“Amber is amazing and I recommend her all the way. She so helpful and keeps you updated. Always there to help and become friends. Never a negative moment with her encouragement.”
eXp Realty LLC
- Agent Pronto
- Montana
- Shepherd
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Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for June 2026. *
* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.
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Shepherd real estate Market Report.
Information and statistics on the latest trends in the Shepherd real estate market. *
Latest Rolling 3-Month Snapshot
Feb 1, 2026 - Apr 30, 2026
Median sale price
$575K
-0.1%
from
Q1 '26
Median list price
$546K
-5.1%
from
Q1 '26
Active listings
2
+100%
from
Q1 '26
Homes sold
1
No change
from
Q1 '26
New pendings
1
No change
from
Q1 '26
New listings
1
No change
from
Q1 '26
Quarterly Pricing Trends for Shepherd
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Pricing Trends for Shepherd
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Pricing Trends for Shepherd
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Inventory and Sales Activity for Shepherd
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
Quarterly Inventory and Sales Activity for Shepherd
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
Quarterly Inventory and Sales Activity for Shepherd
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
20
Seller’s Market
Seller’s Market
Buyer’s Market
0
20
40
60
80
100
0
25
50
75
100
Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Feb 2026 - Apr 2026).
Shepherd’s rolling three-month data through April 2026 shows some dramatic year-over-year shifts in prices. The typical home value is down sharply compared with a year ago, while the median list price is up more than a quarter over the same period, highlighting a gap between seller expectations and recent sale prices. At the same time, active listings have more than doubled year over year, giving buyers a bit more to choose from in a small market.
In the most recent rolling period, the typical home value sits around the mid-$500,000s, while the median list price is slightly lower. Inventory is thin at just 2 active listings and about 3.1 months of supply, consistent with the area’s seller’s market gauge but not extremely tight by broader standards. Homes are spending a median of 42 days on the market, a significant improvement from the much longer marketing times seen in late 2024 and earlier, indicating that well-priced homes are moving at a steadier pace.
Looking back over the past few years, Shepherd has seen large swings in sale prices and days on market, reflecting how each individual sale can influence statistics in a small community. Earlier periods showed prices both far below and well above today’s levels, along with stretches where homes sat for many months before selling. With only one home sold and one new listing in the latest three-month window, every transaction carries extra weight, making local expertise especially important. Agent Pronto can connect both buyers and sellers with a knowledgeable Shepherd agent who understands these nuanced trends and can help them navigate their next move.
Learn more about what Shepherd has to offer.
Shepherd offers residents a welcoming, close-knit community with convenient local amenities, active neighborhood life, and abundant outdoor opportunities that support a high quality of life.
Shepherd offers a quieter, more rural identity than nearby Billings, while still keeping you within an easy commute of city jobs, shopping, and healthcare. Surrounded by open fields and views of the rims, it appeals to those who value space, privacy, and a close relationship with the land without feeling isolated from everyday conveniences.
Community life here often centers on the schools and local events. Families appreciate Shepherd Public Schools, where activities and athletics help bring neighbors together. Weekend routines might include a trip into Yellowstone County for errands, or time along the Yellowstone River at Coulson Park or Riverfront Park on Billings’ south side. Nearby MetraPark hosts concerts, rodeos, fairs, and trade shows that add big-event energy to an otherwise laid-back setting.
Housing in Shepherd ranges from modest single-family homes to larger properties with acreage, irrigation rights, and room for shops or livestock. That variety creates opportunities for both first-time buyers and long-time residents ready to adjust their lifestyle. With market conditions influenced by growth in greater Billings and across Montana, timing and preparation make a real difference.
Whether you are planning to buy your first home, expand into a larger property, or sell land that has been in the family for years, connecting with the right local real estate agent is essential. Agent Pronto can match both buyers and sellers in Shepherd with professionals who understand the area and can help you move at the right moment.
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“Impressive personalized communication and insight. Willingness to go the extra mile for us at every turn. Would hire again in a hearbeat.”
NorthScapes Realty
“Brooke was extremely knowledgeable of the area we were interested in despite us looking in both Montana and Idaho. She was able to explain and answer all our questions that we had in a timely fashion and took the time to make sure we understood every part of the process of buying a home! She was a pleasure to work with and will definitely be giving her call when we're ready to sell or buy again!”
