Housing Market in Missoula
Missoula's 2026 housing market runs genuinely, substantially above the national figure, with Zillow's cited average home value at approximately $576,303 against a cited national median of approximately $408,776 -- though this record discloses a real, unresolved tension across sources on the exact short-term trend.
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Learn moreA Genuinely Above-National Market, Though Less Extreme Than Bozeman
Zillow's cited average home value ran approximately $576,303 (up ~0.9% YoY, as of June 2026) -- among the higher figures in this project's Tier A+ dataset. Consistent with this project's Montana manifest research context, Missoula's market runs genuinely less extreme than nearby Bozeman's (cited in a roughly $700,000-$725,000 average-value range), though it remains substantially above the national comparison figure.
A Real, Disclosed Cross-Source and Cross-Metric Tension on the Trend
This record discloses a genuine tension directly rather than smoothing it over: Zillow's own cited MEDIAN home price fell approximately 5.15% year-over-year (to approximately $554,863), even as that same source's average VALUE metric rose modestly (~0.9% YoY). Redfin separately cited a median sale price UP approximately 1.3% year-over-year (to approximately $547,000, three months ending May 2026), with homes taking longer to sell (61 days, up from 55) but higher sales volume (238 homes sold in May 2026, up from 185). Different metrics and reporting windows can genuinely diverge -- buyers should confirm current, specific listing and closed-sale data directly.
A Real, Disclosed Tightening-Supply Signal Alongside Rising Inventory
Missoula County's active listings rose to approximately 499 in July 2026 (up ~5.5% YoY), yet months of supply actually fell to approximately 2.02 from 3.33 the prior year -- a real, disclosed signal that demand absorbed the added inventory faster than the prior year, even as raw listing counts grew.
A Real, Disclosed Local Affordability Gap
One source cited a Missoula-area family earning $80,200 (a plausible local household income) as still falling short by approximately $50,000-$80,000 annually of affording a $520,000 home at a 6.625% interest rate under standard affordability assumptions -- a real, disclosed, genuinely significant local affordability gap.
Neighborhood-Level Variance Was Not Researched to Comparable Depth This Pass
This record did not independently research Missoula neighborhood-level price variance to comparable depth this pass -- see the best-areas topic page for what this record did confirm, and buyers should confirm current, specific listing and closed-sale data directly for a target neighborhood.
Key takeaways
- Missoula's cited average home value (~$576,303) ran approximately 41% above the cited 2026 national median (~$408,776), though genuinely less extreme than nearby Bozeman's.
- This record discloses a real, unresolved tension across sources on the exact short-term price trend -- Zillow's average value rising modestly even as its own median fell and Redfin's median separately rose.
- Missoula County's months of supply fell even as raw listing counts rose year-over-year -- a real, disclosed tightening-demand signal.
- A real, disclosed local affordability gap exists for a plausible area household income under standard mortgage-affordability assumptions.
- This record did not research Missoula neighborhood-level price variance in comparable depth this pass -- confirm current, address-specific data directly for a target area.
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