Kalispell Market Report: Residential Homes - December 2022

Real Estate Broker/Owner with 406-270-3667, kat@thehousekat.com, Broker/REALTOR® RRE-BRO-LIC-75443

Following is an overview of the Kalispell Montana real estate results for the residential market as of December 2022. This report covers the entire residential market, including single family homes, townhouses, condominiums and manufactured homes.


While the Kalispell residential market remains on the cusp of a balanced market, sales, available listings, properties under contract and median sale prices fell in the month of December.

Sales Volume

In the month of December 2022, there were only 39 residential sales in Kalispell which is 61% less than the same time last year and 26% less than last month. The lower number of sales could be attributed to buyers holding off on making purchases at this time due to economic challenges and could also be due to winter and holiday conflicts.

Kalispell Market Report: Residential Homes - December 2022 bar chart of sales by month  


In terms of available homes on the market, inventory had seen significant upward movement early this year but available homes starting dropping in August and have continued to do so. In July, Kalispell had 320 listings and as of early January 2023, there are only 182, a decrease of 43%.

Of the homes currently available, 17 are condominiums, 13 are townhouses, three are manufactured homes and the rest are single family homes.

In the past twelve months, 871 residential homes sold in Kalispell which is an average of 73 per month. With 182 homes currently for sale, that means there are less than three months of inventory currently available which is a little lower than last month. Kalispell does remain a seller's market but only four or five months of inventory would be needed for a balanced market. With nearly three months of inventory available, we are getting close to a market where neither buyers nor sellers have the upper hand.

Kalispell Market Report: Residential Homes - December 2022 line chart of active listings and listing under contract

Median Sales Prices

With the exception of November, median prices have been declining since July. The median price for December was $469K, 15% less than last year and 18% less than last month. Another interesting data point is that 45% of all currently listed homes have seen price decreases. The average amount of decrease in price is nearly 8%, but it has reached as high as 30%.

Kalispell Market Report: Residential Homes - December 2022 bar chart of median price points
Type of homes being sold

To get an idea of the types of homes that are selling in Kalispell, the lowest priced home that sold in December was a two bedroom, one bath manufactured home with 951 square feet of living space that needed TLC. It sold for less than $100K. The most expensive home was a four bedroom, three bath 3,700 square foot home with 10 acres of land and a three car heated garage with apartment. This home sold for less than $2.25M.

Kalispell has just about any kind of property you can imagine. Brand new four bedroom homes, large custom homes, manufactured homes, small off-the-grid cabins and everything in between!  


The residential real estate market in Kalispell Montana saw sales, listings, properties under contract and median prices decline in December. We'll see what happens in 2023! If you have any specific questions about Kalispell or any other part of the Flathead Valley or would like to see the market data for a specific residential segment, feel free to contact me. If you are wondering what you might be able to get for your Montana home, or need help selling your home or finding the perfect new land or home to purchase, call me! I can be reached at 406-270-3667 or kat@thehousekat.com.

For more information on Kalispell, Montana, feel free to read this overview.

Previous Kalispell MT market reports can be found here. 

Originally published at thehousekat.com.

Comments (12)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Kat... a very good, easy to understand report on the state of the Kalispell housing market. Loved your picture with the snow.

Jan 05, 2023 11:16 AM
Kat Palmiotti

Thank you Nina Hollander, Broker  - that's a photo of my husband's workshop looking down our driveway!

Jan 05, 2023 11:51 AM
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Selling the Main Line & Chester County

Nice report, easy to understand. Interesting to see how the market develops during 2023.

Jan 05, 2023 12:35 PM
Kat Palmiotti

Thank you Nick Vandekar, 610-203-4543 - and yes, it will be interesting to see what happens!

Jan 05, 2023 02:23 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Kat- I love reading market reports that I can understand.   It looks like you may be heading to a balanced market. Time will tell. 

Jan 05, 2023 07:37 PM
Kat Palmiotti

Kathy Streib - yes time will definitely tell whether Kalispell homes return to a balanced market!

Jan 06, 2023 05:12 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kat good to see great market reports and I am echoing Kathy Streib 

Jan 05, 2023 11:16 PM
Kat Palmiotti

Thank you Endre Barath, Jr. - have a wonderful Friday!

Jan 06, 2023 05:12 AM
Patricia Feager, MBA, CRS, GRI,MRP
Selling Homes Changing Lives

Kat Palmiotti - Although everything was down, your presentation of the market was upbeat and truthful. Now is the time for buyers to plan ahead and contact you. There is no doubt in my mind, you are the point of contact for land or residential sales.

Jan 06, 2023 07:44 AM
Kat Palmiotti

Thank you so much for your kind words Patricia Feager, MBA, CRS, GRI,MRP !

Jan 06, 2023 09:08 AM
Patricia Feager, MBA, CRS, GRI,MRP

Kat Palmiotti - your photograph of your shop and the snow in the mountains and trees takes my breath away! I would wake up in a good mood everyday if I had that view!

Jan 07, 2023 07:41 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I enjoy all of your market reports whether it’s land or residential. You break down everything that is pertinent to buying and selling real estate and are a true professional Kat…

Jan 06, 2023 10:18 AM
Kat Palmiotti

Thank you very much Paul S. Henderson, REALTOR®, CRS !

Jan 06, 2023 10:54 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Thanks for sharing the Kalispell residential market report with all of us! Wishing you a wonderful weekend ahead.

Jan 06, 2023 10:52 AM
Kat Palmiotti

I wish you a wonderful weekend also Wanda Kubat-Nerdin - Wanda Can! !

Jan 06, 2023 10:55 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Kat Palmiotti - I think you summed it up well.   Everything is down.  It seems that every market I have checked is in that same boat, including Sedona!  As I mentioned in another market report, I feel that it is the perfect storm of interest rate hikes, winter (storms) , and the Christmas or Holiday season that came together.  Have a great Friday!

Jan 06, 2023 02:09 PM
Kat Palmiotti

I hope you have a wonderful weekend Sheri Sperry - MCNE® !

Jan 07, 2023 04:26 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The House Kat really knows what is going on in her area and I would highly advise anyone looking to buy or sell in Kalispell to reach out to her!

Jan 07, 2023 04:49 AM
Kat Palmiotti

Thank you Brian England !

Jan 07, 2023 04:58 AM
Roy Kelley
Retired - Gaithersburg, MD

Good Saturday morning, Kat.

Have a very productive weekend.

Jan 07, 2023 09:49 AM
Kat Palmiotti

Thank you Roy! Same to you!

Jan 07, 2023 01:59 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good afternoon Kat,

Thank you for sharing the Kalispell residential market report! You summed your market up very well breaking down everything both for buying and selling. Well done!

Jan 08, 2023 11:24 AM
Kat Palmiotti

Thank you for your comments on this market report Dorie Dillard Austin TX - I appreciate it! Market reports are pretty dry material!

Jan 08, 2023 12:08 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Great market report Kat Palmiotti it seems that prices are declining in most places of the country. We will see what happens as time progresses in 2023 

Jan 23, 2023 01:28 PM
Kat Palmiotti

Exactly, Hannah Williams - we'll see what happens - it's often a surprise!

Jan 23, 2023 02:20 PM