Billings, MT metro area Housing Market Brief
metro · as of May 2026
What is Billings, MT metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Billings, MT metro area in its market cycle?
Billings, MT metro area is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
Billings, MT metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $410K | ▲ +9.3% |
| Median Days on Market | 58 days | ▼ -1.7% |
| Months of Supply | 4.5 | ▼ -6.2% |
| Homes for Sale | 978 | ▼ -10.3% |
| Homes Sold | 218 | ▼ -3.1% |
| Median Price / Sq Ft | $201 | ▲ +1.9% |
| Sale-to-List Ratio | 97.2% | — |
How has Billings, MT metro area’s Alpha Score moved?
Markets like Billings, MT metro area
- Centralia, WA metro areametro40
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- Auburn, AL metro areametro45
- Hanford, CA metro areametro44
- Helena, MT metro areametro42
- Pittsfield, MA metro areametro43
- Iowa City, IA metro areametro47
- Lawrence, KS metro areametro40
- Santa Rosa, CA metro areametro39
- Corvallis, OR metro areametro36
Frequently asked questions
Is Billings, MT metro area a buyer's or seller's market?
As of May 2026, Billings, MT metro area is classified as a Balanced Market, based on its Alpha Score of 42 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Billings, MT metro area?
The median sale price in Billings, MT metro area is $410K, having risen 9.3% over the past year.
How affordable is Billings, MT metro area?
Billings, MT metro area scores 17 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Billings, MT metro area's Alpha Score?
Billings, MT metro area's strongest dimension is Price Momentum (72/100) and its weakest is Rental Yield (16/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Billings, MT metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.