Condos for Sale in Billings, MT: Prices, HOA Reserves and Financing (2026)

Last reviewed and updated October 21, 2026

What do condos cost in Billings, Montana? Billings condos sold for a median $236,500 across 66 closed sales from October 1, 2025 through September 30, 2026, according to Billings MLS data, the lowest median of any Billings property type. See the condos for sale in Billings right now.

I'm Gene Hauck, a Real Estate Broker and REALTOR® with The Morales Group at Engel & Völkers Billings. This page is written for the two groups I work with most, people relocating to Billings and residential investors, because both need the same condo documents checked before they offer.

Why are there so few condo sales in Billings?

Condos are a small share of the Billings market. The 66 condo sales sit against 2,020 closed residential sales with a Billings address over the same 12 months (Billings MLS), so fewer comparable sales exist when you price an offer. Ask for the condo sales in the same complex, not only the citywide median.

What should you check before buying a Billings condo?

• The HOA budget, reserves and minutes: thin reserves or talk of a roof or parking-lot project can mean a special assessment after you close.
• What the monthly dues cover: heat, water, sewer, trash, insurance and exterior maintenance vary by building. See HOA fees in Billings.
• The master insurance policy, so your own policy fills the right gap.
• Whether your loan type works for that complex: FHA and VA loans can require the condo project itself to be approved, so ask your lender early.
• Rental and short-term rental rules in the declaration and bylaws. See short-term rentals in Billings.

Are Billings condos a good fit for investors?

Whether a Billings condo works as a rental depends on rent minus dues, taxes, insurance and vacancy, and dues can erase the price advantage. Run the numbers the same way you would for a house: see how to analyze a Billings rental before you offer and the Billings rental market guide.

What else affects time on market?

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.

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.

Looking at a specific Billings condo?

Send me the address and I'll tell you which HOA documents to ask for first, or book a call. Relocating? Start with the Moving to Billings guide.

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.