December 7th, 2022

Belgrade Real Estate For Sale

Taunya Fagan Belgrade Montana Real Estate

Belgrade, MT Real Estate Listings

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Belgrade Real Estate Listings $600000 to $700000Belgrade, Montana History

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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.

Photo Median Belgrade & Bozeman real estate sales prices (all residential).
Chart 1: Median Belgrade & Bozeman real estate sales prices (all residential).

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

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 of 2022 Bozeman and Belgrade real estate prices (Bozeman now $925,000) have decreased from their record highs at the end of Q1 2022.

In the past 2 years, median sales prices in Belgrade had risen significantly, from $319,948 in Q2 2020 to $480,000 in Q2 2021, to $560,000 in Q1 2022: a $240,052 increase or 75% increase in about 2 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%. But although both increased at similar rates, Bozeman price increases

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

For example, the price spread between the 2 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 ⇑ $351,000 or ⇑ 2o2.2%, since Q3 2012 ($174,000).

Bozeman’s median sales price has increased ⇑ $511,550 or ⇑ 213.1%, during that same 10-year period ($240,000).

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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