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Is Thompson Falls, MT 59873 a buyer’s or seller’s market?

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

Thompson Falls is a balanced market. With about 6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply6Under 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 market92Listing to accepted offer
Median price per sq ft$277▲ +11.1% vs. last year

The Thompson Falls housing market right now

In the three months ending August 31, 2026, 0% of homes in Thompson Falls, MT 59873 sold above their list price, the typical home went under contract in 92 days and there were 6 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 16 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold about as fast and the median sale price rose 28% to $653,717. Overall, Thompson Falls is about as competitive as it was a year ago.

Within Sanders County, homes here sell faster than in 50% 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 59873

Prefilled for 59873Can I win this house?Multiple-offer likelihood for a listing Prefilled for 59873Over-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 ftHot Springs 59845Buyer’s market $179 /sq ftNoxon 59853Buyer’s market $309 /sq ft Browse all markets →

Towns like Thompson Falls nearby

Find towns like Thompson Falls in other states →
Plains, MT59859 · 24 miles away85% similarpricier homes ($123K more) · younger residents Superior, MT59872 · 37 miles away70% similarpricier homes ($91K more) · younger residents Saint Regis, MT59866 · 20 miles away68% similarpricier homes ($38K more) · smaller Trout Creek, MT59874 · 17 miles away46% similarpricier homes ($234K more) · 17 min longer commute

Where Thompson Falls is

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Questions about Thompson Falls real estate

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

A balanced market: there were 6 months of supply in Thompson Falls, MT 59873 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 Thompson Falls?

The typical home went under contract in 92 days in the latest three months.

Do homes in Thompson Falls sell over asking?

0% of homes sold above their original list price.

What are property taxes in Thompson Falls?

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 Thompson Falls?

The median sale price was $653,717 in the three months ending August 31, 2026, about $277 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