Century 21 RiverStone
“Nathan was very helpful in finding me a house I liked. He was very patient and knowledgable in all aspects of his job. He is pleasure to work with. You can't go wrong if you pick him to be your realtor.”
Windermere Real Estate-Missoula
“The amount of gratitude we have for Cari is beyond words. As first time homebuyers this was a huge feet to accomplish and Cari made sure to keep us informed, connected, and confident every step of the way. Our journey began somewhat rocky with our first lender and prospective house, but Cari provided us with an amazing contact at Stockman Bank and THE BEST INSPECTOR, at Tightline home inspections. We were house hunting a little out of town and Cari showed up for us in every way. From the inspection walk throughs, to the spam text messages I sent her throughout the day, she was absolutely amazing. We will recommend Cari time and time again. She truly puts every ounce of heart into her clients!”
The Real Estate Hub
“Stephanie is a rockstar! We could not be more happy with our experience finding our first home using Stephanie as our agent. She went above and beyond to help make this a success experience for us. She helped us find a lender, roofer, insurance, etc. We just moved to FL and didn’t know anybody and she worked so closely with us to make sure we were comfortable with every step in the process. She’s extremely responsive, a problem solver and the most lovely, kind person you could ever hope to work with. We are so grateful for everything she did for us and we absolutely love our new home!”
EXP Realty, LLC
“Eric was very diligent about keeping me informed on the sales and listings, interested parties/agents and comments made about the property. He was very helpful and offered expert advise when needed! I felt well represented and professionally taken care of.”
Keller Williams Realty Northwest Montana
“Merlin is young and ambitious. He worked hard and was detailed and considerate knowing my needs and wants for a replacement house under a total loss insurance claim.”
Engel & Völkers Billings
“Being a first time home buyer comes with a lot of questions and uncertainty. Alexis was very knowledgeable and eased all of the uncertainties that came along throughout the process. She went above and beyond making sure we were comfortable and confident with all of the decisions we made along the way. We are thrilled with the outcome and can't wait to work with Alexis in the future!”
Century 21 Hometown brokers
“Gene was great to work with. Went above and beyond when it came to all aspects throughout of the home buying process. Very knowledgeable and easy to work with. Would recommend him to anyone selling or buying a home. Thanks Gene”
Engel & Völkers Engel & Voelkers - Billings
“Keith is a joy to work with; he is prompt, concerned, knowledgeable and caring. This was difficult as we were doing this for our daughter who lives in Europe. Keith made it so much easier. He is great and professional to work with but has that understanding of Montana values we love so much.”
Dustin young and company
“Jocelyn DeHart was an AMAZING fit. She was caring, compassionate and very knowledgeable in every detail.”
Venture West Realty
“Tracey is very professional and competent. She follows through and got the job done. Her staff were also excellent and easy to work with.”
Ideal Real Estate | Montana Legacy Properties
“Agent Pronto put me in touch with Sarah Bauer from Big Sky Brokers. Sarah was great to work with, she made the entire process of selling my condo easy and stress free!”
Big Sky Brokers LLC
“Jo was great. Took offer from first day house was on the market!”
Modern Montana Real Estate
Frequently Asked Questions
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There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Shepherd. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.
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Choosing a real estate agent to help you buy or sell property is one of the most important decisions you’ll make in your lifetime. You want to make sure your agent is an expert in your area, has a proven record helping people buy and sell similar homes to yours, and is well regarded by their previous clients. Let us know a few details about the property you are selling or the kind of home you want to buy, and Agent Pronto will match you with trusted real estate agents that have the experience you need. And before you interview an agent, check out our top five questions to ask a buyer’s agent and listing agent.
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We consider performance metrics, close rates, specialties, and client reviews to qualify the best full-time agents. We then take the information you provide about the home you are selling or the kind of home you want to buy, and analyze the top local agents with the right experience for your specific needs. For more than a decade, we've helped hundreds of thousands of home buyers and sellers find the right agent. Get started now and find the perfect real estate agent.
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No. Agent Pronto is a free service for home buyers and sellers and you are under no obligation to work with our recommended agents. Find your Shepherd Realtor® or real estate agent today.
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