Is Belgrade, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$540,666
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Belgrade was $540,666 in April 2024, up 5% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249K | $295K | +18.5% |
2 Bedrooms | $311.9K | $365K | +17.0% |
3 Bedrooms | $510K | $515K | +1.0% |
4 Bedrooms | $611.8K | $670K | +9.5% |
5+ Bedrooms | $664K | $755K | +13.7% |
Summary: Belgrade housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 13.7%.
Housing Supply in Belgrade, MT
How many homes are available in Belgrade, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 129 | +15.2% |
Summary: The Belgrade real estate market had 129 homes for sale in April 2024, a 15.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 69 | 83 | +20.3% |
4 Bedrooms | 28 | 28 | 0.0% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Belgrade housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 20.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 30 | +87.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Belgrade in April 2024, up by 87.5% month-over-month. Of the 30 sold homes, 37% were sold under asking, 37% were sold at asking, and 27% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 44 Days | +23.7% |
Summary: Homes in Belgrade had an average of 44 days on market in Apr 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Belgrade; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.