Billings, MT Housing Market Snapshot
April 1 to September 28, 2026 · Source: Billings Multiple Listing Service · Last updated September 28, 2026
Homes in Billings sold for a median of $395,000 over the last six months, going under contract in a median of 21 days and closing at a median 98.9% of their original list price. There were 1,142 closed sales, 659 active listings and 223 homes under contract as of September 28, 2026, which works out to 3.5 months of inventory. Figures cover residential sales in Billings MLS areas 01 through 08.
| Billings (MLS areas 01 to 08) | Apr 1 to Sep 28, 2026 |
|---|---|
| Median sold price | $395,000 |
| Median days on market | 21 |
| Median sold price per sq ft | $193 |
| Median sold price as % of original list price | 98.9% |
| Closed sales | 1,142 |
| Active listings (Sep 28) | 659 |
| Under contract (Sep 28) | 223 |
| Months of inventory | 3.5 |
How the Billings Market Moved Through the Summer
The market ran fastest in June and July, when half of all sales went under contract within 17 days. By August and September the median time on market had stretched to 27 and 28 days, and homes were closing at a slightly lower share of their original list price. Prices held in a narrow band the whole time.
| Month closed | Sales | Median sold price | Median days on market | Sold vs. original list |
|---|---|---|---|---|
| April 2026 | 185 | $385,000 | 29 | 98.4% |
| May 2026 | 183 | $400,000 | 18 | 99.6% |
| June 2026 | 247 | $390,500 | 17 | 99.1% |
| July 2026 | 207 | $403,750 | 17 | 99.3% |
| August 2026 | 191 | $399,900 | 27 | 98.7% |
| September 1 to 28, 2026 | 129 | $389,000 | 28 | 98.3% |
How Pricing Played Out for Billings Sellers
- 57% of homes sold below their original list price. 43% sold at or above it.
- 37% went under contract within 10 days. At the other end, 22% took more than 60 days.
- 46% of closed sales recorded a seller concession, with a median concession of $7,000 among those sales.
- 25% of buyers paid cash. Conventional loans financed 45% of sales, FHA 16% and VA 9%.
Time on market and final price moved together. Homes that went under contract within 10 days closed at a median 100% of original list price, and 30% of them sold below it. Homes on the market more than 60 days closed at a median 95.3%, and 84% of them sold below their original list price. On a $395,000 home, that gap is about $18,500.
| Days on market | Sales | Sold vs. original list | Share sold below original list |
|---|---|---|---|
| 10 days or less | 428 | 100.0% | 30% |
| 11 to 30 days | 238 | 99.1% | 55% |
| 31 to 60 days | 223 | 96.7% | 82% |
| More than 60 days | 253 | 95.3% | 84% |
Billings Home Sales by Price Range
Supply was tightest between $300,000 and $400,000, at 2.7 months of inventory and a median of 17 days on market. Above $700,000 there were 5.7 months of inventory, so sellers in that range compete with more listings.
| Price range | Sales | Median days on market | Sold vs. original list | Active listings | Months of inventory |
|---|---|---|---|---|---|
| Under $300,000 | 213 | 23 | 96.5% | 110 | 3.1 |
| $300,000 to $399,999 | 378 | 17 | 99.4% | 172 | 2.7 |
| $400,000 to $499,999 | 256 | 21 | 99.5% | 148 | 3.5 |
| $500,000 to $699,999 | 193 | 28 | 98.8% | 132 | 4.1 |
| $700,000 and up | 102 | 25 | 98.2% | 97 | 5.7 |
Billings Home Sales by Area
Areas follow the Billings MLS area map. Northwest Billings posted the highest median price among Billings areas and the fastest median time on market. South Billings had the lowest median price.
| MLS area | Sales | Median sold price | Median days on market | Median $/sq ft | Months of inventory |
|---|---|---|---|---|---|
| Billings Heights, West of Main (01) | 187 | $409,900 | 21 | $187 | 3.3 |
| Billings Bench, East of Main (02) | 82 | $361,000 | 20 | $193 | 2.5 |
| Lockwood / Emerald Hills (03) | 62 | $324,950 | 33 | $178 | 3.6 |
| South Billings (04) | 54 | $247,500 | 30 | $172 | 2.8 |
| Southwest Billings / Blue Creek / Duck Creek (05) | 73 | $376,522 | 31 | $241 | 4.8 |
| Downtown (06) | 43 | $323,000 | 21 | $182 | 3.6 |
| Northwest Billings (07) | 309 | $459,900 | 17 | $186 | 3.4 |
| West Billings (08) | 332 | $389,900 | 19 | $203 | 3.6 |
| Laurel / Park City (09) | 88 | $367,000 | 17.5 | $209 | 3.9 |
| Shepherd / Huntley / Ballantine / Worden / Pompeys Pillar (10) | 59 | $435,000 | 21 | $224 | 2.6 |
| Columbus / Absarokee / Nye / Big Timber / Reed Point (12) | 64 | $422,500 | 24 | $233 | 5.6 |
What This Means if You're Selling in Billings
Gene Hauck, a Real Estate Broker and REALTOR® with The Morales Group at Engel & Völkers Billings, reads these numbers the same way every month: what similar homes in your area actually sold for, how long they took, and how many listings you would be competing against today. Over the last six months, homes that sold in their first 10 days kept their full list price, while homes that sat past 60 days gave up a median 4.7% of it. The first 10 days on the market are where pricing decisions show up in the final number.
For a pricing range built from recent sales near your home, request a home valuation or book a strategy session with Gene.
Billings Housing Market FAQs
What is the median home price in Billings, MT?
The median sold price for residential homes in Billings was $395,000 for sales closed April 1 to September 28, 2026, based on 1,142 sales in Billings MLS areas 01 through 08.
How long does it take to sell a house in Billings?
Billings homes sold in that period went under contract in a median of 21 days. 37% took 10 days or less and 22% took more than 60 days. Homes closed in August and September took a median of 27 to 28 days.
How many homes are for sale in Billings right now?
On September 28, 2026 there were 659 active residential listings in Billings MLS areas 01 through 08, plus 223 under contract. At the six-month sales pace, that is 3.5 months of inventory.
Do Billings home sellers pay concessions?
46% of Billings sales closed April 1 to September 28, 2026 recorded a seller concession. Among those sales, the median concession was $7,000.
About this data
Source: Billings Multiple Listing Service, residential listings (single-family, townhouse, condo, patio home and residential with land), closed sales April 1 to September 28, 2026, with active and under-contract counts as of September 28, 2026. "Billings" means MLS areas 01 through 08. Medians are used throughout. Days on market is the MLS days-on-market figure for sold listings. Months of inventory is active listings divided by the average monthly number of closed sales over the six months. Based on information from the Billings Multiple Listing Service; data deemed reliable but not guaranteed. Prepared by Gene Hauck, Real Estate Broker, REALTOR®, The Morales Group at Engel & Völkers Billings, 1921 1st Ave N, Billings, MT 59101, 406-861-4844, Montana license RRE-BRO-LIC-135399. Updated monthly. Last updated September 28, 2026.
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