Photo: User:Velela · Public domain66 homes sold in Red Lodge in the last year, at a typical $541K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Red Lodge homes are listed.
Every place Red Lodge homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Red Lodge.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 71% of Red Lodge’s sales, at a typical $582K
66 homes sold in the year to May 2026.
typical sale · 47 sold in 12 months
- Per square foot
- $353MT $283
- Days to sell
- 109
- Sold over asking
- 0%
- Listings with a price cut
- 18%
Townhouses: 16 sold, typical $502K
Condos: 3 sold, typical $163K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.5 times the 2016 price
66 sales in the last year, against 88 in 2022 and a low of 34 in 2015. The typical sale went from $218K in 2016 to $541K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $550K buys in Red Lodge
Check a listing against what Red Lodge homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Red Lodge are back to pre-pandemic levels, and more homes are for sale
We read every month of Red Lodge’s home sales since 2014 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 66 sales.
If you’re buying in Red Lodge
- Shop in January. It brings about 8 new listings a month, close to the busiest month, with fewer bidding wars (0% over asking).
- You’ll usually have time. Only 25% of homes go under contract within two weeks; the typical one takes 108 days.
Spring brings the homes; fall brings the bidding wars
May has the most new listings (about 8 a month), but November is the most competitive: 2% of November sales close over asking. January offers nearly as much choice with fewer homes bid up (0%). January has the least competition (0%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Montana as a whole
| Red Lodge now | 2017–19 | 2021 peak | MT now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 0% | 0% | 0% | 0% |
| Gone within two weeksShare of homes under contract within 14 days | 25% | 2% | 3% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | 13% | — | — | 20% |
| Price paid vs. askingAverage sale price ÷ list price | — | — | — | 94.9% |
| Days to sellMedian days from listing to contract | 108 | 120 | 63 | 86 |
46 homes for sale on a typical day
That’s 2.6 times the 2014 low (17) and 120% more than in 2017–19.
1 in 8 listings has cut its price
13% in the last year, against — in 2017–19 and 20% across Montana.
Red Lodge ranks 17th of 18 busy Montana markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Red Lodge is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2014 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Red Lodge home costs about $3,124 a month
Price: Red Lodge’s typical sale, last 12 months. Property tax at Red Lodge’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Red Lodge is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. November has the fewest, about 4.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $541K home, about $3,610 a year.
Taxes vs. neighborsSchools
The schools grade for Red Lodge, from test results, graduation and how much students grow.
Schools in Red LodgeTypical commute
The average one-way trip to work for people who live in Red Lodge.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to Red Lodge, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Red Lodge. People who follow the town see it, and so do people comparing Red Lodge with their own town. No commission, no listing fee.
Questions about buying a home in Red Lodge
What do homes sell for in Red Lodge, MT?
66 homes sold in the year to May 2026 at a typical $541K, $359 a square foot.
Is Red Lodge a buyer’s or seller’s market?
A buyer’s market: 51 homes were for sale in May 2026 and 3 sold, about 17 months of supply., and 13% of listings cut their price.
When is the best time to buy in Red Lodge?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Red Lodge?
About 0.7% of a home’s value a year. On a $541K home that’s near $3,610.
Where can I see homes for sale in Red Lodge?
Zillow, Redfin, Realtor.com and Homes.com all carry Red Lodge’s MLS listings; the search links above open each one filtered to Red Lodge.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).