Billings, MT Homes for Sale Under $250,000: What the Numbers Say (2026)

by Gene Hauck

Last reviewed and updated October 21, 2026

What do Billings homes under $250,000 sell for compared with their list price? Billings homes under $250,000 sold at a median 94.1% of their original list price across 277 closed sales from October 1, 2025 through September 30, 2026, according to Billings MLS data, the furthest below original list of any price range. They sold in a median 30 days. See Billings homes for sale under $250,000 right now.

I'm Gene Hauck, a Real Estate Broker and REALTOR® with The Morales Group at Engel & Völkers Billings. Residential investors are one of the two groups I focus on, so this page reads this price range through an investor's lens.

What does 94.1% of list price mean for a buyer?

A median sale at 94.1% of original list means the asking price in this range is a weaker guide to value than it is higher up, where homes sold at 98.7% to 98.8% of original list (Billings MLS, October 2025 through September 2026). Price your offer from the condition and the comparable sales, not from the asking number.

What is in this price range?

This range mixes condos, older single-family homes and homes that need work. Condos alone had a Billings median of $236,500 across 66 sales, and South Billings, MLS area (04), had a median of $251,000 across 99 sales over the same 12 months (Billings MLS). Read each listing for the property type before you compare prices.

What should an investor check before offering under $250,000?

Rent, not price: estimate rent from comparable Billings rentals. See average rent in Billings and the Billings rental market guide.
Every recurring cost: taxes, insurance, vacancy, repairs, capital reserves and management. See how to analyze a Billings rental before you offer.
Condition items that move the numbers: roof, furnace, water heater, electrical panel and the sewer line. A sewer scope is cheap next to a line replacement.
Flip or hold: see flip or rental in Billings.
HOA rental rules if it is a condo or townhome. See condos for sale in Billings.

Is winter a better time to buy in this range?

Timing changes the picture. According to Billings MLS data, Billings homes sat a median 39 days on market from January through March 2026, against roughly 20 days from April through September 2026. Longer market times can mean more room to negotiate price and repairs.

Where can you browse Billings-area homes by town or ZIP code?

These pages show every current listing in one town or ZIP code: Billings, MT homes for sale, Laurel, MT homes for sale, Park City, MT homes for sale, Shepherd, MT homes for sale, and Billings ZIP codes 59101, 59102, 59105 and 59106.

Working on a Billings rental deal?

Start with the Billings real estate investing page, or send me the address and I'll run the numbers with you.

This page is general information, not tax, lending or investment advice.

Market figures: Billings MLS, closed residential sales with a Billings address, October 1, 2025 through September 30, 2026, as published in the Billings real estate market report. Listing links open the live search on this site and change daily.

Gene Hauck is a Real Estate Broker and REALTOR® with The Morales Group at Engel & Völkers Billings, 1921 1st Ave N, Billings, MT 59101. Montana license RRE-BRO-LIC-135399. 406-861-4844.