2022 Belgrade, MT Real Estate Listings
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.
Chart 1: In the last 12 months, Belgrade real estate median prices increased from $410,000 to $516,000, an increase of ⇑ $106,000 or ⇑ 25.8%.
In the last year, Belgrade real estate prices (now $516,000) have increased such that they now match those of Bozeman ($516,000) in May 2021.
Median sales prices ⇑ in Belgrade have risen from $287,000 in July 2018 to $325,000 in July 2020, to $516,000 in July 2022: a ⇑ $229,000 increase or ⇑ 79.8% increase in 4 years!
In the last 6 years, the gap in residential prices has been widening between the two cities.
The spread was $89,000 in July 2016, $120,000 in July 2018, $112,100 in July 2020, and $173,000 in July 2022, the gap was $186,745.
Belgrade’s average sales price has increased ⇑ $286,000 or ⇑ 124%, since July 2016!
Bozeman’s average sales price has increased slightly less, ⇑ $370,000 or ⇑ 116%, during that same 6-year period!
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.
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