Is Melstone, MT 59054 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Melstone is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Melstone housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Rosebud County, MT

Population	227
Median income	$54,250
Average income	$66,132
Median home value	$218,400
Owner-occupied	90% of homes
Median year built	1975

Natural hazard riskWinter storms (very high), wildfire (relatively high), hail (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 59054; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 59054

Prefilled for 59054Can I win this house?Multiple-offer likelihood for a listing Prefilled for 59054Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Colstrip 59323Buyer’s market $134 /sq ft Forsyth 59327Seller’s market $76 /sq ft Browse all markets →

Where Melstone is

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Questions about Melstone real estate

What are property taxes in Melstone?

About 0.70% of a home’s value a year in Rosebud County, or roughly $2,800 on a $400,000 home.

Local agents

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More tools for 59054

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Rosebud County property taxes Rosebud County loan limits Closing costs in Montana Hottest ZIP codes in Montana

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology