May 22nd, 2023

Montana Land For Sale

Photo Montana Land For Sale, Taunya Fagan Photo

Montana Land For Sale: Building, Commercial, Residential, Farm, Hunting, Ranch

Over 690  Listings of Land – Land Costs, Closed Sales, Days on Market

Land Listings Below $25000Land Listings $400000 To $500000
Land Listings $25000 To $50000Land Listings $500000 To $600000
Land Listings $50000 To $100000Land Listings $600000 To $700000
Land Listings $100000 To $125000Land Listings $700000 To $900000
Land Listings $125000 To $150000Land Listings $900000 To $1 Million
Land Listings $150000 To $200000Land Listings $1.0 To $1.5 Million
Land Listings $200000 To $300000Land Listings $1.5 To $2.5 Million
Land Listings $300000 To $400000Land Listings Above $2.5 Million

Sales Price (median)

Chart 1: Today, the price of land has been rising and is at $195,000.

The all-time high for Montana land prices (median) for all sizes of land hit $245,000 in June 2022.

The recent low was $83,000 in Q2, 2020.

Montana’s land prices have risen ⇑ $112,000 or ⇑ 57.4% since Q2, 2020.

Photo Montana land sales, median sell price vs. listing median price, 10 years.
Chart 1: Montana land sales, median sale price vs. listing median price, 10 years.

Trends: Median price for parcels of land greater than 30 acres was on the rise in 2022.

February 2022 saw a record sales price month, when the median price for land over 30 acres hit an all-time high of $2,250,000!

Presently, the median price for land of 30 acres or more is $277,000.

The best way to look at land data is by quarter, which softens the wild graph lines.

Montana land prices began their most recent decline in December 2022.

Days on Market (median)

Photo Montana land, Days on Market, 10 years by quarter.
Chart 2: Montana land, Days on Market, 10 years by quarter.

Chart 2: Today, in Q2, 2022, median days on market for all sizes of Montana land for the year to date is 109.

Days on market has been climbing since Q2, 2022.

In 2021, average days on market all sizes was 33.  In 2020, average days on market for all sizes was 126.

Average days on market in October 2012 was a record high of 231.

From farming and ranching to transportation and tourism, our economic environment is dependent on the land, which is why buying land for sale in Montana is an excellent investment.

Closed Sales

Photo Closed Sales, Montana land, 10 years.
Chart 3: Closed Sales, Montana land, 10 years.

Chart 3: Closed sales of Montana land have dropped significantly since the record set in Q3, 2020, dropping from 605 to today’s 101, which is a ⇓ 504 or ⇓ 83.3%.

Montana Land: Economy and Commerce

Originally, most of the State’s economy was directly based on the land.

Today, Montana’s economic landscape is based on tourist enterprises (fishing, hunting, skiing, dining, etc.), trade and technology industries, transportation, government agencies, educational systems, and other types of commerce.

While having yielded to new forms of modern commerce indirectly related to Montana land, Montana’s economy continues to benefit directly from the land through cattle and sheep grazing; acreage for homes and commercial buildings.

In addition, Montana land provides soils for farming and ranching; open land for hunting and fishing; and geologic formations for petroleum and minerals (e.g., clay, coal, copper, garnet, gold, phosphate, platinum, sapphire, talc, vermiculite), all of which are just as important for maintaining Montana’s economy as are the more “modern” industries, like technology and manufacturing.

Public and Private Montana Land Ownership Maps

Montana Topography

Although two-thirds of Montana’s land consists of rolling grasslands, the state of Montana is home to more than 25 significant mountain ranges.

Taunya Fagan Montana Land For Sale

Rising to 12,693′, Granite Peak is Montana’s highest elevation, and the River Valley of the Kootenai claims the lowest point in Montana at 1,892.’

“Montaña Relucientes,” meaning “shining mountains,” is the Spanish term from which we get the name “Montana.”

Montana Geography

Regardless of your geographic position in the State, Montana land experiences wet-dry and hot-cold extremes, and although the State has an abundance of lakes, rivers and streams, it is not immune to extreme dry periods, which effect Montana’s land, known for its rich agricultural and ranching history.

Not to be outdone in the category of extremes, summer temperatures in Montana have reached beyond 115ºF (46ºC) and winter temperatures have plummeted to –70ºF (-56ºC).

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Taunya Fagan

Giving you the advantage