May 27th, 2021

Montana Land For Sale

Montana Land For Sale Taunya Fagan Photo

Montana Land For Sale: Building, Commercial, Residential, Agricultural, Farm, Hunting, Ranch

May 2021: 930 Listings of Land For Sale in Montana – Land Costs, Closed Sales, Days on Market

Montana Land Listings Below $25000Montana Land Listings $400000 To $500000
Montana Land Listings $25000 To $50000Montana Land Listings $500000 To $600000
Montana Land Listings $50000 To $100000Montana Land Listings $600000 To $700000
Montana Land Listings $100000 To $125000Montana Land Listings $700000 To $900000
Montana Land Listings $125000 To $150000Montana Land Listings $900000 To $1 Million
Montana Land Listings $150000 To $200000Montana Land Listings $1.0 To $1.5 Million
Montana Land Listings $200000 To $300000Montana Land Listings $1.5 To $2.5 Million
Montana Land Listings $300000 To $400000Montana Land Listings Above $2.5 Million

History Montana Land For Sale: Median Sales Price
Chart 1: Median sales price history, Montana land, 2015 to date.

Median Sales Prices For Montana Land

Chart 1: Median price for all Montana land in June 2020 was $102,000; the price has risen ⇑ $13,000 to $115,000 in May 2021.

Trends: From May 2018 to October 2019, median price for all Montana land held steady at around $96,500.

Median prices for land 30 acres or more was $250,000 in June 2020 and has risen ⇑ $75,000 to $325,000 in May 2021.

Montana Land: Average Days on Market

Chart 2: May 2021 average days on market is 168. In June 2021, average days on market was 181.

Average Days on Market Montana Land
Chart 2: Average days on market Montana Land, 2015 to date.

Average days on market in October 2017 was a 7-year high of 224.  A year later, the price bottomed out at a record 162.

Montana Land: Closed Sales

Chart 3: Closed sale of Montana land have skyrocketed in the last year, rising by ⇑ 1,1117, which is a ⇑ 97% increase in just one year. There were 1147 closed sale in June 2020. Today, there are 2264.

In June 2020 there were 1768 total Montana land listings for sale. Today there are approximately 930.

From farming and ranching to transportation and tourism, our economic environment is dependent on the land, which is why buying land for sale in Montana is an excellent investment.

Montana Land: Economy and Commerce

Originally, most of the State’s economy was directly based on Montana land.

Closed Sales of Montana Land For Sale
Chart 3: Closed sales of Montana land, 2015 to date.

Today, Montana’s economic landscape is based on tourist enterprises (fishing, hunting, skiing, dining, etc.), trade and tech industries, transportation, government agencies, educational systems, and other types of commerce.

While having yielded to new forms of modern commerce indirectly related to Montana land, Montana’s economy continues to benefit directly from the land through cattle and sheep grazing; acreage for homes and commercial buildings.

Montana land also provides soils for farming and ranching; open land for hunting and fishing; and geologic formations for petroleum and minerals (e.g., clay, coal, copper, garnet, gold, phosphate, platinum, sapphire, talc, vermiculite), all of which are just as important for maintaining Montana’s economy as are the more “modern” industries, like technology and manufacturing.

Public and Private Montana Land Ownership Maps

Montana Topography

Although two-thirds of Montana’s land consists of rolling grasslands, the state of Montana is home to more than 25 significant mountain ranges.

Taunya Fagan Montana Land For Sale

Rising to 12,693′, Granite Peak is Montana’s highest elevation, and the River Valley of the Kootenai claims the lowest point in Montana at 1,892.’

“Montaña Relucientes,” meaning “shining mountains,” is the Spanish term from which we get the name “Montana.”

Montana Geography

Regardless of your geographic position in the State, Montana land (and you with it!) experiences wet-dry and hot-cold extremes, and although the State has an abundance of lakes, rivers and streams, it is not immune to extreme dry periods, which effect Montana’s land, known for its rich agricultural and ranching history.

Not to be outdone in the category of extremes, summer temperatures in Montana have reached beyond 115ºF (46ºC) and winter temperatures have plummeted to –70ºF (-56ºC).

BOZEMAN REAL ESTATE REPORTS

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