Welcome to the Q2 2025 Market Report—your trusted resource for staying current on residential real estate trends across Western Montana.
This edition covers key developments in Flathead, Missoula, and Lewis & Clark Counties. Whether you’re buying, selling, or simply keeping a pulse on the market, understanding the latest data is essential. We’ve done the analysis so you can focus on what matters most: making confident, informed decisions—whether driven by lifestyle goals or long-term investment value.
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Average Sales Price By County
| Average Sales Price | % Change (vs LQ/LY) | Median Sales Price | % Change (vs LQ/LY) | |
|---|---|---|---|---|
| Flathead | $914,251 | +1% / +6% | $625,000 | -5% / -2% |
| Missoula | $662,445 | +7% / +1% | $573,995 | +4% / +3% |
| Lewis & Clark | $509,114 | flat / -11% | $462,939 | -2% / flat |
In the second quarter of 2025, the residential real estate markets across Flathead, Missoula, and Lewis & Clark Counties reflected a mix of subtle shifts and continued buyer engagement. Flathead County posted a modest 1% increase in average sales price from the previous quarter and a 6% gain year-over-year, signaling ongoing interest—particularly at the higher end of the market. However, the median price declined 5% from Q1 and dipped 2% from last year, suggesting softer conditions for mid-range homes or increased activity in lower price tiers. Missoula County remained strong, with a 7% quarter-over-quarter gain in average price and a 1% increase compared to this time last year. Median prices followed suit, rising 4% quarter-over-quarter and 3% year-over-year—evidence of a healthy and balanced market attracting steady demand. Lewis & Clark County held steady in Q2, with average price remaining flat from Q1 but still showing an 11% drop from last year. The median sales price saw a slight 2% quarterly decline but remained flat year-over-year, pointing to a market that has likely stabilized after a period of downward pressure.
Average Sales Price by Town
| Average Sales Price | % Change (vs LM/LY) | Median Sales Price | % Change (vs LQ/LY) | |
|---|---|---|---|---|
| Whitefish | $1,632,937 | +13% / +14% | $972,500 | +13% / -2% |
| Kalispell | $693,260 | +1% / +7% | $565,000 | -1% / +2% |
| Bigfork | $1,139,042 | +12% / +9% | $735,000 | -16% / -12% |
| Missoula | $660,852 | +9% / +1% | $575,000 | +6% / +3% |
| Helena | $523,432 | -4% / -12% | $470,000 | -6% / -2% |
Whitefish continued to lead the market with strong growth, seeing increases in both average and median sales prices. Kalispell held steady with a slight uptick in average price and a stable median. Bigfork showed solid gains in average price, largely driven by luxury sales, but saw a noticeable decline in median price—pointing to fewer mid-range transactions. Missoula experienced broad-based strength with price increases across the board, supported by steady demand. Helena, in contrast, saw decreases in both average and median prices, suggesting a softening market and more price-conscious buyer behavior
Price Per Square Foot By County
| Average PPSF | % Change (vs LQ/LY) | Median PPSF | % Change (vs LQ/LY) | |
|---|---|---|---|---|
| Flathead County | $423 | +4% / +2% | $343 | -5% / -4% |
| Missoula County | $346 | +2% / +1% | $330 | +4% / +2% |
| Lewis & Clark County | $278 | +10% / flat | $268 | +4% / -1% |
Across Western Montana, price per square foot trends varied by county, reflecting subtle shifts in buyer activity and pricing dynamics. Flathead County posted a modest increase in average pricing, while the median declined—indicating continued strength at the upper end of the market, even as broader pricing cooled slightly. Missoula County remained one of the region’s most consistent markets, with steady growth in both average and median pricing. In Lewis & Clark County, a noticeable uptick in average pricing contrasted with relatively flat year-over-year change in the median, suggesting selective price appreciation within an otherwise stable environment.
Price Per Square Foot By Town
| Average PPSF | % Change (vs LQ/LY) | Median PPSF | % Change (vs LQ/LY) | |
|---|---|---|---|---|
| Whitefish | $622 | +6% / +6% | $511 | -1% / +1% |
| Kalispell | $355 | +6% / +7% | $320 | +2% / -4% |
| Bigfork | $428 | -12% / -1% | $379 | -4% / -5% |
| Missoula | $348 | +4% / +1% | $330 | +4% / flat |
| Helena | $279 | +6% / +1% | $267 | +3% / +2% |
Whitefish posted steady gains in average PPSF, with a year-over-year increase, while the median PPSF remained relatively flat—suggesting strength in higher-end sales but little movement in broader pricing. Kalispell showed healthy growth, with increases in both average and median PPSF, reflecting consistent buyer demand across segments. Bigfork saw a notable dip in both average and median PPSF, pointing to a shift toward more mid-range sales or softening in luxury pricing. Missoula remained stable, with moderate increases in both average and median PPSF, underscoring its steady demand and price resilience. Helena recorded improvements across the board, with gains in both average and median PPSF quarter-over-quarter and year-over-year, signaling growing interest in more affordable Western Montana markets.
Supply & Demand
| Average Days on Market | % Change (vs LM/LY) | |
|---|---|---|
| Flathead County | 105 | -28% / -7% |
| Missoula County | 73 | -26% / +3% |
| Lewis & Clark County | 81 | -5% / +11% |
| Whitefish | 83 | -53% / -36% |
| Kalispell | 111 | -17% / +8% |
| Bigfork | 120 | -40% / -2% |
| Missoula | 64 | -27% / -3% |
| Helena | 78 | +1% / +7% |
In general, we’re seeing a healthier level of inventory on the market, but homes are actually selling faster than in past quarters in most areas. Average Days on Market (DOM) decreased across nearly every Western Montana town and county, with standout drops in Whitefish and Bigfork, where homes are moving significantly quicker than earlier this year.
Whitefish saw the most dramatic quarterly shift, with DOM falling by over 50%, and is also down substantially from last year. Bigfork and Flathead County also posted strong improvements, each showing a 40% or greater quarterly reduction. Missoula and Kalispell experienced moderate declines in DOM, pointing to steady buyer demand, while Helena was the only area to see a slight increase—indicating a bit more breathing room for buyers. Lewis & Clark County remained relatively stable, with a minor quarterly dip but a year-over-year uptick in DOM.
While more listings are hitting the market, buyers are acting quickly—particularly in areas where desirable, move-in-ready homes are priced right.
Homes For Sale
| New Listings | % Change (vs LQ/LY) | Closed Sales | % Change (vs LQ/LY) | |
|---|---|---|---|---|
| Flathead County | 1010 | +97% / +6% | 439 | +62% / +12% |
| Missoula County | 709 | +118% / +27% | 347 | +75% / -2% |
| Lewis & Clark County | 448 | +89% / +5% | 239 | +56% / +7% |
| Whitefish | 262 | +120% / +24% | 80 | +23% / +11% |
| Kalispell | 434 | +67% / -3% | 239 | +77% / +19% |
| Bigfork | 132 | +175% / +45% | 34 | +48% / -32% |
| Missoula | 571 | +118% / +31% | 280 | +76% / -3% |
| Helena | 339 | +107% / +9% | 172 | +64% / -1% |
Q2 (spring into summer) typically brings a wave of new listings to Western Montana, as sellers take advantage of longer days and better curb appeal. This year followed that seasonal trend, with a significant increase in new listings across the board when compared to the previous quarter. However, unlike past years, most markets actually outpaced last year’s levels—a sign that inventory may finally be loosening, at least in some areas.
Bigfork led the charge with the largest jump in new listings, followed by Whitefish, Missoula, and Helena—all posting triple-digit quarter-over-quarter increases. At the county level, Flathead and Missoula both saw near-doubling of listings from Q1, while Lewis & Clark County also posted a strong gain.
Closed sales were also up from last quarter across all markets, though the year-over-year story is more mixed. Kalispell and Whitefish saw double-digit annual growth in closings, while Bigfork and Missoula lagged slightly compared to last year—likely reflecting shifting buyer behavior and pricing recalibrations.
In short, while we’re seeing more homes come to market this spring, inventory remains tight relative to demand—particularly in affordable price ranges—keeping competition strong and buyer urgency high in many Western Montana towns.
So What?
Despite a notable seasonal surge in new listings across Western Montana, the region is still navigating an inventory-constrained market—especially in the sub-$850K and specialty segments like waterfront and turn-key homes. Buyers have more to choose from than earlier this year, but the best homes are moving quickly, and competition remains strong in key areas.
For Sellers, this remains a favorable market—but expectations should evolve. Homes are selling faster than last quarter in nearly every town and county, but buyers are more discerning than in the past few years. Gone are the days of waived contingencies and emotional bidding wars. Now, presentation, pricing, and preparedness matter. Sellers who take time to bring their property to market in polished condition, and at the right price, are being rewarded with quicker sales and stronger offers.
For Buyers, the good news is that the spike in new listings offers more breathing room and greater negotiating potential than we’ve seen in recent quarters. However, desirable, well-priced homes—especially in Kalispell, Missoula, and Whitefish—are still moving fast. Working with a knowledgeable agent and local lender can make all the difference, particularly as creative financing options like rate buy-downs and down payment assistance become more widely available.
The overall takeaway? Western Montana is not cooling—it’s calibrating. Demand remains high, pricing is steady or climbing in most areas, and new inventory is being absorbed quickly. Whether you’re buying, selling, or simply watching the market, staying informed and prepared is the smartest strategy in today’s landscape.
