Is Belgrade, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Belgrade has remained a Seller's Market.
Housing Prices in Belgrade, MT
How much do homes in Belgrade, MT cost?
Median Sold Price
$541,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Belgrade was $541,000 in May 2024, up 3.1% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $282.4K | +15.3% |
2 Bedrooms | $350K | $385K | +10.0% |
3 Bedrooms | $505K | $520K | +3.0% |
4 Bedrooms | $630K | $640.2K | +1.6% |
5+ Bedrooms | $728K | $775K | +6.5% |
Summary: Belgrade housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in Belgrade, MT
How many homes are available in Belgrade, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
135 | 141 | +4.4% |
Summary: The Belgrade real estate market had 141 homes for sale in May 2024, a 4.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 86 | 85 | -1.2% |
4 Bedrooms | 26 | 24 | -7.7% |
5+ Bedrooms | 16 | 24 | +50.0% |
Summary: The Belgrade housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 30 | -3.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Belgrade in May 2024, down by 3.2% month-over-month. Of the 30 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Belgrade, MT
How long does it take to sell a home in Belgrade, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 28 Days | -19.3% |
Summary: Homes in Belgrade had an average of 28 days on market in May 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Belgrade; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.