How is the housing market in Billings Montana?

Billings, MT Housing Market The median listing home price in Billings, MT was $360K in April 2022, trending up 20% year-over-year. The median listing home price per square foot was $171.

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Is Montana Real Estate Booming?

All facets of the state have seen massive spikes in the last two years. Bozeman often gets most of the attention for its high cost of living. According to data from Berkshire Hathaway, just in 2022, Bozeman and Butte saw a 46% increase in the median sale price of homes.

Is billing mt a good place to live?

Billings is a growing town with ever expanding opportunities. The inviting environment is extremely pleasant and comfortable. There are many outdoor activities to enjoy and we are within driving distance from large lakes and rivers. The city itself is fairly clean and safe, I rarely feel unsafe in town.

Will house prices in Montana go down?

Montana Home Sales ❱ In the first quarter of the year, 1,137 homes sold, which is a 35% drop from a year ago and 23.2% lower than in the final quarter of 2021. ❱

How fast is Billings growing?

0.12% annually
Billings has a 2020 population of 109,976. It is also the county seat of Yellowstone County. Billings is currently growing at a rate of 0.12% annually and its population has increased by 5.23% since the most recent census, which recorded a population of 104,509 in 2010.

Will housing prices drop in Montana?

If we see a similar pattern emerge for the bubble that has been developing since roughly 2012, then we could see housing prices drop by 30 to 40 percent over a two-year period.”

Will Montana home prices go down?

Will Montana real estate go down?

Montana Home Sales ❱ In the first quarter of the year, 1,137 homes sold, which is a 35% drop from a year ago and 23.2% lower than in the final quarter of 2021. ❱ The lower number of sales can be blamed on the lack of homes for sale: inventory was down 37.7% from a year ago and was 31.7% lower than the previous quarter.

Why are so many people moving to Billings Montana?

Billings, like many smaller cities, has experienced an influx of newcomers since the pandemic and remote work sent many Americans in search of cheaper housing and a less stressful lifestyle in homes with more space and shorter commutes.

Is the Montana real estate market slowing down?

What’s the cheapest place to live in Montana?

The cheapest places to live in Montana are in Colstrip and Wolf Point. These are two of the eight towns in Montana that offer low gasoline, grocery, and housing prices.

Is Billings MT growing?

Billings has a 2020 population of 109,976. It is also the county seat of Yellowstone County. Billings is currently growing at a rate of 0.12% annually and its population has increased by 5.23% since the most recent census, which recorded a population of 104,509 in 2010.

Is Billings Montana a good place to retire?

Billings Although Billings is Montana’s largest city, it is still one of the best places to enjoy your retirement years. Billings is encircled by wide, public spaces that are magnets for those who are into hiking and mountain biking.

Will Montana home prices drop?