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Is Billings, MT 59106 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Billings is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5Under 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 market69Listing to accepted offer
Median price per sq ft$246▲ +6.8% vs. last year

The Billings housing market right now

In the three months ending August 31, 2026, 0% of homes in Billings, MT 59106 sold above their list price, the typical home went under contract in 69 days and there were 5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 148 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (77 days then) and the median sale price rose 9% to $599,641. Overall, Billings is about as competitive as it was a year ago.

Within Yellowstone County, homes here sell faster than in 50% 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 59106

Prefilled for 59106Can I win this house?Multiple-offer likelihood for a listing Prefilled for 59106Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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 Billings nearby

Find towns like Billings in other states →
Billings, MT59105 · 12 miles away54% similarlower income ($48K less) · cheaper homes ($147K less) Laurel, MT59044 · 9 miles away50% similarlower income ($38K less) · cheaper homes ($150K less) Park City, MT59063 · 17 miles away48% similarlower income ($26K less) · cheaper homes ($47K less) Billings, MT59102 · 4 miles away42% similarlower income ($50K less) · cheaper homes ($162K less)

Where Billings is

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Questions about Billings real estate

Is Billings a buyer’s or seller’s market?

A balanced market: there were 5 months of supply in Billings, MT 59106 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 69 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 $599,641 in the three months ending August 31, 2026, about $246 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