Curious about what’s going on in our local real estate market? We’ve crunched the numbers from May 2025 and compared them to last year (and even pre-pandemic levels) to bring you a clear picture of where things stand.
📈 Summary: May 2024 vs. May 2025
- Median Sales Price is up 4.6% year over year, from $485,000 to $507,500 — a continued rise, but more modest than in previous years.
- Inventory has surged, with 278 homes for sale this May — a 71% increase from May 2024.
- Days on Market have slightly increased from 81 to 88 days, giving buyers just a bit more breathing room.
💰 Median Sales Price
Home prices in Lewis & Clark County are still on the rise — though the pace is beginning to level out. At $507,500, the median sales price in May 2025 is up 4.6% from a year ago. For comparison, back in January 2020, the median was $283,000 — meaning prices have jumped nearly 80% in just over five years.
This continued price growth reflects the strength of our local market — even as more homes become available.
🏘 Inventory: A Surge in New Listings
The most notable shift this month is the huge spike in inventory. With 278 homes for sale in May 2025 (compared to just 163 last May), buyers suddenly have a lot more to choose from.
This increase in inventory is a sign of a market starting to normalize — and possibly balance — after years of low supply. It may also be driven by homeowners who are cashing in on their equity while rates and buyer interest remain steady.
If you’ve been thinking about selling, this could be a great window to do so — especially before the market gets more competitive.
⏱ Days on Market
Homes are now spending an average of 88 days on market, just a slight uptick from 81 days last year. Compared to 2020, however, homes are still moving faster (91 days then vs. 88 now). Despite more homes hitting the market, buyer demand remains solid — just not quite as frenzied as it was during peak years.
🏡 What This Means for You
Whether you’re buying or selling, there’s opportunity in today’s market. Yes, more listings mean more competition — but it also means more choices and negotiating power for buyers. Meanwhile, home values are holding strong, giving sellers a chance to benefit from years of appreciation.
The bottom line? Don’t sit on the sidelines. If you’ve been thinking about making a move, now’s the time to explore your options.
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Want to know what your home might be worth in today’s market?
📲 Reach out to Helena Home Team for a free Comparative Market Analysis (CMA) or just to chat about your real estate goals — no pressure, just local insight.
