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

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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.

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67 Wickwire Way, Bozeman, Montana 59718

67 Wickwire Way, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.19Acre
2,067Sqft
Settle into new construction at Black Bull. Located steps away from club amenities and backing to open space, "The Bungalow" offers single level living at its finest. The Bungalow is just over 2,000 sq feet, with 3 beds and 2.5 bathrooms.
$849,000

1995 Buckrake Avenue, Bozeman, Montana 59718

1995 Buckrake Avenue, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.12Acre
1,757Sqft
This townhouse is a rare find, with a fully fenced back and side yard, large wraparound deck, and bordering park space on two sides. Surprisingly good Bridger mountain views from the deck, living room and master suite. Main living areas are on the first floor, with all bedrooms and laundry area on the second floor.
$460,000

5756 Westmorland Drive, Bozeman, Montana 59718

5756 Westmorland Drive, Bozeman, Montana 59718

4Bedroom(s)
2Bathroom(s)
0.10Acre
1,986Sqft
Oh yes, the Lakes of Valley West; a highly sought after community located in Bozeman, MT! This lovely home features 4BR/2.BA & will knock your socks off with its contemporary look and feel w/ large southern exposure windows, located at the end of a cul-de-sac and adjoins the community walking trail.
$599,900

71 Ridge Line Lane, Bozeman, Montana 59718

71 Ridge Line Lane, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.20Acre
3,286Sqft
Here is your opportunity to own a beautiful home in North Star Subdivision. As you enter the home you will notice the main level provides a functional open-concept floor plan throughout the living, dining, and kitchen area. This home is accented with wood trim, vaulted ceilings, a beautiful gas fireplace, stainless steel appliances, built-in speakers, and the kitchen features granite countertops.
$595,000

1297 Thomas Drive, Bozeman, Montana 59718

1297 Thomas Drive, Bozeman, Montana 59718

2Bedroom(s)
2Bathroom(s)
1,075Sqft
Newly constructed condominiums offering a combination of 1 BD/1.5 BA units along with 2BD/2BA units and 2BD/2.5BA properties. GE appliance package with including electric range, dishwasher, disposal, microwave, exhaust hood, washer/dryer, refrigerator. Quartz countertops, natural gas forced air and AC. Walk-in closets with storage, some condos have decks with additional storage.
$360,000

2929 Texas Way, Bozeman, Montana 59718

2929 Texas Way, Bozeman, Montana 59718

4Bedroom(s)
1Bathroom(s)
4Acre
2,348Sqft
Hard to find small ranchette property in SW Bozeman. Though only four acres this property has it all. The home was originally built in 1969, but has been completely remodeled with Anderson wood windows, hardwood floors, upgraded cabinets, granite counter tops, plumbing, lighting, etc.
$1,250,000

606 Park Place, Bozeman, Montana 59715

606 Park Place, Bozeman, Montana 59715

5Bedroom(s)
3Bathroom(s)
0.31Acre
3,530Sqft
Welcome to the charming SE Bozeman neighborhood of Westfield & this fabulous (currently being remodeled) home at 606 Park Place that features a versatile floor plan with mature landscaping that makes this property great for years of living, growth & memorable gatherings. This home includes 5 bedrooms & 3.
$821,010

3138 Annie Street, Bozeman, Montana 59718

3138 Annie Street, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.16Acre
1,918Sqft
Welcoming home in Harvest Creek! Built in 2011, this home is lightly lived in! It features 3 bedrooms, 2 full baths with a total of 1918+/- square feet including a massive bonus room upstairs! Master bedroom and ensuite bath on the main level. Covered front and rear patios with a fully fenced back yard. Great location and close to parks! On the interior of the subdivision and a quiet street.
$564,900

1419 S 3rd Ave, Bozeman, Montana 59715

1419 S 3rd Ave, Bozeman, Montana 59715

4Bedroom(s)
3Bathroom(s)
0.21Acre
2,632Sqft
This charming home located just minutes from MSU is move in ready. Too many updates and upgrades to list, but some include an open, modern floor plan, upgraded kitchen with stainless steel appliances, new light fixtures, and more! The master suite features a spacious and upgraded bathroom. The back yard is an oasis, perfect for entertaining on the spacious deck.
$899,000
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Bozeman, MT 59715

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