Kalispell Market Report: Residential Homes – June 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 June 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. That being said, in June sales decreased from the previous month and remain lower than last year. Inventory increased for the third month in a row and homes under contract also increased. The Kalispell market is still experiencing a seller's market but continues to move towards a more balanced market.

Sales Volume

In the month of June 2023, there were 73 residential sales in Kalispell which is 19% less than last month and 9% less than last year. Total year-to-date sales are 17% of the same time period in 2022. This year's home market is definitely softer (so far) than last year's.

Of the homes that sold in June, seven were condos with an average sale price of $422,900. Six were town homes ($ 447,000), two manufactured homes ($ 230,000) and the remainder were single family homes ($614,950).

Kalispell Market Report: Residential Homes – June 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, May increased to 218 and June is now at 252. That provides buyers with more choices.

Of the homes currently available, 21 are condominiums, 12 are townhouses, seven are manufactured homes and the rest are single family homes.

In the past twelve months, 808 residential homes sold in Kalispell which is an average of 67 per month. With 252 homes currently for sale, that means there are 3.8 months of inventory currently available which is higher than last month. At this time, Kalispell remains a seller's market.  


Kalispell Market Report: Residential Homes – June 2023 line chart of active listings and under contract

Median Sales Prices

The June median price point increased 10% over last month but it remains lower than the same time last year. The median price point has been fluctuating between $490K and $550K this year. We'll keep an eye on future months.


Kalispell Market Report: Residential Homes – June 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 June was a three bedroom, two bath manufactured home with 1152 square feet of living space. The sale did not include any real estate and the home needed to be moved to another property. It was listed at $40K. The most expensive property was a four bedroom, four bath home with ~3,800 square feet, ten acres and a view of mountains. This home was listed at $1.9M.

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 (11)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Kat and thank you for your market report to share with us here in the Rain.  We have afternoon showers.


Jul 05, 2023 08:40 AM
Kat Palmiotti

Hi Will Hamm - Thank you for your comment! Today is a bit hazy but warm.

Jul 05, 2023 09:51 AM
Eileen Burns 954.483.3912
Trans State Commercial RE Ft. Lauderdale/Miami/Palm Beach - Fort Lauderdale, FL
FLorida Real Estate Connector

So many choices, all under $1.9MM to live in God's country and be neighbors with you and Anthony. 😎  Glad to see a balancing time entering the equation.

Jul 05, 2023 08:56 AM
Kat Palmiotti

Eileen Burns - Hello! Balancing time is good!

Jul 05, 2023 09:51 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Kat... a stellar report, as always. We are not anywhere near a balanced market in many parts of the Charlotte region. We keep seeing fewer new listings and they are now impacting inventory trends.

Jul 05, 2023 09:00 AM
Kat Palmiotti

Yikes, Nina Hollander, Broker  - it's been the same way for quite a while in your area!

Jul 05, 2023 09:51 AM
Nina Hollander, Broker

Kat Palmiotti hi Kat... we have these little downward blips here and there, but the market seems to bounce back quickly.

Jul 05, 2023 10:17 AM
Ed (Edward) Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

The key fact you offer is the absorption rate trending to just under 4 months of inventory which is creeping to a neutral market, where buyers will have a chance to buy.

Jul 05, 2023 10:54 AM
Kat Palmiotti

True Ed Silva - thank you for your comment!

Jul 05, 2023 01:27 PM
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, It's interesting to note that the residential real estate market in Kalispell, is showing signs of transitioning from a seller's market towards a more balanced market. Yes, lets see how the market continues to evolve in the coming months.

Jul 05, 2023 11:47 AM
Kat Palmiotti

And the land market is a buyer's market and is no where near transitioning to a balanced market Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 !

Jul 05, 2023 01:27 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, it sure shows the interest rates are holding back sales in Kalispell!   Great report.

Jul 05, 2023 01:57 PM
Kat Palmiotti

Thank you Joan Cox !

Jul 05, 2023 02:52 PM
Patricia Feager, MBA, CRS, GRI,MRP
Selling Homes Changing Lives

Good morning, Kat Palmiotti - A lot has changed since I visited Montana! I wish I would have bought property in 2017 or 2018. I would have built up a lot of equity! Now, the best I could hope for is a visit. 

You put together a very comprehensive report on the market. Buyers and Sellers will appreciate you!

Jul 06, 2023 06:22 AM
Kat Palmiotti

Thank you Patricia Feager, MBA, CRS, GRI,MRP !

Jul 06, 2023 07:36 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The House Kat is the only agent I would trust in Kalispell, she certainly knows what she is doing!!!

Jul 06, 2023 07:22 AM
Kat Palmiotti

Thank you Brian England !!!!

Jul 06, 2023 07:36 AM
Roy Kelley
Retired - Gaithersburg, MD

Families considering a move to the area will love your excellent local real estate reports.

Jul 07, 2023 08:51 AM
Kat Palmiotti

Thank you Roy.

Jul 07, 2023 02:10 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Kat Palmiotti very valuable residential homes market report for Kalispell in June 2023. Have a great weekend!

Jul 08, 2023 08:47 PM
Kat Palmiotti

Thank you John Pusa - the same to you!

Jul 09, 2023 04:42 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

I love that you're trending towards a neutral market, Kat. We can only dream of that here in the Charlotte Metro! The critically low inventory is thwarting any movement towards neutrality!

Another exceptional report, Kat. Anyone thinking of buying OR selling in the Kalispell market need only make one call - to YOU!

Jul 10, 2023 10:48 AM
Kat Palmiotti

Thank you Debe Maxwell, CRS !!!

Jul 10, 2023 02:21 PM