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Is Missoula, MT 59802 a buyer’s or seller’s market?

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

Missoula is a balanced market. With about 5.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.5Under 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 market74Listing to accepted offer
Median price per sq ft$351▼ −4.4% vs. last year

The Missoula housing market right now

In the three months ending August 31, 2026, 0% of homes in Missoula, MT 59802 sold above their list price, the typical home went under contract in 74 days and there were 5.5 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 66 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 (47 days then) and the median sale price fell 35% to $474,795. Overall, Missoula is less competitive than a year ago, which gives buyers more room.

Within Missoula County, homes here sell more slowly than in 75% 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 59802

Prefilled for 59802Can I win this house?Multiple-offer likelihood for a listing Prefilled for 59802Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arlee 59821Buyer’s market $312 /sq ftBonner 59823Balanced $349 /sq ftCondon 59826Buyer’s market $419 /sq ftFrenchtown 59834Seller’s market $307 /sq ft Browse all markets →

Towns like Missoula nearby

Find towns like Missoula in other states →
Missoula, MT59801 · 3 miles away88% similarlarger Missoula, MT59808 · 6 miles away74% similarnewer homes Missoula, MT59804 · 9 miles away74% similarpricier homes ($127K more) · smaller Missoula, MT59803 · 6 miles away52% similarhigher income ($44K more) · pricier homes ($94K more)

Where Missoula is

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Questions about Missoula real estate

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

A balanced market: there were 5.5 months of supply in Missoula, MT 59802 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 Missoula?

The typical home went under contract in 74 days in the latest three months.

Do homes in Missoula sell over asking?

0% of homes sold above their original list price.

What are property taxes in Missoula?

About 0.88% of a home’s value a year in Missoula County, or roughly $3,520 on a $400,000 home.

What is the median home price in Missoula?

The median sale price was $474,795 in the three months ending August 31, 2026, about $351 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