Is Reed Point, MT 59069 a buyer’s or seller’s market?
Reed Point is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Reed Point housing market right now
In the three months ending August 31, 2026, 0% of homes in Reed Point, MT 59069 sold above their list price, the typical home went under contract in 153 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (53 days then) and the median sale price rose 2% to $486,789. Overall, Reed Point is less competitive than a year ago, which gives buyers more room.
Within Stillwater County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Run the numbers for 59069
Nearby markets
Absarokee 59001Seller’s market $271 /sq ftColumbus 59019Balanced $179 /sq ftFishtail 59028Buyer’s market $367 /sq ftMolt 59057Buyer’s market $263 /sq ft Browse all markets →Where Reed Point is
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Questions about Reed Point real estate
Is Reed Point a buyer’s or seller’s market?
A buyer’s market: there were 16 months of supply in Reed Point, MT 59069 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 Reed Point?
The typical home went under contract in 153 days in the latest three months.
Do homes in Reed Point sell over asking?
0% of homes sold above their original list price.
What are property taxes in Reed Point?
About 0.57% of a home’s value a year in Stillwater County, or roughly $2,280 on a $400,000 home.
What is the median home price in Reed Point?
The median sale price was $486,789 in the three months ending August 31, 2026, about $179 per square foot.
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More tools for 59069
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology