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MELROSE, MT 59743

Real Estate Market Report  ·  Beaverhead County
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The MELROSE, MT real estate market (59743) currently shows 4 active listings. Homes are averaging 28 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 28 days on market compared to 218 days last year.

The median listing price has fallen 21.5% year-over-year, from $347,000 to $272,500.

Whether you are buying or selling in MELROSE, MT, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 186  ·  Density: 0.3/mi²  ·  Median household income: $37,292

Typical home value: $488,077  ·  Homeownership: 81.5%

Market Overview

Active Listings
4
vs 4 last year
Pending
0
0% pending ratio
Median Price
$272,500
⇩ 21.5% vs $347,000 last year
Average Price
$605,000
⇩ 26.8% vs $826,875 last year
Days on Market
28
⇩ 87.2% vs 218 days last year

Price Per Square Foot

Median $/sqft
$310
⇧ 37.8% vs $225/sqft last year
Median Home Size
2,785 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 28 now vs 218 last year

Median & Average Pricing

Year over Year
  • Median: $272,500 (-21.5% YoY)
  • Average: $605,000 (-26.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 55.3 miles — 71 listings ($57,411,376 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
59743Melrose, MT 597430.0 mi3$426,999$112,000$142,333
59727Divide, MT 5972713.1 mi1$595,000$595,000$595,000
59746Polaris, MT 5974621.6 mi1$1,250,000$1,250,000$1,250,000
59751Silver Star, MT 5975122.7 mi2$1,148,990$574,495$574,495
59759Whitehall, MT 5975932.7 mi17$17,460,700$750,000$1,027,100
59749Sheridan, MT 5974933.5 mi20$14,656,740$699,000$732,837
59761Wisdom, MT 5976137.6 mi3$1,974,000$725,000$658,000
59747Pony, MT 5974740.0 mi3$2,995,500$998,500$998,500
59721Cardwell, MT 5972145.2 mi2$974,000$487,000$487,000
59740McAllister, MT 5974046.0 mi7$9,488,997$925,000$1,355,571
59631Basin, MT 5963150.8 mi2$1,441,900$720,950$720,950
59632Boulder, MT 5963253.0 mi9$4,099,050$372,500$455,450
59745Norris, MT 5974555.3 mi1$899,500$899,500$899,500

Frequently Asked Questions

How many homes are for sale in MELROSE, MT 59743?

As of February 2026, there are 4 active listings in MELROSE, MT (zip code 59743), compared to 4 the prior year.

What is the median home price in MELROSE, MT 59743?

The median listing price in MELROSE, MT 59743 is $272,500 as of February 2026, a 21.5% decrease from $347,000 the prior year.

How long do homes stay on the market in MELROSE, MT?

Homes in MELROSE, MT 59743 spend an average of 28 days on the market before going under contract, compared to 218 days the prior year.

Is it a seller's or buyer's market in MELROSE, MT 59743?

Based on current inventory and days-on-market data as of February 2026, MELROSE, MT 59743 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 28 days on market compared to 218 days last year.

How much can I save on real estate commission in MELROSE, MT?

With SELL123.com's maximum 3% commission, sellers in MELROSE, MT 59743 save an estimated $5,450 compared to a typical 5% commission on the median listing price of $272,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.