Montana Land For Sale: Building, Commercial, Residential, Farm, Hunting, Ranch
Over 690 Listings of Land – Land Costs, Closed Sales, Days on Market
Sales Price (median)
Chart 1: The all-time high for Montana land prices (median) for all sizes of land hit $245,000 in June 2022, but since then, the median price rose into Q3 2022 ($196,500) but has dropped to $169,000 in Q1 2023.
Nonetheless, Montana’s land prices have risen ⇑ $94,000 or ⇑ 83.2% since December 2020.
Trends: Median price for parcels of land greater than 30 acres was on the rise in 2022.
April 2022 saw a record sales price month, when the median price for land over 30 acres hit an all-time high of $2,517,500!
Presently, the median price for land of 30 acres or more is $1,586,500.
The best way to look at land data is by quarter, which softens the wild graph lines.
Montana land prices began their most recent climb in January 2022.
Days on Market (median)
Chart 2: Today, in December 2022, median days on market for all sizes of Montana land for the year to date is 29.
Days on market has been under 60 for the whole year and is presently at 40 for this quarter.
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.
Chart 3: Closed sales of Montana land have dropped significantly since the record set in 2020, dropping from 1,428 to today’s 766, which is a ⇓ 86.4%.
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.
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 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).