Belgrade, MT Real Estate Listings – Homes, Land, Farm, Ranch, Commercial Properties
Homes Cost $422,500 in Belgrade, Montana, July 2021
This proximity to Bozeman, and more affordable housing choices, makes Belgrade an attractive alternative to Bozeman.
Belgrade is only about 10 miles from Bozeman, making it a great place to live and quickly commute to Bozeman, and other southwest Montana cities.
As prices continue rising in the Bozeman, Montana, Belgrade real estate also has seen price increases, especially in the past 5 years.
Chart 1: Belgrade home prices have increased $43,500 in 2021 alone, up about ⇑ 11.5.%
Median sales prices ⇑ in Belgrade have risen from $192,500 in January 2014 to $255,000 in January 2017 and to $375,000 in January 2021: an ⇑ 85% increase in 7 years.
Bozeman’s median sales price has increased a bit more, up about ⇑ 98% during that same 7-year period!
Is residential real estate in Belgrade more affordable than in Bozeman?
Chart 2: Though the median sales price trend between Belgrade and Bozeman residential real estate (homes, condos, townhouses) has been rising and running parallel for years, the gap has been widening during those years between the two cities.
The difference between sales prices of the two cities was $106,000 in January 2014, moving up to $120,000 in January 2017, and continuing upward to January 2021’s ~$214,100.
Today, in July 2021, Belgrade’s median residential sales price is $227,500 lower than Bozeman’s!
Consequently, this makes Belgrade the more affordable town for families searching for a single-family home. Bozeman’s single-family “median sales prices” continue to rise at a faster rate than Belgrade’s.
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