Is Billings, MT 59101 a buyer’s or seller’s market?
Billings is a seller’s market. With about 3.4 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.
More competitive than 4% of U.S. ZIP codes, and #5 of 6 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Billings housing market right now
In the three months ending August 31, 2026, 0% of homes in Billings, MT 59101 sold above their list price, the typical home went under contract in 65 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 154 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (69 days then) and the median sale price held steady to $338,853. Overall, Billings is about as competitive as it was a year ago.
Within Yellowstone County, homes here sell faster than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
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Nearby markets
Acton 59002Seller’s market $93 /sq ftBallantine 59006Seller’s market $358 /sq ftBillings 59102Seller’s market $175 /sq ftBillings 59105Seller’s market $196 /sq ft Browse all markets →Towns like Billings nearby
Find towns like Billings in other states →Where Billings is
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Questions about Billings real estate
Is Billings a buyer’s or seller’s market?
A seller’s market: there were 3.4 months of supply in Billings, MT 59101 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 Billings?
The typical home went under contract in 65 days in the latest three months.
Do homes in Billings sell over asking?
0% of homes sold above their original list price.
What are property taxes in Billings?
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 Billings?
The median sale price was $338,853 in the three months ending August 31, 2026, about $214 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