April 7th, 2022

Belgrade Real Estate For Sale

Taunya Fagan Belgrade Montana Real Estate

Belgrade, MT Real Estate Listings Q2 2023

Belgrade Real Estate Listings Under $100000Belgrade Real Estate Listings $700000 to $800000
Belgrade Real Estate Listings $100000 to $200000Belgrade Real Estate Listings $800000 to $900000
Belgrade Real Estate Listings $200000 to $300000Belgrade Real Estate Listings $900000 to 1 million
Belgrade Real Estate Listings $300000 to $400000Belgrade Real Estate Listings 1 million to 2 million
Belgrade Real Estate Listings $400000 to $500000Belgrade Real Estate Listings 2 million to 4 million
Belgrade Real Estate Listings $500000 to $600000Belgrade Real Estate Listings Over 4 million
Belgrade Real Estate Listings $600000 to $700000Belgrade, Montana History

Home in Belgrade? – Sales ReportBelgrade HistoryBelgrade, MT Schools

Belgrade Montana is approximately 11 miles from Bozeman, MT, where prices are substantially higher.

Because Belgrade is close to and less expensive than Bozeman, it’s a lifestyle choice worth looking at.

This proximity to Bozeman, and more affordable real estate choices, makes Belgrade (and others) an attractive alternative to Bozeman.

 

Photo Belgrade & Bozeman real estate median sales prices, Q1, 2023 (all residential).
Chart 1: Belgrade & Bozeman real estate median sales prices, Q1, 2023 (all residential).

Chart 1: In the last 12 months, Belgrade real estate median prices slipped from $539,900 ($525,000 this quarter) to $537,790, a decrease of ⇓ $1210 or ⇓ <1%.

 

In the last 2 quarters, Bozeman and Belgrade real estate prices (Bozeman now down to $700,000 ) have decreased from their record high of $560,000 at the end of Q1 2022.

Since Covid, median sales prices in Belgrade had risen significantly, from $320,950 in Q1 2020 to $480,000 in Q2 2021, to $560,000 in Q1 2022: a $239,050 increase or 74.5% increase in 3 years!

In the last 10 years, the rate of residential price increase has been similar between Belgrade, rate of 222%, and Bozeman, rate of 241%.

Photo Median price Belgrade real estate (homes, condos, townhouses).
Chart 2: Median price Belgrade real estate (homes, condos, townhouses).

The price spread between the 2 cities was $89,000 in July 2016, $120,000 in July 2018, $112,100 in July 2020, and $173,000 in July 2022.

Belgrade’s median sales price has increased ⇑ $345,750 or ⇑ 2o4.3%, since Q1 2013 ($169,250).

Bozeman’s median sales price has increased ⇑ $438,000 or ⇑ 267.2%, during that same 10-year period ($262,000).

Residential real estate in Belgrade is more affordable than in Bozeman.

Chart 2: Both Belgrade and Bozeman residential real estate (houses, condos, townhouses) for sale numbers have been dropping since mid-2020 and are presently stable at 35 and 145 respectively.

Consequently, Belgrade remains the more affordable town for families searching for a single-family dwelling.

In fact, other southwest Montana cities, like Manhattan and Three Forks are less expensive and reasonably close to Bozeman.

Bozeman Real Estate ListingsBig Sky Real Estate ListingsGallatin Gateway MT Real Estate ListingsLivingston Montana Real Estate ListingsManhattan MT Real Estate ListingsThree Forks Montana Real Estate Listings

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Taunya Fagan

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