Belgrade, MT Real Estate Listings – Homes, Land, Farm, Ranch, Commercial Properties
Homes Cost $487,750 in Belgrade, Montana, September 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 Bozeman, Belgrade real estate also has seen price increases, especially in the past 5 years.
Chart 1: Belgrade home prices have increased ⇑ $109,350 in 2021 alone, up about ⇑ 29%.
Median sales prices ⇑ in Belgrade have risen from $192,500 in January 2014 to $259,500 in January 2017 and to $380,000 in January 2021: an ⇑ 97% increase in 7 years.
Add to this a ⇑ 29% increase since January 2021 and Belgrade prices match those of Bozeman just 2 years ago!
Bozeman’s median sales price has increased at about the same rate, ⇑ 98% during that same 7-year period!
Is residential real estate in Belgrade more affordable than in Bozeman?
Chart 2: For years the median sales price trend between Belgrade and Bozeman residential real estate (homes, condos, townhouses) had been rising and running parallel. In Q3 2021 the gap is narrowing, with Belgrade real estate prices climbing at a slightly steeper rate than Bozeman.
The difference between sales prices of the two cities was $106,000 in January 2014, moving up to $120,000 in January 2017, to January 2021’s $110,100.
Today, in September 2021, Belgrade’s median residential (homes, condos, townhouses) sales price is $141,250 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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