Belgrade Montana Real Estate Market - Bozeman Real Estate Group

Belgrade Market Report

Is Belgrade, MT a buyer’s
or seller’s market?


This snapshot of Belgrade's housing market is based on the months supply of inventory and is calculated by dividing the number of homes on the market by the number of homes that have sold in the last month.

A BUYERS
MARKET
NEUTRAL
MARKET
A SELLERS
MARKET
Needle

How much do homes cost
in Belgrade, MT?


The median sold price includes single-family homes, condos and townhomes

$553,250

(+13.49%) Year Over Year Change

What do different types of homes cost?


This is the median sales price for each home type sold in Belgrade. The median sold price is based on monthly data.

Type March 2023 March 2024 Year Over Year Change

SINGLE FAMILY

$637,000

$581,350

9%

TOWNHOME

$474,900

$516,250

9%

CONDO

$319,450

$340,000

6%

What do homes cost in other areas?


This is the median price for which single-family homes, condos, and townhomes were sold in the specified area. This number is based on monthly data.

City March 2023 March 2024 Year Over Year Change

$721,500

$730,000

1%

$1,200,000

$2,712,500

126%

$525,000

$489,000

7%

$550,000

$580,000

5%

$699,000

$749,900

7%

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How many homes have sold in Belgrade, MT?


This is the total number of residential properties (single-family homes, condos, and townhomes) sold in Belgrade this month.

March 2023

27

March 2024

20

Year Over Year Change

26%

How Many Homes Sold Over the
Asking Price in Belgrade, MT?


This is calculating how many homes sold (including single-family, condo, and townhomes in the specified area) for over the asking price vs under the asking price in the past month.

6 Homes Were Sold
Under Asking Price

8 Homes Were Sold
At Asking Price

6 Homes Were Sold
Over Asking Price

What Percentage of the Listing
Price Are Sellers Getting?


This number shows what percent of the listing price sellers are getting in the Belgrade market. While this number has been decreasing, it is still well above 90%.

98.5%

1% Year Over Year Change

How long does a home spend on the market?


This is the median number of days between when a home is listed and when it goes under contract.

March 23

14

March 24

25

Year Over Year Change

79%

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