Kalispell Market Report: Residential Homes – January 2023

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 January 2023. 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, in January sales and available inventory decreased and homes under contract and median prices increased slightly.

Sales Volume

In the month of January 2023, there were only 34 residential sales in Kalispell which is 41% less than the same time last year and 13% 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.



In terms of available homes on the market, inventory had seen significant upward movement early last year but available homes starting dropping in August 2022 and have continued to do so. In July '22, Kalispell had 320 listings and as of early February 2023, there are only 177, a decrease of 45%.

Of the homes currently available, 19 are condominiums, 16 are townhouses, four are manufactured homes and the rest are single family homes.

In the past twelve months, 853 residential homes sold in Kalispell which is an average of 71 per month. With 177 homes currently for sale, that means there are two and a half 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 two and a half months of inventory available, we are getting close to a market where neither buyers nor sellers have the upper hand.


Median Sales Prices

With the exception of November, median prices were declining since July 2022. The median price for January was $493K, 10% higher than last year and 5% more than last month.

Another interesting data point is that 40% of all currently listed homes have seen price decreases. The average amount of decrease in price is 7%, but it has reached as high as 35%.

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 January was a one bedroom, one bath "investor special" with ~1200 square feet of living space that needed TLC. It was listed at $159K. The most expensive home was a five bedroom, four bath 5,800 square foot home with 20 acres of land, a three car garage, two stall shop, basketball court and more. This home was listed at $2.575M.

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 and listings decline in January while properties under contract and median prices increased slightly. We'll see what happens as we move through 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. 


Comments (8)

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

We saw the same market in January here with sales and listings declining. It will be interesting to see what happens in 2023!

Feb 05, 2023 10:31 AM
Kat Palmiotti

Yes, Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 - I am interested to see how this year goes!

Feb 05, 2023 11:16 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kat, looks like the hike of interest rates seriously affected your area, both in inventory and sales.

Feb 05, 2023 10:43 AM
Kat Palmiotti

Yes, Joan Cox - it did!

Feb 05, 2023 11:17 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Kat,

Each market is a little different and a top agent/broker has a handle on it.  You are one of those who knows your market well and can help clients navigate the Kalispell residential market. 

Feb 05, 2023 01:40 PM
Kat Palmiotti

Thank you Sheri Sperry - MCNE® !

Feb 05, 2023 02:58 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Talking to the House Kat is the best thing to do if you want to know what is going on in the Kalispell real estate market!

Feb 06, 2023 04:07 AM
Kat Palmiotti

Thank you Brian England !

Feb 06, 2023 04:36 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Have a productive week.

Feb 06, 2023 04:56 AM
Kat Palmiotti

Thank you as always Roy Kelley.

Feb 06, 2023 06:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Excellent report, Kat, as always. We are seeing similar trends in fewer new listings month after month. At some point that translates into less inventory and higher home prices.

Feb 06, 2023 06:15 AM
Kat Palmiotti

Thank you Nina Hollander, Broker and yes it does!

Feb 06, 2023 07:31 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Kat and thank you for sharing with us your report for this area.  Make it a great start to the week.!

Feb 06, 2023 08:26 AM
Kat Palmiotti

Thank you Will Hamm - I hope you have a wonderful week also!

Feb 06, 2023 09:57 AM
Patricia Feager, MBA, CRS, GRI,MRP
Selling Homes Changing Lives

Good morning, Kat Palmiotti - although January's market report shows a decline in inventory and the interest rates affected many people's decisions, you live in a seasonal place and I would not be concerned if thinking about moving to your area. I would expect this from any seasonal location in the entire United States. 

I have no doubt, many people are watching your video presentations and are planning for their future. Your consistency, honesty, and good nature is what determines why buyers choose you! You have proven that over the many years in the business. 

Feb 14, 2023 07:44 AM
Kat Palmiotti

Thank you for your wonderful comment Patricia Feager, MBA, CRS, GRI,MRP !

Feb 14, 2023 11:22 AM