In Great Falls’ housing market, nearly half of sellers are cutting prices
Nearly half of home sellers in Great Falls, Montana lowered their asking prices in the week ending November 7, 2025, as properties remained on the market longer than typical homes across the country.
The Great Falls metro recorded price reductions on 45.7% of its 280 active single-family home listings, while the average time to sell increased to 84 days, a week longer than the national median of 77 days, according to HW Data.
The stock increases as absorption slows
Great Falls held 280 active single-family homes for sale, with sellers adding just 11 new properties to the market during the week. Meanwhile, 24 homes were absorbed from the active inventory, either through sales or other moves.
Metro supply for 2.9 months exceeded the national level of 2.5 months, indicating buyers have more options and bargaining power than in tighter markets. Only 0.4% of sellers increased their prices during the period, while 6.1% of listings represented relisted properties that had previously been taken off the market.
Prices reflect regional differences
At $429,500, Great Falls’ average list price was slightly below the national median of $432,980, but represented a significant discount from Montana’s statewide median of $650,000. The Metro’s price per square foot of $193.8 also lagged behind both state ($306.4) and national ($212.3) benchmarks.
The widespread price cuts suggest sellers are adjusting expectations to meet buyer demand in a market where homes take nearly three months to sell at the median.
What to watch
Keep an eye on the 45.7% markdown rate as a leading indicator of seller urgency. Monitor whether the 84-day average days on market lengthens or begins to shrink as price adjustments take effect. Monitor supply for 2.9 months for signs of further inventory build-up.
Use the 45.7% markdown rate to measure salesperson motivation in customer conversations. Take advantage of the 84-day average time to sell to set realistic expectations for listing timelines. Divide the value of $193.8 per square foot to demonstrate Great Falls’ value proposition compared to Montana’s average of $306.4.
HousingWire used HW Data to uncover this story. To see what’s happening in your own local market, you can generate housing market reports here. For enterprise customers looking to license the same market data on a larger scale, visit HW Data.
