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Featured local agent — Belgrade, MT
Sarah Mitchell
Compass Real Estate · Belgrade, MT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Belgrade, MT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$572,400median sale price
How is the Belgrade, MT housing market right now?
The median home sale price in Belgrade, MT is $572,400, up 1.1% year-over-year. Homes sell in an average of 65 days with 89 active listings. 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, MT is currently a balanced market, based on 3.0 months of supply and homes selling in about 65 days. How we determine this →
Homes sold
30
Last 12 weeks
Days on market
65
Average pace
Active listings
89
3.0 months supply
Sale-to-list
—
Below asking
What does the Belgrade housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $572,400 |
| Median list price | $589,450 |
| Year-over-year price change | +1.1% |
| Average days on market | 65 days |
| Active inventory | 89 listings |
| Months of supply | 3.0 months |
| Median price per sq ft | $309/sq ft |
| Homes sold (latest month) | 30 |
| New listings (latest month) | 32 |
| Listings with a price cut | 16.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Belgrade by property type?
How the Belgrade, MT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $599,000 | $322/sq ft | 23 | 61 days |
| Condo / Co-op | $340,000 | $227/sq ft | 3 | 125 days |
| Townhouse | $460,750 | $265/sq ft | 4 | 151 days |
Source: Redfin · Updated monthly
The Belgrade housing market is currently classified as a balanced market with a median sale price of $572,400. Prices have risen 1.1% compared to last year, with homes spending an average of 65 days on market, indicating 3.0 months of inventory.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 6.2x provides context for how home values compare to local earning capacity.
Homes for sale in Belgrade
There are currently 89 homes listed for sale in Belgrade, Montana. The median listing price is $589K.
Active listings
89
Homes on market
Median list price
$589K
Avg. days on market
65
Days until sale
New this week
32
Newly listed
Who lives in Belgrade?
Population
11,425
Median income
$88,896/yr
Median age
33.2 years
Owner-occupied
55.5%
College grads
37.4%
Avg commute
23.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Belgrade?
Zillow home value
$554,966
Zillow rent index
$2,188/mo
Price-to-rent ratio
21.1x
Price-to-income
6.2x
Source: Zillow Research
What is it like to live in Belgrade?
Belgrade is a community of approximately 11K residents with a median age of 33.2 years.The median household income is $88,896, which reflects a relatively affluent area with strong earning potential. 37.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 55.5%, showing a blend of owner and renter-occupied properties. The average commute time is 23.4 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?
7 schools tracked · 3,325 students
The largest public schools serving Belgrade, MT 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 High School
Grades 9-12 · 994 students
Belgrade Middle School
Grades 5-8 · 980 students
Ridge View Elementary
Grades PK-4 · 454 students
Saddle Peak Elementary
Grades PK-4 · 438 students
Story Creek Elem
Grades PK-4 · 431 students
Springhill School
Grades PK-8 · 15 students
Pass Creek School
Grades PK-8 · 13 students
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, MT?
Want a head-to-head view? Compare Belgrade side-by-side with any other U.S. city using our market-comparison tool.
Is Belgrade a good real estate investment market?
For investors evaluating Belgrade, the price-to-rent ratio of 21.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 1.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Belgrade's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Belgrade's median home price.
Frequently asked questions
What is the average home price in Belgrade?
The median home sale price in Belgrade is $572,400, up 1.1% from last year.
How long do homes stay on market in Belgrade?
Homes typically spend 65 days on market before going under contract.
What is the median income in Belgrade?
The median household income is $88,896 per year.
Is Belgrade a buyer's or seller's market?
With 3.0 months of supply, Belgrade is currently a balanced market.
What is the Zillow home value estimate for Belgrade?
The Zillow Home Value Index (ZHVI) for Belgrade is $554,966, representing the typical home value in the area.
What is the median condo price in Belgrade?
The median condo/co-op sale price in Belgrade, MT is $340,000, compared to $599,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Belgrade?
The median single-family home price in Belgrade, MT is $599,000 (about $322 per square foot).
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