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Is Hot Springs, MT 59845 a buyer’s or seller’s market?

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

Hot Springs is a buyer’s market. With about 13.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply13.9Under 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 market261Listing to accepted offer
Median price per sq ft$179▼ −33.4% vs. last year

The Hot Springs housing market right now

In the three months ending August 31, 2026, 0% of homes in Hot Springs, MT 59845 sold above their list price, the typical home went under contract in 261 days and there were 13.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (252 days then) and the median sale price rose 61% to $397,828. Overall, Hot Springs is less competitive than a year ago, which gives buyers more room.

Within Sanders 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 59845

Prefilled for 59845Can I win this house?Multiple-offer likelihood for a listing Prefilled for 59845Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Dixon 59831 — /sq ftHeron 59844 — /sq ftNoxon 59853Buyer’s market $309 /sq ftPlains 59859Buyer’s market $278 /sq ft Browse all markets →

Towns like Hot Springs nearby

Find towns like Hot Springs in other states →
Charlo, MT59824 · 25 miles away45% similarpricier homes ($127K more) · younger residents Thompson Falls, MT59873 · 33 miles away38% similarhigher income ($28K more) · pricier homes ($115K more) Superior, MT59872 · 31 miles away36% similarpricier homes ($206K more) · larger Ronan, MT59864 · 26 miles away33% similarhigher income ($30K more) · pricier homes ($107K more)

Where Hot Springs is

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Questions about Hot Springs real estate

Is Hot Springs a buyer’s or seller’s market?

A buyer’s market: there were 13.9 months of supply in Hot Springs, MT 59845 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 Hot Springs?

The typical home went under contract in 261 days in the latest three months.

Do homes in Hot Springs sell over asking?

0% of homes sold above their original list price.

What are property taxes in Hot Springs?

About 0.53% of a home’s value a year in Sanders County, or roughly $2,120 on a $400,000 home.

What is the median home price in Hot Springs?

The median sale price was $397,828 in the three months ending August 31, 2026, about $179 per square foot.

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Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Sanders County property taxesSanders County loan limitsClosing costs in MontanaHottest ZIP codes in Montana
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology