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Are home prices going up in Missoula in 2026?
The Villages median home price fell 2.1% year-over-year to $347,528, while national prices rose 2.4%, reflecting uneven market recovery.
Missoula's median home sale price reached $597,338 in May, up 5.7% year-over-year and 3.9% month-over-month, according to Redfin Real Estate's analysis of pricing trends over six years.
Since the pandemic, home prices climbed at record pace in response to surging demand, creating a sharp affordability decline that weighed on buyers and sellers and slowed market activity to a crawl.
Missoula's $597,338 median represents substantial growth from April 2019's $309,900 baseline, while the national median stands at $396,173 with 2.4% year-over-year growth, showing stronger local momentum.
The housing market has entered a long, gradual reset phase, with Redfin economists predicting affordability will slowly improve this year and beyond as price growth cools and wages rise.
National prices accelerated in April, signaling affordability improvements won't be linear across markets, leaving homebuyers and sellers navigating a continued difficult market despite the emerging reset.