Missoula's Housing Market: Insights On Buyer Origins

When you think about people relocating to Montana, one of the first places that people seem to think of when thinking about where they are coming from is California. While some may be coming from there, it may not be the most popular place where people are relocating from.

There have been a lot of "good news, bad news" stories about the housing markets in Montana. Specifically, Missoula's housing market has been showing some signs of stability for the first time in a long time. But overall, Montana is the least affordable state to call home these days.

The amount of information at our fingertips these days still amazes me. For example we know the locations of people who are looking for homes to purchase in Missoula. You may be surprised where most people who are looking for homes here are from.

According to Stacker.com, using information from Realtor.com's Cross-Market Demand Report, we have the top ten places where people are looking for homes in the Missoula area in the last quarter of 2024.

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Some of the information may not be too surprising. There are people within Montana who are looking to relocate to Missoula. The top metros within the state looking for Missoula homes are Kalispell, Bozeman, Billings, and Helena. Then there are the out-of-staters who are interested in moving here.

The top five metros where people are looking to purchase Missoula homes are:

Elgin, Illinois
Los Angeles, California
Seattle, Washington
Denver, Colorado
Phoenix, Arizona

The number of people looking at purchasing a Missoula home from Phoenix is two and a half times as many people as the next closest metro of Denver.

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People just looking to purchase homes in Missoula doesn't necessarily mean they will be moving here, but don't be surprised if more Arizona license plates start showing up around town soon.