Great Falls housing market shifts toward buyers as 46% of sellers cut prices

Nearly half of home sellers in Great Falls, Montana reduced their asking prices during the week ending Nov. 7, 2025, as properties lingered on the market longer than typical homes across the country.

The Great Falls metro recorded price cuts on 45.7% of its 280 active single-family listings, while the median time to sell stretched to 84 days, a week longer than the national median of 77 days, according to HW Data.

Inventory builds as absorption slows

Great Falls maintained 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 active inventory, whether through sales or other removals.

The metro’s 2.9 months of supply exceeded the national level of 2.5 months, indicating buyers have more options and negotiating power than in tighter markets. Only 0.4% of sellers raised their prices during the period, while 6.1% of listings represented relisted properties that had previously been taken off the market.

Pricing reflects regional disparities

At $429,500, Great Falls’ median list price sat slightly below the national median of $432,980 but represented a substantial discount from Montana’s statewide median of $650,000. The metro’s price per square foot of $193.8 also trailed both state ($306.4) and national ($212.3) benchmarks.

The widespread price reductions suggest sellers are adjusting expectations to match buyer demand in a market where homes take nearly three months to sell at the median.

What to watch

Monitor the 45.7% price reduction rate as a leading indicator of seller urgency. Track whether the 84-day median days on market extends further or begins contracting as price adjustments take effect. Watch the 2.9 months of supply for signs of further inventory accumulation.

Use the 45.7% price cut rate to gauge seller motivation in client conversations. Leverage the 84-day median selling time to set realistic expectations for listing timelines. Share the $193.8 per-square-foot metric to demonstrate Great Falls’ value proposition compared to Montana’s $306.4 average.

HousingWire used HW Data to source this story. To see what’s happening in your own local market, generate housing market reports here. For enterprise clients looking to license the same market data at a larger scale, visit HW Data.