Richey Housing Update: Values Dip Slightly as Inventory Stays Tight
Richey, MT – March 24, 2026 – Home values eased over the past year while statewide inventory inches up, keeping buyers and sellers cautious this spring.
Top takeaways
- Typical home value around $135K, down year over year.
- Statewide inventory improving but still relatively tight.
- Spring activity may bring modest new listings.
Home values in Richey are trending slightly lower compared with a year ago. Zillow data through January 31, 2026 shows a typical home value of about $134,528, a 2.8% decline over the past 12 months. In a small market, even a handful of sales can shift year-over-year comparisons, so buyers and sellers are watching closely as the spring season begins.
Across Montana, housing inventory has been gradually expanding. A recent statewide market summary reports inventory at 2,907 homes for sale, reflecting a more balanced environment than the ultra-tight conditions seen in prior years. Mortgage rates fluctuating in the upper-6% to low-7% range during the first quarter have also shaped affordability and pacing for buyers.
Market snapshot
In and around Richey, available listings tend to include a mix of modest single-family homes, manufactured properties, and agricultural parcels. Price points generally sit well below many larger Montana metros, which can attract buyers seeking affordability or land opportunities. Days on market can vary widely depending on acreage, water access, and improvements.
What’s for sale nearby
- Single-family homes priced near or below the local typical value, often on larger lots.
- Ranch and farm parcels offering pasture or dryland acreage.
- Vacant land suited for custom builds or seasonal use.
Statewide reporting suggests Montana’s housing market is entering the year with cautious momentum, as professionals encourage early spring buyers to prepare financing and move decisively when suitable properties appear.
Are you seeing more listings or steady demand in the Richey area this month?
Sources
https://www.zillow.com/home-values/16670/enid-richey-mt/
https://listwithclever.com/montana/
https://www.krtv.com/news/montana-and-regional-news/montana-housing-market-holds-steady-heading-into-the-new-year