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Is Shelby, MT 59474 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Shelby is a buyer’s market. With about 10 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply10Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market166Listing to accepted offer
Median price per sq ft$120▼ −6.0% vs. last year

The Shelby housing market right now

In the three months ending August 31, 2026, 0% of homes in Shelby, MT 59474 sold above their list price, the typical home went under contract in 166 days and there were 10 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 7 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (79 days then) and the median sale price fell 1% to $224,903. Overall, Shelby is less competitive than a year ago, which gives buyers more room.

Run the numbers for 59474

Prefilled for 59474Can I win this house?Multiple-offer likelihood for a listing Prefilled for 59474Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Kevin 59454Seller’s market $80 /sq ftSunburst 59482Buyer’s market $165 /sq ftSweet Grass 59484 — /sq ft Browse all markets →

Towns like Shelby nearby

Find towns like Shelby in other states →
Conrad, MT59425 · 23 miles away94% similarVery close on income, prices and more Cut Bank, MT59427 · 26 miles away87% similarcheaper homes ($59K less) Chester, MT59522 · 40 miles away84% similarcheaper homes ($56K less) · smaller Valier, MT59486 · 26 miles away53% similarcheaper homes ($50K less) · smaller

Where Shelby is

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Questions about Shelby real estate

Is Shelby a buyer’s or seller’s market?

A buyer’s market: there were 10 months of supply in Shelby, MT 59474 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Shelby?

The typical home went under contract in 166 days in the latest three months.

Do homes in Shelby sell over asking?

0% of homes sold above their original list price.

What are property taxes in Shelby?

About 0.87% of a home’s value a year in Toole County, or roughly $3,480 on a $400,000 home.

What is the median home price in Shelby?

The median sale price was $224,903 in the three months ending August 31, 2026, about $120 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology