ANNUAL MARKET TRENDS 2023 · South Central Montana
CONTENTS
03
Yellowstone County
04
Carbon County
05
Big Horn County
06
Billings
07
Laurel
08
Red Lodge
09
PureWest Locations
The foregoing information was obtained from the BARMLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
YELLOWSTONE COUNTY sold properties - 2023 2023 closed RES IDEN TIA L transactions
RESI D ENTI AL units sold
BY PRICE POINT
$3,000,001 and up
0.04%
2023
$1,500,001 - $3,000,000
0.43%
2022
$800,001 - $1,500,000
3.23%
2824
2020
58.88%
$250,000 - $500,000 Under $250k
2365
2021
15.70%
$500,001 - $800,000
2107
3004
2019
21.72%
2680
AVERAGE & MEDIAN sales price R E S IDEN TIA L
LAND $398,109
$188,970
$144,742
$403,768 $126,560
$131,290
$345,316
AVERAGE MEDIAN
$268,029
$284,863
$360,000
$367,250
AVERAGE
$310,000 $244,000
2019
MEDIAN
$260,000
2020
AVERAGE DAYS ON MARKET
2022
2021
2023
$79,061
$79,900
2020
AVERAGE DAYS ON MARKET
2022: 23 days
$101,000 $83,000
$65,000
2019
36 days
$89,700
2021
2022
233 days 2022: 178 days
TOTAL GROSS* sales volume
YELLOWSTONE COUNTY
$1,011,220,001
$891,303,510
$974,742,680
$893,145,002
$728,204,510
2019
2020
2021
2022
2023
Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.
2023
CARBON COUNTY sold properties - 2023 2023 closed RES IDEN TIA L transactions
RESI D ENTI AL units sold
BY PRICE POINT
$1,500,001 and up
2023
3.26%
$800,001 - $1,500,000
188
2022
8.70%
$500,001 - $800,000
2021
22.83%
$250,000 - $500,000
206
2020
29.35%
Under $250k
251 261
2019
35.87%
193
AVERAGE & MEDIAN sales price R E S IDEN TIA L
LAND $270,471
$562,292 $492,554
$227,232
$501,195
$436,706
AVERAGE MEDIAN
$442,500
$313,650
$477,500
AVERAGE
$387,444
MEDIAN
$275,600
2020
$138,904 $106,386 $130,000
$318,250
2019
$124,666
2021
2022
2023
65 days
AVERAGE DAYS ON MARKET
$59,500
$50,400
2019
2020
AVERAGE DAYS ON MARKET
2022: 38 days
$72,000
2021
2022
121 days 2022: 109 days
TOTAL GROSS* sales volume CARBON COUNTY
$154,745,877 $139,298,220
$135,308,007
$125,707,183
$72,808,185
2019
2020
2021
2022
$119,000
2023
Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.
2023
BIG HORN COUNTY sold properties - 2023 2023 closed RES IDEN TIA L transactions
RESI D ENTI AL units sold
BY PRICE POINT
2023
$800,001 and up
1.47%
$500,001 - $800,000
2.94%
51
2022
$250,000 - $500,000
56
2021
29.41%
67
2020
Under $250k
66.18%
47
2019
29
AVERAGE & MEDIAN sales price
R E S IDEN TIA L
LAND $295,192
$223,314
$215,820 $192,821
$132,283
AVERAGE MEDIAN
$155,188
$151,850
$182,500
$170,500 $137,950
2019
$174,500
AVERAGE
$47,375
MEDIAN
$22,250
$149,000
2020
AVERAGE DAYS ON MARKET
2022
2021
2023
2019
79 days
BIG HORN COUNTY
$79,500
$56,250
2020
2021
AVERAGE DAYS ON MARKET
2022: 63 days
TOTAL GROSS* sales volume
$91,210
$96,515 $72,500
2022
197 days 2022: 136 days
$18,352,900 $10,820,400
$12,558,000
$7,605,371 $4,224,400
2019
2020
2021
2022
2023
Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.
