Montana started 2024 with a total of 2,275 single-family homes on the market, with a median home price of $675,000 and an average price per square foot of $445.04. By the end of the year, inventory had increased to 3,314 homes on the market (+46%), with a median home price of $653,944 (-3%), and an average price per square foot of $458 (+3%).
At the start of 2024, the median days on market (DOM) was 105 days – by the end of the year, median DOM had increased to 112 days.
Montana started the year with 27.91% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 27.67% of homes for sale had taken a price cut.
