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MEDICINE LAKE, MT 59247

Real Estate Market Report  ·  Sheridan County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The MEDICINE LAKE, MT real estate market (59247) currently shows 1 active listings, with 1 pending sales.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

The median listing price has risen 54.4% year-over-year, from $340,000 to $525,000.

Whether you are buying or selling in MEDICINE LAKE, 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: 303  ·  Density: 0.9/mi²  ·  Median household income: $42,500

Typical home value: $92,027  ·  Homeownership: 72.4%

Market Overview

Active Listings
1
⇩ 50% vs 2 last year
Pending
1
100% pending ratio
Median Price
$525,000
⇧ 54.4% vs $340,000 last year
Average Price
$525,000
⇧ 54.4% vs $340,000 last year
Days on Market
⇩ 100% vs 219 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 2 last year

Median & Average Pricing

Year over Year
  • Median: $525,000 (+54.4% YoY)
  • Average: $525,000 (+54.4% 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 92.5 miles — 117 listings ($59,145,730 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
59247Medicine Lake, MT 592470.0 mi1$525,000$525,000$525,000
59211Antelope, MT 5921114.4 mi1$445,000$445,000$445,000
59212Bainville, MT 5921227.8 mi1$314,950$314,950$314,950
59218Culbertson, MT 5921828.9 mi4$1,150,000$250,000$287,500
59252Outlook, MT 5925231.3 mi1$240,000$240,000$240,000
59255Poplar, MT 5925535.8 mi1$195,000$195,000$195,000
58801Williston, ND 5880139.9 mi98$51,705,780$430,000$527,610
58830Alamo, ND 5883048.6 mi1$55,000$55,000$55,000
58833Ambrose, ND 5883352.1 mi1$174,000$174,000$174,000
58843Epping, ND 5884356.1 mi2$1,150,000$575,000$575,000
58831Alexander, ND 5883161.2 mi3$2,256,000$752,000$752,000
59262Savage, MT 5926270.8 mi2$440,000$220,000$220,000
58634Grassy Butte, ND 5863492.5 mi1$495,000$495,000$495,000

Frequently Asked Questions

How many homes are for sale in MEDICINE LAKE, MT 59247?

As of March 2026, there are 1 active listings in MEDICINE LAKE, MT (zip code 59247), compared to 2 the prior year.

What is the median home price in MEDICINE LAKE, MT 59247?

The median listing price in MEDICINE LAKE, MT 59247 is $525,000 as of March 2026, a 54.4% increase from $340,000 the prior year.

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

Homes in MEDICINE LAKE, MT 59247 spend an average of 0 days on the market before going under contract, compared to 219 days the prior year.

Is it a seller's or buyer's market in MEDICINE LAKE, MT 59247?

Based on current inventory and days-on-market data as of March 2026, MEDICINE LAKE, MT 59247 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

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

With SELL123.com's maximum 3% commission, sellers in MEDICINE LAKE, MT 59247 save an estimated $10,500 compared to a typical 5% commission on the median listing price of $525,000. 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.