Belgrade Housing Market Report January 2025•Gallatin County, Montana

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Housing Prices in Belgrade, MT

How much do homes in Belgrade, MT cost?

Housing Market Conditions

Is Belgrade, MT a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Belgrade is a Seller's Market

Difference Since January 2024

At the same time last year, Belgrade was a Neutral Market.

Insight

Belgrade is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$541,316$302/SqFt
+$5,379
+1.0%

Based on all homes sold in the last 12 months

Insight

Homes in Belgrade have sold for 1% more than they did a year ago.

Summary: The median home sold price in Belgrade was $541,316 in January 2025, up 1% from last year, and the median price per square foot was $302.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$300K$269.9K
-10.0%
2$367.5K$340K
-7.5%
3$510K$522.9K
+2.5%
4$677.5K$615K
-9.2%
5$755K$856K
+13.4%

Summary: Belgrade housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -10.0%. The home price for 2 bedroom homes decreased by -7.5%. The home price for 3 bedroom homes increased by +2.5%. The home price for 4 bedroom homes decreased by -9.2%. The home price for 5 bedroom homes increased by +13.4%.

Housing supply in Belgrade, MT

How many homes are available in Belgrade, MT?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
113Last MonthJan 2025
1192 months agoDec 2024
-5.0 %
Change MoMDec – Jan

Summary: The Belgrade real estate market had 113 homes for sale in Jan 2025, a 5.0 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
21Last MonthJan 2025
222 months agoDec 2024
-4.5 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
276
-14.3%
37272
0.0%
42622
-15.4%
51413
-7.1%

Summary: Belgrade housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -14.3%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -15.4%. The inventory for 5 bedroom homes decreased by -7.1%.

Asking Price vs. Sold Price

How much do homes in Belgrade, MT cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price7 Homes

Under Asking Price9 Homes

Insight

If you're buying a home in Belgrade, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Belgrade in January 2025, down by 4.5% month-over-month. Of the 21 sold homes, 43% were sold under asking, 33% were sold at asking, and and 24% were sold over asking.

Days on Market for Belgrade, MT

How long does it take to sell a home in Belgrade, MT?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days7 Homes

Over 90 Days10 Homes

Insight

Most homes in Belgrade are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 21 homes were sold in Belgrade; 19% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
92 DaysThis YearJan 2025
29 Days1 year agoJan 2024
+210.7 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Belgrade had an average listing age of 92 days in Jan 2025, up by 210.7% compared to the previous year.

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Newest Listings in Belgrade, MT

What homes are available in Belgrade, MT?

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Nearby markets aren't available for Belgrade, MT

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MLS Disclaimers and Copyright

Based on information from Big Sky Country MLS, and Montana Regional MLS for the period 02/01/2023 - 02/01/2025

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 5:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2025 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 5:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.