June 2nd, 2021

Belgrade Home Sales Report

Photo Belgrade Montana Homes Real Estate Market Report May 2021

Belgrade, Montana Home Sales Report – Search Belgrade Real Estate

Belgrade, MT Homes Cost $410,000 in June 2021

Market Trends, Forecast Updates – Belgrade Home Prices vs Bozeman Home Prices

MEDIAN HOME SALES PRICEBELGRADEBOZEMAN
JUNE 2021$410,000$635,000
MARCH 2021$390,200$609,950
DECEMBER 2020$378,400$585,000
SEPTEMBER 2020$369,450$542,000
JUNE 2020$350,000$515,000

Chart 1: In June 2021, median sales price for Belgrade homes is $410,000, up $30,000 or 7.9 % above January 2021’s $380,000.

Bozeman vs Belgrade Median Home Sales Price History
Chart 1: Median Sales Prices, Single Family Homes Bozeman vs Belgrade.

This $410,000, is 55% or $225,000 lower than the median sales price of $635,000 for a Bozeman home in June 2021.

In like manner, June’s Belgrade residential market (single-family, condos, and townhomes) continues moving upward with median sales price at $374,900 for homes, condos, and townhouses, up 7.8% or $27,075 above January’s $347,825.

Confused about median vs. average?

Since 2015, Belgrade median home prices (chart 1) have increased 95% or $200,000, and the availability of residential Belgrade properties (chart 2)–homes, condos, and townhomes–has dropped to its lowest in years.

History Belgrade Homes For Sale
Chart 2: History, Number Belgrade Montana Homes, Condos, Townhouses For Sale

Today, in June 2021, there are only 30 residential (homes, condos, townhouses) dwellings for sale in Belgrade, MT; 25 of those 30 residential properties are homes for sale in Belgrade.

Belgrade Median Number Homes For Sale

Chart 2: The number of Belgrade homes for sale, has been declining since March 2020 and into June 2021.

Belgrade Real Estate Number of Closed Sales

Belgrade Real Estate Number of Closed Sales
Chart 3: Belgrade Real Estate Number of Closed Sales

Chart 3: For years, the yearly number of closed sales for all residential dwelling types rose slightly but has been declining since October 2020.

Since the beginning of 2021, the sale of homes in Belgrade has dropped a bit. Sales of condos and townhouses has slightly declined as well this year.

Belgrade Median Residential Sales Price By Property Type

Chart 4: The overall Belgrade, MT residential real estate price (median) continues upward into June 2021, primarily due to single-family home price increases.

Belgrade Median Sales Price by Property Type
Chart 4: Belgrade Median Sales Price by Property Type

In “All Property Types,” every property type has been rising for years, with single-family homes surpassing the  $400,000 mark in 2021.

Belgrade condo prices have kicked up significantly since March 2021.

Belgrade Median Home Sale Prices By Year Built

Belgrade Montana Median Sales Price History by Year
Chart 5: Belgrade Real Estate: Median Sales Price History by Year

Chart 5: Belgrade’s rising median home price trend continues upward in 2021 but is ⇓ 55% or ⇓ $225,000 lower than Bozeman’s upward trend.

Both trends have continued upward and were parallel for years until diverging in mid-2020, with Bozeman increasing at a steeper rate.

Overall, median home sales prices for Belgrade and Bozeman have been rising for many years. 

In 2021, both Belgrade and Bozeman residential sales prices continue to rise, and both SW Montana real estate markets continue their vibrancy in a diminishing Covid world.


BOZEMAN REAL ESTATE REPORTS

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