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Is Choteau, MT 59422 a buyer’s or seller’s market?

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

Choteau is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.1Under 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 market91Listing to accepted offer
Median price per sq ft$184▼ −6.6% vs. last year

The Choteau housing market right now

In the three months ending August 31, 2026, 0% of homes in Choteau, MT 59422 sold above their list price, the typical home went under contract in 91 days and there were 4.1 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 14 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 (69 days then) and the median sale price rose 10% to $312,315. Overall, Choteau is less competitive than a year ago, which gives buyers more room.

Run the numbers for 59422

Prefilled for 59422Can I win this house?Multiple-offer likelihood for a listing Prefilled for 59422Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bynum 59419 — /sq ftDutton 59433Buyer’s market $181 /sq ftFairfield 59436Buyer’s market $220 /sq ftPower 59468Seller’s market $302 /sq ft Browse all markets →

Towns like Choteau nearby

Find towns like Choteau in other states →
Conrad, MT59425 · 26 miles away82% similarcheaper homes ($37K less) Fairfield, MT59436 · 18 miles away76% similarpricier homes ($68K more) · younger residents Valier, MT59486 · 31 miles away72% similarcheaper homes ($74K less) · smaller Vaughn, MT59487 · 35 miles away69% similarcheaper homes ($27K less) · smaller

Where Choteau is

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Questions about Choteau real estate

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

A balanced market: there were 4.1 months of supply in Choteau, MT 59422 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 Choteau?

The typical home went under contract in 91 days in the latest three months.

Do homes in Choteau sell over asking?

0% of homes sold above their original list price.

What are property taxes in Choteau?

About 0.75% of a home’s value a year in Teton County, or roughly $3,000 on a $400,000 home.

What is the median home price in Choteau?

The median sale price was $312,315 in the three months ending August 31, 2026, about $184 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