Belgrade Real Estate Market Update: May 2025
- Nicole Taranto
- Jun 4
- 2 min read
If you're considering buying or selling a home in Belgrade, Montana, it's crucial to understand where the market stands today. Using MLS data from January 1 through May 31, 2025, here’s an in-depth look at what’s happening across sold, expired, and canceled listings—and what it means for you.
1. Pricing Trends in Belgrade Real Estate
Year-to-Date (Jan–May 2025)
Median Sold Price: $545,000
Average Sold Price: $561,735
Median Days on Market: 19
Average Days on Market: 42
These figures indicate stable pricing with moderate time on market, suggesting a market that’s not overly competitive but still healthy.
May 2025 Snapshot
Single Family Homes:– Median Price: $595,313 (up 20.5% YoY)– Median Price/SF: $344– Inventory increased by 53.1% YoY
Condos & Townhomes:– Median Price: $455,000 (up 10.5% YoY)– Median Price/SF: $283
Takeaway: Prices are trending slightly upward for both property types in May 2025, with significant inventory increases hinting at more choices for buyers and potential negotiation leverage.
2. Sold vs. Expired or Canceled Listings
Of the 344 total listings reviewed:
Sold Listings: 141
Expired or Canceled: 203
That means 41% of listings failed to sell on the first attempt, underscoring the importance of strategic pricing and experienced representation.
Price Segment Performance
The most successful price brackets were:
$500K–$599K: 49 homes sold
$600K–$699K: 30 homes sold
$400K–$499K: 18 homes sold
<$400K: 15 homes sold
Notably, higher price ranges above $700K saw a sharp drop-off in successful sales, with only 11 closings between $700K and $799K.
3. The Impact of Overpricing
A clear pattern emerges: overpriced homes lingered on the market longer and frequently failed to sell.
Median DOM for Sold Homes: 19 days
Median DOM for Expired/Canceled: over 90 days in many cases
Average Sold Price/SF: $312
Expired listings averaged higher original price tags per square foot without justification through upgrades or location.
Lesson: Overpricing not only delays your sale but may lead to a full expiration of your listing. Strategic pricing with a market-savvy agent leads to better outcomes.
4. Belgrade’s Market Sweet Spots
These segments showed strong buyer activity:
Single-family homes priced between $500K–$650K
Townhomes and condos priced between $400K–$470K
Homes with 3–4 bedrooms and under 30 DOM
Neighborhoods like Ryen Glenn, Henson, and parts of West Belgrade consistently saw faster movement and fewer expirations.
Feature Trends: Properties with updated kitchens, fenced yards, and proximity to schools tended to move faster—even if slightly above average price per square foot.
Final Thoughts
Belgrade’s real estate market remains active, with buyers still engaging aggressively in key price brackets, but only when homes are priced right. If you're thinking about buying or selling, it’s essential to align with a local expert who understands the nuances of Belgrade real estate—from pricing strategy to presentation.
📲 Want to know what your home is worth or where the best opportunities are? Reach out today for a personalized consultation.
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