There is no favorite listings!
Intro to Bozeman

Pricing Trends in Belgrade – Good news here!

by Liz Nitz

As promised, I have put together a follow-up to my post about Price trends in Bozeman and have applied a similar analysis to just single family, condos, and townhomes in Belgrade. Compare these notes to my Blog about Bozeman Pricing trends published on 11/15.  I had to change the price parameters a bit because the majority of homes sold have lower prices than those of Bozeman homes.

In the first graph below which represents homes sold for 300K or less, we see townhomes and single family home prices leveling out a bit in the second half of 2019 while townhomes have actually taken a little jump in the past few months.  In the second graph which represents home pricing from 300 – 400 K, we see single family homes pricing fairly flat this year with even a slight decline.  Condos took a big jump at the beginning of the year and then leveled out.  In the last two graphs, there are no sold townhomes or condos over 400K and we see mostly flat or decreasing prices in single family homes over 400K.

An interesting note and juxtaposition to pricing as it relates to supply and demand, is how many homes are on the market in each category.  In the less than 299K category, condos and single family home listings for sale have decreased by 20 and 40% respectively this year but townhomes have increased by 25%.  In the 300-400K category, single family home inventory was at 39 homes which indicated a rise of 39.3% and perhaps leading to the softening of the market pricing in that category.  Inventory in the 400-550K category also increased by 66% however that means from 7 homes to 15 homes available.  In the over 550K category, single family home inventory has increased by 10% but that’s only about 3 homes.  My advice to a buyer would be to utilize the VERY low mortgage rates right and go look at single family homes.  There is enough inventory for sale that I think you would do well in a negotiation.

These numbers reflect sold pricing.  Remember that Montana is a non-disclosure state so only licensed real estate professionals can access accurate data.  If you would like to dive deeper into market trends, please reach out and let’s have a conversation!  I hope you found this helpful – please pass it on!!

Gallatin Gateway

 

 

Belgrade housing market median sales price by property type 300000

 

Belgrade housing market median sales price by property type 300000-400000

 

Belgrade housing market median sales price by property type 400000-550000

 

Belgrade housing market median sales price by property type 550000

Share

Table of Contents
Bozeman median home value

Increase Your Home's Value

It's a hot market in Bozeman. Don't leave money on the table!

In As Little As A Day

Grab these 7 tips to increase your home's value today!
Get My Guide
Featured Properties
No Comments

Post A Comment

What is Dillon Montana like?

What Is Dillon Montana Like?

What Is Dillon Montana Like? Dillon offers a true Montana experience with plenty of outdoor recreation and small-town charm. Dillon is the county head for Beaverhead County, the largest in Montana. The county includes 5,551 square miles of diverse geography, including 30 square miles of

Read More →
summer programs for kids

Summer Programs for Kids in Bozeman

Looking for active and engaging summer programs for kids in Bozeman? Here are some of the most popular and fun summer programs for kids of all ages. And many of them offer full-day camps, which is great for working parents. Many 2021 summer programs have

Read More →
New on the MLS

Latest Listings

The following homes listed below were just listed in the last 7 days. This seller’s market is hot so we keep a close eye on the latest inventory. Subscribe below for instant updates of your ideal criteria.

You don't have access to see properties! Please login or register first.

home

Let me help
you find yours.

Windermere Downtown logo Bozeman Real Estate Agent Liz Nitz

Range Properties

135 E Main St.

Bozeman, MT 59715

MLS Realtor logo Bozeman Real Estate Agent Liz Nitz
Equal Housing Opportunity Bozeman Real Estate Agent Liz Nitz
Copyright © 2020 by Liz Nitz dba Range Properties. All rights reserved. View our Privacy Policy.
Made with ♡ by PagePerfect.
Play Video

Get In Touch

Start the Conversation

Play Video

Don't leave money on the table

Increase Your Home's Value in A Day

Get Dynamic Updates

Save a custom search on this page & I'll email you instantly when a new listing matches the criteria.