March 2022: Montana Land For Sale: Building, Commercial, Residential, Farm, Hunting, Ranch
Over 400 Listings (down 50%) of Land – Land Costs, Closed Sales, Days on Market
Average Sales Prices
Chart 1: The median price for all sizes of land in June 2022 is $180,000, an all-time record.
Median sales price for all sizes of Montana land, June 2021 was $120,000.
In June 2020, median price for land was $102,000.
Montana’s median land prices have risen ⇑ $78,000 or ⇑ 76.5% since June 2020.
Trends: Median price for parcels of land greater than 30 acres had been steadily climbing since August 2020.
Last November 2021, median price for land over 30 acres hit an all-time high of $500,000.
Though still in record price territory, today’s $475,000 (June 2022) is below last December’s record but up $125,000 or ⇑ 35.7% from last June’s median price.
Montana land prices have kicked up in spring 2022.
Average Days on Market
Chart 2: Today, in June 2022, average days on market for all sizes has stabilized in the mid-80’s.
In June 2021, average days on market all sizes was 154. June 2020, average days on market for all sizes was 181.
Average days on market in October 2017 was a 7-year high of 224.
Montana Land: Closed Sales
Chart 3: Closed sales of Montana land have dropped significantly since the record set in May 2021, dropping from 2,371 to June 2022’s 1,326, which is a ⇓ 78.8%.
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.
Montana Land: Economy and Commerce
Originally, most of the State’s economy was directly based on Montana land.
Today, Montana’s economic landscape is based on tourist enterprises (fishing, hunting, skiing, dining, etc.), trade and tech 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.
Montana land also 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.
Although two-thirds of Montana’s land consists of rolling grasslands, the state of Montana is home to more than 25 significant mountain ranges.
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.”
Regardless of your geographic position in the State, Montana land (and you with it!) 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).