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Featured local agent — Belgrade, MN
Sarah Mitchell
Compass Real Estate · Belgrade, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Belgrade, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$170,000median sale price
How is the Belgrade, MN housing market right now?
The median home sale price in Belgrade, MN is $170,000, down 19.4% year-over-year. Homes sell in an average of 14 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Belgrade a buyer's or seller's market?
Belgrade, MN is currently a balanced market and homes selling in about 14 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
14
Fast-moving
Active listings
—
Sale-to-list
97.2%
Below asking
What does the Belgrade housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $170,000 |
| Year-over-year price change | -19.4% |
| Average days on market | 14 days |
| Sale-to-list price ratio | 97.2% |
| Median price per sq ft | $134/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Belgrade by property type?
How the Belgrade, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $170,000 | $134/sq ft | 1 | 14 days |
Source: Redfin · Updated monthly
The Belgrade housing market is currently classified as a balanced market with a median sale price of $170,000. Prices have fallen 19.4% compared to last year, with homes spending an average of 14 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Belgrade
Explore homes currently listed for sale in Belgrade, Minnesota across major real estate platforms.
Who lives in Belgrade?
Population
757
Median income
$48,977/yr
Median age
36.8 years
Owner-occupied
73.2%
College grads
16.4%
Avg commute
21.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Belgrade?
Zillow home value
$188,322
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Belgrade?
Belgrade is a community of approximately 1K residents with a median age of 36.8 years.The median household income is $48,977, which represents a working-class community with solid middle-income opportunities. 16.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Belgrade offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Belgrade?
2 schools tracked · 317 students
The largest public schools serving Belgrade, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
BELGRADE-BROOTEN-ELROSA SEC.
Grades 6-12 · 317 students
BBE LEARNING CENTER
Grades 7-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Belgrade, MN?
Want a head-to-head view? Compare Belgrade side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Belgrade?
The median home sale price in Belgrade is $170,000, down 19.4% from last year.
How long do homes stay on market in Belgrade?
Homes typically spend 14 days on market before going under contract.
What is the median income in Belgrade?
The median household income is $48,977 per year.
What is the Zillow home value estimate for Belgrade?
The Zillow Home Value Index (ZHVI) for Belgrade is $188,322, representing the typical home value in the area.
How much does a single-family home cost in Belgrade?
The median single-family home price in Belgrade, MN is $170,000 (about $134 per square foot).
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