Published October 11, 2026 in Market Update

Great Falls has more listings, but many homes are still moving quickly

By Elizabeth Sachero-Perez

Real estate, Great Falls

Here is the number that changes what you should do right now. The Real Estate Data Aggregator counted 68 homes for sale in Great Falls (ZIP 22066) during the three months ending August 31, 2026. That is up 41.7% from the same period a year ago. More choices for buyers. More competition for sellers.

More supply does not mean the market slowed to a crawl. The Real Estate Data Aggregator found that 41% of Great Falls homes went under contract within two weeks of listing. That is down 3 points from last year, but it still means nearly 4 in 10 homes are moving fast. Pricing and preparation still matter.

What the price picture looks like

The Real Estate Data Aggregator put the median sale price in Great Falls at $1,670,000 for the three months ending August 31, 2026. That is down 1.8% from the same period in 2025. A small dip, not a slide. Homes still closed at an average of 98.8% of list price, down just 0.6 points from a year ago.

Here is a detail worth noting. The Real Estate Data Aggregator found that 30.2% of Great Falls homes sold above list price during this period. That is actually up 2.8 points from a year ago. So while the median price dipped slightly, well-priced homes are still drawing strong offers.

How Great Falls compares with the national picture

The National Association of Realtors reported 4.9 months of supply nationally in August 2026. Great Falls sits at 3.3 months, according to the Real Estate Data Aggregator. That gap matters. A lower months-of-supply reading generally means sellers face less competition here than in many parts of the country.

Nationally, the National Association of Realtors reported existing-home sales were up 1.6% year-to-date through the first eight months of 2026, even with a 2.0% dip in August alone. Pending sales in Great Falls rose 22% year over year, per the Real Estate Data Aggregator. Local demand is holding.

Freddie Mac put the average 30-year fixed mortgage rate at 7.40% as of October 8, 2026. That is the backdrop every buyer in Great Falls is working with right now. It shapes what buyers can afford and how they approach offers.

What this means if you are selling

More listings means buyers have options. They will compare your home to others nearby. First impressions matter more when there is competition. The Real Estate Data Aggregator shows the median home in Great Falls sat on the market 41 days. That is only one day longer than last year. But homes that went under contract quickly were likely priced well and presented carefully.

What this means if you are buying

The Real Estate Data Aggregator counted 72 new listings in Great Falls during the three months ending August 31, 2026. That is up 30.9% from a year ago. You have more to look at. But 41% of homes still went under contract within two weeks. When you find the right one, being ready to move matters.

One more thing to keep in mind. These are ZIP code numbers. One street in Great Falls can read very differently from another. The home's condition, the specific location, and the price point all shift the picture. If you want to know what the data says about your street, reach out.