Great Falls Housing Market Shows No Signs of Cooling

Housing Affordability Still A Major Concern In Montana

Housing and affordability are two things that don’t look like they’re going to separate anytime soon.

I feel pretty lucky we bought when we did, because if we hadn’t, I’m not sure how we’d make it work right now.

Montana Housing Market Prices Continue to Rise

With interest rates and home prices where they are, a lot of people are wondering if they’ll ever be able to own a home.

Here in Montana, we’ve seen the housing market take off, with the median price climbing to some of the highest levels we’ve ever seen.

People have been waiting for things to cool down, but in Great Falls and across the state, we’re still waiting.

Looking at the past three months and the average median sale price of homes in Great Falls, the market is still hot, just not as intense as it was.

Great Falls Housing Market Trends So Far In 2026

From January through March of 2026, the median sale price for a home in Great Falls was $358,667.

That’s about a 4% increase year over year, but if you go back to 2022, it’s up a pretty staggering 32.6%.

Compare that to a 1% year-over-year increase and about 9.3% since 2022 nationwide, and it’s easy to see why a lot of Montana residents are concerned.

If you’re trying to buy, you’re wondering how you’re ever going to afford it. And if you already own, you’re probably looking at rising property taxes on a place you’re not planning to sell and wondering how that’s going to work.

So while the market isn’t exactly red hot, it’s not cooling off either, and that leaves a lot of Montanans stuck in the middle.

Source: Stacker