Is Medicine Lake, MT 59247 a buyer’s or seller’s market?
Medicine Lake is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Medicine Lake housing market right now
In the three months ending August 31, 2026, 0% of homes in Medicine Lake, MT 59247 sold above their list price, the typical home went under contract in 389 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Run the numbers for 59247
Nearby markets
Antelope 59211 — /sq ftOutlook 59252 $79 /sq ftPlentywood 59254Seller’s market $109 /sq ftWestby 59275Balanced $69 /sq ft Browse all markets →Where Medicine Lake is
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Questions about Medicine Lake real estate
Is Medicine Lake a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Medicine Lake, MT 59247 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 Medicine Lake?
The typical home went under contract in 389 days in the latest three months.
Do homes in Medicine Lake sell over asking?
0% of homes sold above their original list price.
What are property taxes in Medicine Lake?
About 1.23% of a home’s value a year in Sheridan County, or roughly $4,920 on a $400,000 home.
What is the median home price in Medicine Lake?
The median sale price was $274,881 in the three months ending August 31, 2026, about $167 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