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 PRICE||BELGRADE||BOZEMAN|
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.
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.
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
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.
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
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.