in April 2025, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and and 0% were sold over asking.

Days on Market for River Road, MT

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in River Road has remained consistent over time.

Summary: During April 2025, 3 homes were sold in River Road; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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
80 DaysThis YearApr 2025
28 Days1 year agoApr 2024
+188.1 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in River Road had an average listing age of 80 days in Apr 2025, up by 188.1% compared to the previous year.

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Newest Listings in River Road, MT

What homes are available in River Road, MT?

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MLS Disclaimers and Copyright

Based on information from Montana Regional MLS, for the period 05/01/2023 - 05/01/2025

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: 6/1/2025, 1:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.