$49,500
2023
BILLINGS sold properties - 2023 2023 closed RES IDEN TIA L transactions
RESI D ENTI AL units sold
BY PRICE POINT
$3,000,001 and up
0.05%
2023
$1,500,001 - $3,000,000
0.39%
2022
2.88%
$800,001 - $1,500,000 $500,001 - $800,000
2111
2021
15.80%
$250,000 - $500,000
2528
2020
60.07%
2662
2019
20.82%
Under $250k
1881
2388
AVERAGE & MEDIAN sales price R E S IDEN TIA L
LAND $393,547
$401,718
$361,750
$369,900
$201,981
$344,045
AVERAGE MEDIAN
$285,421
$267,554
$313,700 $262,000
$244,900
2020
2019
AVERAGE DAYS ON MARKET
2021
2022
AVERAGE
$75,293
MEDIAN
$67,500
2023
2019
36 days
$123,391
$125,084
$82,500
$87,750
$80,000
2020
2021
2022
AVERAGE DAYS ON MARKET
2022: 39 days
$124,604
226 days 2022: 202 days
TOTAL GROSS* sales volume BILLINGS
$901,532,556 $786,016,205
$863,518,420
$790,165,941
$647,921,201
2019
2020
2021
2022
2023
Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.
$100,000
2023
LAUREL sold properties - 2023 2023 closed RES IDEN TIA L transactions
RESI D ENTI AL units sold
BY PRICE POINT
$800,001 and up
2023
5.30%
$500,001 - $800,000
2022
14.57%
$250,000 - $500,000
143
2021
56.95%
Under $250k
136
176
2020
23.18%
211
2019
181
AVERAGE & MEDIAN sales price R E S IDEN TIA L
LAND $167,420 $376,890
$153,050
$393,561
AVERAGE MEDIAN
$259,616
AVERAGE
$276,033
$335,000
$234,900
2019
2020
AVERAGE DAYS ON MARKET
$135,000
$135,353
$132,588
$327,500
$268,000 $230,900
$139,000
$129,823
$326,286
MEDIAN
$89,900 $78,500
$74,900
2021
2022
2023
2019
32 days
2020
AVERAGE DAYS ON MARKET
2022: 27 days
2021
2022
194 days 2022: 71 days
TOTAL GROSS* sales volume LAUREL
$62,348,325
$59,680,373
$58,248,170
2020
2021
2022
$55,554,611
$48,678,135
2019
2023
Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.
2023
RED LODGE sold properties - 2023 2023 closed RES IDEN TIA L transactions
RESI D ENTI AL units sold
BY PRICE POINT
$1,500,001 and up $800,001 - $1,500,000
2023
4.58%
94
2022
7.63%
$500,001 - $800,000
35.88%
124
2021
$250,000 - $500,000
26.72%
2020
Under $250k
25.19%
2019
129 144 101
AVERAGE & MEDIAN sales price R E S IDEN TIA L
LAND
$348,064
$678,633
$515,873
$556,827
$245,114
$559,706 $160,922
$597,500
AVERAGE
$399,500
MEDIAN
AVERAGE
$484,000
$330,618
2020
AVERAGE DAYS ON MARKET
2021
$101,926
$144,750 $118,000
$410,910
MEDIAN
$283,000
2019
$115,282
2022
2023
73 days
RED LODGE
$49,894
2019
2020
AVERAGE DAYS ON MARKET
2022: 71 days
TOTAL GROSS* sales volume
$54,000
$94,155,984 $84,440,646
$72,000
2021
2022
99 days 2022: 96 days
$88,198,994 $72,860,719
$39,041,168
2019
2020
2021
2022
2023
Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.
2023
SOU TH CENTRAL M O N TA N A L O CATIO N S BILLINGS
R E D LODGE
525 Henry Chapple Street, Suite 1 Billings, MT 59102 406.601.4210
21 Broadway Avenue North Red Lodge, MT 59068 406.601.4240
P U R E W E S T R E A L E S TAT E . C O M