Montana Land Source is the most comprehensive source available for farm, ranch and recreational land listings and sales data for all of Montana.
2020 has been a dynamic year in the Montana land market. With COVID-19 initially slowing down the market early in the year, due to limitations on travel and in-person meetings, by mid-summer the market was starting to boom. Buyers were seeking refuge from COVID-19 (Montana had low COVID-19 infection rates at the time), social unrest in larger cities, and many were now able to work remotely. These factors led to a high level of demand for Montana real estate, and a high number of properties sold. The market continues to be strong as we approach the end of 2020.
Montana Land Source tracks and maps land listings and sales across all of Montana, including farm, ranch and recreational properties, and compiles live land market statistics. Property data is updated daily, and we currently have over 2,300 mapped listings and sales.
Being a non-disclosure state, the land market in Montana is characterized by a lack of accurate land value data. As a result, there are many misperceptions about land values and there are many over-priced properties on the market at any one time. Over-priced properties tend to languish on the market, and develop a stigma as being undesirable. Only about 20% of listings sell each year in Montana, and more than 20% leave the market each year without selling. Conservatively, of the properties that do sell about 1/3 have been reduced from the original listing price, and the average price reduction is approximately 30%.
For in-depth land market data from Montana Land Source for 2018 and 2019, see the links below.