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Is Great Falls, MT 59404 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Great Falls is a seller’s market. With about 2.3 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.

Months of supply2.3Under 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 market54Listing to accepted offer
Median price per sq ft$199▲ +0.5% vs. last year

The Great Falls housing market right now

In the three months ending August 31, 2026, 0% of homes in Great Falls, MT 59404 sold above their list price, the typical home went under contract in 54 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 144 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 (52 days then) and the median sale price rose 11% to $451,305. Overall, Great Falls is about as competitive as it was a year ago.

Within Cascade County, homes here sell more slowly than in 58% 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 59404

Prefilled for 59404Can I win this house?Multiple-offer likelihood for a listing Prefilled for 59404Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Belt 59412Balanced $202 /sq ftBlack Eagle 59414Balanced $201 /sq ftCascade 59421Buyer’s market $267 /sq ftFort Shaw 59443Seller’s market $217 /sq ft Browse all markets →

Towns like Great Falls nearby

Find towns like Great Falls in other states →
Belt, MT59412 · 22 miles away59% similarcheaper homes ($45K less) · smaller Fairfield, MT59436 · 32 miles away58% similarpricier homes ($28K more) · smaller Great Falls, MT59405 · 4 miles away56% similarcheaper homes ($46K less) · younger residents Great Falls, MT59401 · 3 miles away41% similarlower income ($29K less) · cheaper homes ($73K less)

Where Great Falls is

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Questions about Great Falls real estate

Is Great Falls a buyer’s or seller’s market?

A seller’s market: there were 2.3 months of supply in Great Falls, MT 59404 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 Great Falls?

The typical home went under contract in 54 days in the latest three months.

Do homes in Great Falls sell over asking?

0% of homes sold above their original list price.

What are property taxes in Great Falls?

About 0.87% of a home’s value a year in Cascade County, or roughly $3,480 on a $400,000 home.

What is the median home price in Great Falls?

The median sale price was $451,305 in the three months ending August 31, 2026, about $199 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