Belgrade Vacant Land
Market Report
A data-driven overview of current market conditions in Belgrade, Montana. Built for buyers, sellers, investors, and anyone tracking the local real estate landscape.
Real estate markets are dynamic and influenced by a variety of factors. Inventory levels, days on market, interest rates, economic shifts, and buyer and seller behavior all play a role. A single metric can tell part of the story, but the true picture emerges when we examine multiple data series together.
For example, rising median prices might suggest a hot market, but when viewed alongside decreasing transaction volume, it reveals whether momentum is building, cooling, or stabilizing. By layering these complementary indicators, we gain deeper context, spot emerging patterns, and avoid misinterpreting isolated data points.
The charts and statistics below highlight the most relevant trends in Belgrade for Vacant Land across 22 years of recorded market data.
Delger Real Estate provides some of the earliest and most reliable information on the Belgrade housing market through direct access to data from the Southwest Montana Multiple Listing Service and our proprietary market analytics platform. When reporting on what land costs in Belgrade, our preferred measure is the median sale price. There is a specific, data-driven reason for that choice.
Why Median Price Is the Right Measure for Belgrade
The median price divides all recorded transactions into two equal groups: half of all sales occur below the median, and half occur above it. This makes it a far more stable and representative measure of what a typical buyer actually pays.
Belgrade is one of the fastest-growing communities in southwest Montana, with land sales spanning a wide range from small residential lots to larger agricultural parcels. In any given period, a handful of large transactions can dramatically inflate the average sale price, creating a misleading picture of the broader market. The median price is immune to this distortion, which is why it is the standard used by economists, appraisers, and serious real estate analysts.
Median Price
The middle value in a ranked list of all sale prices. 50% of parcels sell for less, 50% sell for more. Not influenced by outliers. The preferred measure of real estate economists.
Average Price
The sum of all sale prices divided by the number of transactions. A single large parcel sale can raise the average by tens of thousands of dollars, misrepresenting what a typical buyer actually pays.
Current Market Statistics
A snapshot of active inventory and key pricing metrics for vacant land in Belgrade right now.
BELGRADE REAL ESTATE MARKET STATISTICS
BELGRADE
VACANT LAND
| ACTIVE LISTINGS: | 31 |
| AVERAGE PRICE: | $2,700,968 |
| AVERAGE PRICE/ACRE: | $182,352 |
| AVG. DAYS ON MARKET: | 144 |
| MEDIAN PRICE: | $1,462,500 |
| MEDIAN PRICE/ACRE: | $77,500 |
| MED. DAYS ON MARKET: | 78 |
| % OF LIST PRICE: | 93.7% |
Median Close Price Trends
Five-year median close price history with year-over-year percent changes, showing how Belgrade’s vacant land market has moved through different economic cycles.
Median price · 2025
$204,900
↑ +10.82% from 2024
5-year range
$147k – $500k
Low 2023 · High 2022
Median close price · 5-year history
Year-over-year change
Median Sale Price
22 years of median sale price data, providing the most complete picture available of long-term value trends in the Belgrade vacant land market.
Belgrade Vacant Land
Median Sale Price
Data loaded: 22 years found (1685 total transactions used).
Sales Volume & Transaction Count
Total annual sales volume alongside transaction counts, a critical pairing that reveals whether price trends are driven by a growing or contracting pool of buyers.
Belgrade Vacant Land
Total Sales Volume & Transaction Count
Loaded 22 years of data.
% of Original List Price Received
How close to asking price are parcels actually selling? This metric is one of the clearest indicators of buyer negotiating power versus seller leverage, and how that balance has shifted over time.
Belgrade Vacant Land
Average % of Original List Price Received & Transaction Count
Loaded 22 years of data.
Median Days On Market
Annual median days on market alongside transaction count — a dual view showing how quickly parcels sell and whether that pace is accelerating or slowing. Falling DOM signals increasing competition; rising DOM signals a cooling market.
Belgrade Vacant Land
Annual Median Days On Market & Transaction Count
Loaded 22 years of data.
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Data sourced from the Southwest Montana Multiple Listing Service (BSCMLS). Updated June 1, 2026. All MLS information is deemed reliable but not guaranteed.