The present housing market in Great Falls is down with high active listings and low sales volume. The median home price has fallen to $145,000, a significant 32.6% decrease year-over-year. With 9 active listings, inventory is 80% higher than seasonal norms. Homes are now taking an average of 317 days to sell, significantly longer than the 65 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Great Falls market with the affordability index at 395.6. Based on current market indicators, home prices in Great Falls are projected to decrease by approximately 6.6% over the next month.