Kalispell Market Report: Residential Homes – July 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 July 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 but it is close to being a balanced market. In July sales were flat from the previous month and remain lower than last year. Inventory increased for the fourth month in a row and homes under contract decreased slightly.

Sales Volume

In the month of July 2023, there were 73 residential sales in Kalispell which is the same as last month and 17% less than last year. This year's home market is definitely softer (so far) than last year's. Of the homes that sold in July, four were condos, seven were town homes, six were manufactured homes and the remainder were single family homes.  


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, June to 252 and July to 267. That provides buyers with more choices.

Of the homes currently available, 20 are condominiums, 12 are townhouses, six are manufactured homes and the rest are single family homes.

In the past twelve months, 798 residential homes sold in Kalispell which is an average of 67 per month. With 267 homes currently for sale, that means there are 4 months of inventory currently available which is higher than last month.  

Median Sales Prices

The July the median price point was $525,000, a decrease of 4% since last month. Median prices are also 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.

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 July was a three bedroom, two bath manufactured home with 1152 square feet of living space located in Willow Glen/Twin Acres. It was listed at $155K. The most expensive property was a three bed, four bath 4,244 square foot home located on Foy's Lake. The home had no covenants and included a guest house. This home was listed at $2.7M.

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 is 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 (13)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Great information. Thanks for sharing, enjoy your weekend. Bill

Salvatore Arizona Elite Properties.

Aug 06, 2023 11:16 AM
Kat Palmiotti

The same to you Bill Salvatore - East Valley 

Aug 06, 2023 12:50 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good afternoon Kat Palmiotti ,

Thank you for keeping us updated on the Kalispell, MO real estate market. Interesting to see the changes in the market and the direction it's moving. It will be interesting to see what August brings! Will it no longer be a sellers market and move to a more balanced market?

Aug 06, 2023 11:18 AM
Kat Palmiotti

Perhaps Dorie Dillard Austin TX ! We shall see!

Aug 06, 2023 12:50 PM
Ed (Edward) Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Your market is much different that the market we have back here in CT. The average town is working on 5-6 weeks' worth of inventory and that is far less than needed to satisfy buyers.

Aug 06, 2023 01:03 PM
Kat Palmiotti

Ed (Edward) Silva, 203-206-0754 - It's interesting how different markets are!

Aug 06, 2023 01:31 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, Good update on the Kalispell Real Estate market Residential report. It's fascinating to observe the changes in the market and the direction it may taking. 

Aug 06, 2023 01:48 PM
Kat Palmiotti

Thank you Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 !

Aug 06, 2023 03:41 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, lagging inventory is a problem everywhere, no one wants to move, as they want to retain their 3% rates.  Great report.

Aug 06, 2023 04:33 PM
Kat Palmiotti

Thanks Joan Cox for reading and commenting! I hope you are well.

Aug 07, 2023 04:38 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA

I love your bar graphs showing data for 2022 and 2023 right next to each other. It is interesting the each year starts with rising prices and then prices tapered off a bit.  Thank you!

Aug 06, 2023 05:37 PM
Kat Palmiotti

Thank you for checking out the charts Ray Henson !

Aug 07, 2023 04:37 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Kat- good market report for Kalispell!  And yes, it does appear that your market may be headed to one that is more balanced. It's been interesting these past few years. 

Aug 06, 2023 05:56 PM
Kat Palmiotti

It sure has been interesting Kathy Streib !

Aug 07, 2023 04:37 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Kat,

Whether the market is soft or not, your clients know they can depend on you for the very best advice.  

Aug 07, 2023 04:40 PM
Kat Palmiotti

You are too kind Sheri Sperry - MCNE® !

Aug 07, 2023 06:10 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

What a stellar market report, Kat. Your Kalispell market report does show a bit of a softening market, as is ours here in Charlotte. This market is giving our buyers more options and values are still holding fairly well for sellers. It seems that your market is headed for a nice, neutral market. We are looking forward to that here as well!

Regardless of the market, you ARE the one to call in Kalispell, whether buying or selling.

Aug 10, 2023 08:40 AM
Kat Palmiotti

Thank you very much Debe Maxwell, CRS !

Aug 10, 2023 01:20 PM
Debe Maxwell, CRS

You're so very welcome, Kat Palmiotti.

Aug 10, 2023 07:37 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Kat:

Great information on what's happening in the Kalispell housing market with inventory, sales and pricing. Anyone interested in buying a Kalispell home, or selling one, can see you are the agent to contact for your knowledge and guidance to help them make informed decisions.


Aug 11, 2023 04:49 PM
Kat Palmiotti

Thank you so much Jeff Dowler, CRS !

Aug 12, 2023 04:40 AM
Roy Kelley
Retired - Gaithersburg, MD

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

Aug 18, 2023 11:49 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Thank you Roy Kelley.

Aug 18, 2023 02:41 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

You always inspire me with your professionalism a great content . Thank you Kat 🙂

Aug 30, 2023 05:38 PM
Kat Palmiotti

And thank YOU Paul S. Henderson, REALTOR®, CRS 

Aug 30, 2023 06:01 PM