Is Shepherd, MT 59079 a buyer’s or seller’s market?
Shepherd is a seller’s market. With about 3.7 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Shepherd housing market right now
In the three months ending August 31, 2026, 0% of homes in Shepherd, MT 59079 sold above their list price, the typical home went under contract in 91 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (78 days then) and the median sale price fell 10% to $448,306. Overall, Shepherd is less competitive than a year ago, which gives buyers more room.
Within Yellowstone County, homes here sell more slowly than in 70% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 59079
Nearby markets
Acton 59002Seller’s market $93 /sq ftBallantine 59006Seller’s market $358 /sq ftBillings 59101Seller’s market $214 /sq ftBillings 59102Seller’s market $175 /sq ft Browse all markets →Towns like Shepherd nearby
Find towns like Shepherd in other states →Where Shepherd is
Loading map…
Questions about Shepherd real estate
Is Shepherd a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Shepherd, MT 59079 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 Shepherd?
The typical home went under contract in 91 days in the latest three months.
Do homes in Shepherd sell over asking?
0% of homes sold above their original list price.
What are property taxes in Shepherd?
About 0.81% of a home’s value a year in Yellowstone County, or roughly $3,240 on a $400,000 home.
What is the median home price in Shepherd?
The median sale price was $448,306 in the three months ending August 31, 2026, about $248 per square foot.
Local agents
See all agents in 59079 →No sponsored agents in 59079 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 59079
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology