ANNUAL MARKET TRENDS
2022 · Southeastern 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. THANK YOU TO OUR CLIENTS
BY PRICE POINT
TOTAL GROSS* sales volume IN YELLOWSTONE COUNTY $665,841,832 $732,075,260 $894,298,510 $1,022,961,501 $988,787,180
$100,784 $79,061 $126,560 $131,290 $144,742 $65,068 $65,000 $79,900 $89,700 $83,000 $257,090 $268,029 $284,863 $345,316 $398,109 $237,500 $244,000 $260,000 $310,000 $360,000 23.58% 50.76% 21.51% 3.67% 0.48% Under $250,000 $250,001 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 and up YELLOWSTONE COUNTY
sold properties - 2022
2022 closed RESIDENTIAL transactions
AVERAGE DAYS ON MARKET 22 days 2021: 22 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 157 days 2021: 181 days
RESIDENTIAL LAND 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 *Residential and Land only. Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2018 - 12/31/2018 through 1/1/2022 - 12/31/2022, 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 units sold 2022 2021 2020 2019 2018 2365 2824 3004 2680 2517
AVERAGE & MEDIAN sales price
AVERAGE & RESIDENTIAL units sold 206 251 261 193 149
sales price 2022 2021 2020 2019 2018
$168,200,877 $142,073,220 *Residential and Land only. Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2018 - 12/31/2018 through 1/1/2022 - 12/31/2022, 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.
$115,690 $124,666 $106,386 $138,904 $270,471 $63,750 $59,500 $50,400 $72,000 $130,000 $305,794 $316,806 $454,235 $525,685 $509,800 $243,000 $280,000 $325,000 $399,000 $445,000 37.03% 27.70% 25.95% 7.58% 1.75% Under $250,000 $250,001 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 and up CARBON COUNTY
sold properties - 2022
2022 closed RESIDENTIAL transactions BY PRICE POINT AVERAGE DAYS ON MARKET 36 days 2021: 53 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 100 days 2021: 113 days
TOTAL GROSS* sales volume IN CARBON COUNTY $52,736,058 $74,358,185 MEDIAN
$142,066,507 RESIDENTIAL LAND 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022
PRICE POINT
TOTAL GROSS* sales volume IN
$47,375 $96,515 $295,192 $132,283 $22,250 $79,500 $56,250 $72,500 $173,759 $188,100 $166,027 $435,678 $320,298 $120,000 $142,000 $150,000 $172,000 $186,500 74.19% 16.13% 4.84% 1.61% 3.23% Under $250,000 $250,001 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 and up
HORN COUNTY sold properties - 2022
BIG
BIG HORN COUNTY BY
63 days 2021: 157 days MEDIAN AVERAGE 136 days 2021: 317 days MEDIAN AVERAGE LAND 2018 2019 2020 2021 2022 2019 2020 2021 2022 RESIDENTIAL $5,734,050 $5,644,400 $8,575,371 $33,027,900 $18,730,40 2018 2019 2020 2021 2022 *Residential and Land only. 2022 closed RESIDENTIAL transactions AVERAGE DAYS ON MARKET AVERAGE DAYS ON MARKET AVERAGE & MEDIAN sales price RESIDENTIAL units sold 2022 2021 2020 2019 2018 56 67 47 29 33 Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2018 - 12/31/2018 through 1/1/2022 - 12/31/2022, 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.
BY PRICE POINT
TOTAL GROSS* sales volume IN BILLINGS $594,592,483 $648,330,451 $787,516,205 $905,395,056 $863,194,520
$106,006 $75,293 $123,391 $125,084 $124,604 $68,450 $67,500 $82,500 $87,750 $80,000 $257,647 $267,554 $285,421 $344,045 $393,547 $238,800 $244,900 $262,000 $313,700 $361,750 22.85% 51.65% 21.49% 3.72% 0.30% Under $250,000 $250,001 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 and up
BILLINGS sold properties - 2022
AVERAGE DAYS ON MARKET 39 days 2021: 58 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 100 days 2021: 113 days RESIDENTIAL LAND 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 *Residential and Land only. 2022 closed RESIDENTIAL transactions
RESIDENTIAL units sold 2111 2528 2662 2388 2251 2022 2021 2020 2019 2018 Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2018 - 12/31/2018 through 1/1/2022 - 12/31/2022, 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.
AVERAGE & MEDIAN sales price
2022 closed AVERAGE MEDIAN
RESIDENTIAL units sold 2022 2021 2020 2019 2018
AVERAGE & MEDIAN sales price LAND 2018 2019 2020 2021 2022
BY PRICE POINT AVERAGE AVERAGE DAYS ON MARKET 71 days 2021: 138 days 2018 2019 2020 2021 2022
RESIDENTIAL 2018 2019 2020 2021 2022
$62,528,325 $59,680,373 $58,248,170 MEDIAN
143 176 211 181 171 Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2018 - 12/31/2018 through 1/1/2022 - 12/31/2022, 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.
$113,950 $129,823 $153,050 $132,588 $167,420 $65,000 $74,900 $135,000 $139,000 $89,900 $269,269 $259,616 $276,033 $326,286 $376,890 $230,000 $230,900 $234,900 $268,000 $335,000 28.99% 46.75% 21.30% 2.96% Under $250,000 $250,001 - $500,000 $500,001 - $800,000 $800,001 and up
LAUREL sold properties - 2022
RESIDENTIAL transactions
TOTAL GROSS* sales volume IN LAUREL $48,456,078 $48,678,135 AVERAGE DAYS ON MARKET 52 days 2021: 162 days
RED LODGE sold properties - 2022
2022 closed RESIDENTIAL transactions BY PRICE POINT
AVERAGE & MEDIAN sales price
TOTAL GROSS* sales volume IN RED LODGE $26,971,723 $39,041,168
$86,720,646 $93,876,984 $88,198,994
$111,621 $115,282 $101,926 $160,922 $348,064 $82,250 $54,000 $49,894 $72,000 $144,750 $309,022 $330,618 $515,873 $556,827 $559,706 $270,500 $283,000 $399,500 $410,910 $484,000 24.16% 31.46% 32.58% 8.99% 2.81% Under $250,000 $250,001 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 and up
AVERAGE DAYS ON MARKET 71 days 2021: 118 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 96 days 2021: 118 days 2018 2019 2020 2021 2022 *Residential and Land only.
RESIDENTIAL LAND 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 RESIDENTIAL units sold 124 129 144 101 75 2022 2021 2020 2019 2018 Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2018 - 12/31/2018 through 1/1/2022 - 12/31/2022, 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.
PUREWESTREALESTATE.COM SOUTHEAST MONTANA LOCATIONS RED LODGE 21 Broadway Avenue North Red Lodge, MT 59068 406.601.4240 BILLINGS 525 Henry Chapple Street, Suite 1 Billings, MT 59102 406.601.4210
