Kalispell Market Report: Residential Homes – May 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 May 2023. This report covers the entire residential market, including single family homes, townhouses, condominiums and manufactured homes.



The Kalispell residential market remains a seller's market. In May, sales increased over the previous month but are still lower than last year. Inventory increased while homes under contract and median prices decreased. The Kalispell market is still experiencing a seller's market. but is moving towards a more balanced market.

Sales Volume

In the month of May 2023, there were 90 residential sales in Kalispell which is 53% more than last month and 6% less than last year. It looks as though the Spring market started a bit late this year.

Kalispell Market Report: Residential Homes – May 2023 bar chart of sales by month


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 continued to do so through March of this year. However, April did see a 23% increase in listings with 198 homes on the market and May increased to 218. That provides buyers with more choices.

Of the homes currently available, 21 are condominiums, 11 are townhouses, six are manufactured homes and the rest are single family homes.

In the past twelve months, 810 residential homes sold in Kalispell which is an average of 68 per month. With 218 homes currently for sale, that means there are 3.2 months of inventory currently available which is higher than last month. At this time, Kalispell remains a seller's market.  


Median Sales Prices

The May median price point decreased 7% over last month. It is also lower than the same time last year. This is the second month with lower prices. We'll have to keep watch to see whether the prices continue to trend down or remain as is.

Kalispell Market Report: Residential Homes – May 2023 bar chart of median prices by month
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 May was a three bedroom, two bath manufactured home with 924 square feet of living space in Meadow Manor Village. It was listed at $99K. The most expensive property was a four bedroom, three bath home with ~3,900 square feet, 4 acres and a view of Ashley Lake. This home was listed at $1.85M.

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 some changes this month and while it is still a seller's market, it appears to be moving towards a more balanced market. We'll see what happens next month!

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 (10)

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

Kat, The sales volume increase for Kalispell Residential homes certainly increased nicely from the previous month. Homeowners should be glad to read this!

Jun 05, 2023 12:03 PM
Kat Palmiotti

They should indeed Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 

Jun 05, 2023 03:44 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Kat... a 53% increase in sales is nothing to sneeze at... pretty much a seller's market at my end, as well.

Jun 05, 2023 12:13 PM
Kat Palmiotti

True, Nina Hollander, Broker (about the sneezing). And I'm sure you are a seller's market still!

Jun 05, 2023 03:44 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kat, thank goodness you are seeing more inventory, must be a nice sight!

Jun 05, 2023 12:34 PM
Kat Palmiotti

Yes, Joan Cox - it sure is!

Jun 05, 2023 03:44 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good afternoon Kat,

Good to hear thre trajectory looks like you are moving towards a more balanced market. It will be interesting to see what next month holds for your area!

Jun 05, 2023 12:58 PM
Kat Palmiotti

It sure will Dorie Dillard Austin TX ! Thanks for your comment!

Jun 05, 2023 03:43 PM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Excellent report Kat Palmiotti . There are so many things that could be effecting the market at this time that it will be interesting to see how it all shakes out. With the Saudis talk of cutting back on oil production and currently visiting with Venezuela about it we could see a short term squeeze of cash flow if Biden is smart enough to start pumping American oil. If he would do that it would be GREAT for oil producing States like ND. I'd love to hear the shouts of "Drill Baby Drill" once again.

Jun 05, 2023 01:52 PM
Kat Palmiotti

Bob "RealMan" Timm - only time will tell!

Jun 05, 2023 03:43 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Kat Palmiotti very valuable detailed residential homes market report for Kalispell.

Jun 05, 2023 02:52 PM
Kat Palmiotti

Thank you John Pusa !

Jun 05, 2023 03:43 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Kat- It's been interesting to watch the different markets and the changes that have been occurring going from the frenzy of a seller's market to a hopefully more balanced market. 

Jun 05, 2023 07:16 PM
Kat Palmiotti

I do hope it's more balanced soon Kathy Streib !

Jun 06, 2023 04:33 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kat like your market we are in a seller's market just fewer sellers and fewer buyers....ironically it is the Fed's Fault.... increasing the interest rates has eliminate many buyers and sellers, Endre

Jun 05, 2023 10:24 PM
Kat Palmiotti

Endre Barath, Jr. - thank you for your comment!

Jun 06, 2023 04:34 AM
Roy Kelley
Retired - Gaithersburg, MD

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

Jun 07, 2023 11:17 AM
Kat Palmiotti

Thank you Roy!

Jun 07, 2023 03:50 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

WOW! That is one heck of an increase in sales over last month, Kat! As always, anyone looking in Kalispell or anywhere in the Flathead Valley simply must phone you. You know your market like no one else.

Jun 19, 2023 04:06 PM