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Is Red Lodge, MT 59068 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Red Lodge is a buyer’s market. With about 7.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply7.1Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market65Listing to accepted offer
Median price per sq ft$366▲ +4.9% vs. last year

The Red Lodge housing market right now

In the three months ending August 31, 2026, 0% of homes in Red Lodge, MT 59068 sold above their list price, the typical home went under contract in 65 days and there were 7.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 35 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (81 days then) and the median sale price rose 3% to $667,711. Overall, Red Lodge is more competitive than a year ago, so tougher for buyers.

Within Carbon County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.

Run the numbers for 59068

Prefilled for 59068Can I win this house?Multiple-offer likelihood for a listing Prefilled for 59068Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bearcreek 59007 — /sq ftBelfry 59008Buyer’s market $402 /sq ftBridger 59014Buyer’s market $153 /sq ftEdgar 59026 $511 /sq ft Browse all markets →

Towns like Red Lodge nearby

Find towns like Red Lodge in other states →
Absarokee, MT59001 · 24 miles away53% similarcheaper homes ($80K less) · smaller Joliet, MT59041 · 25 miles away47% similarcheaper homes ($27K less) · smaller Columbus, MT59019 · 30 miles away45% similarcheaper homes ($41K less) · younger residents Powell, WY82435 · 39 miles away45% similarcheaper homes ($76K less) · larger

Where Red Lodge is

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Questions about Red Lodge real estate

Is Red Lodge a buyer’s or seller’s market?

A buyer’s market: there were 7.1 months of supply in Red Lodge, MT 59068 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Red Lodge?

The typical home went under contract in 65 days in the latest three months.

Do homes in Red Lodge sell over asking?

0% of homes sold above their original list price.

What are property taxes in Red Lodge?

About 0.54% of a home’s value a year in Carbon County, or roughly $2,160 on a $400,000 home.

What is the median home price in Red Lodge?

The median sale price was $667,711 in the three months ending August 31, 2026, about $366 per square foot.

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