FIRST HALF MARKET TRENDS
2023 · South Central Montana
CONTENTS The foregoing information was obtained from the BAR MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. 03 Yellowstone County 04 Carbon County 05 Big Horn County 06 Billings 07 Laurel 08 Red Lodge 09 PureWest Locations
BY PRICE POINT
TOTAL GROSS* sales volume
$80,399 $121,714 $135,731 $129,309 $138,521 $65,000 $79,900 $89,700 $82,000 $105,000 $259,966 $267,448 $336,697 $389,783 $397,642 $244,000 $260,000 $310,000 $363,500 $371,000 YELLOWSTONE COUNTY sold properties - first half 2023
IN YELLOWSTONE COUNTY
$347,747,000 $436,293,000 $471,364,000 $422,873,726 2023 closed RESIDENTIAL transactions
AVERAGE DAYS ON MARKET 76 days 2022: 120 days RESIDENTIAL units sold MEDIAN AVERAGE MEDIAN AVERAGE 169 days 2022: 172 days *Residential and Land only. 2019 2020 2021 2022 2023 RESIDENTIAL LAND 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 AVERAGE & MEDIAN sales price AVERAGE DAYS ON MARKET Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 2023 2022 2021 2020 2019 1020 1132 1218 1252 1217 22.04% 52.33% 21.25% 4.21% 0.09% 0.09% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
$322,810,000
CARBON COUNTY sold properties - first half 2023
2023 MEDIAN
BY AVERAGE MEDIAN
AVERAGE & MEDIAN sales pricePRICE POINT AVERAGE AVERAGE DAYS ON MARKET 98 days 2022: 109 days
$29,246,000 $27,890,000 $68,742,000
$49,261,287
$108,138 $93,383 $109,756 $227,592 $321,370 $59,500 $50,400 $72,000 $129,000 $135,000 $322,209 $338,886 $445,107 $515,415 $511,926 $275,600 $318,250 $387,444 $432,317 $499,900 34.55% 19.09% 34.55% 9.09% 0.91% 1.82% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
closed RESIDENTIAL transactions
RESIDENTIAL units sold
$75,632,000
TOTAL GROSS* sales volume IN CARBON COUNTY AVERAGE DAYS ON MARKET 69 days 2022: 71 days
RESIDENTIAL LAND 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 *Residential and Land only. Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 73 107 114 71 76 2023 2022 2021 2020 2019
BY PRICE POINT
TOTAL GROSS* sales volume IN
$13,500 $190,000 $295,192 $42,200 $147,154 $22,250 $79,500 $56,250 $19,000 $49,500 $154,444 $135,095 $202,530 $180,426 $158,725 $137,950 $149,000 $170,500 $188,000 $130,000 $1,417,000
$4,998,201
$3,027,000 $9,379,000 $4,319,000
BIG HORN
closed RESIDENTIAL transactions
RESIDENTIAL units sold
COUNTY sold properties -
half 2023 AVERAGE DAYS ON MARKET 73 days 2022: 73 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 135 days 2022: 140 days *Residential and Land only. RESIDENTIAL LAND AVERAGE & MEDIAN sales price 25 23 30 21 9 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2023 2022 2021 2020 2019 Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 40% 20% 32% 8% Under $100,000 $100,001 - $200,000 $200,001 - $300,000 $300,001 +
COUNTY 2023
BIG HORN
first
AVERAGE & MEDIAN sales price
TOTAL GROSS* sales volume IN BILLINGS
$283,977,000 $312,661,000 $390,261,000 $419,073,138 $375,181,186
$78,759 $126,423 $130,865 $127,506 $137,016 $67,500 $82,500 $87,500 $79,483 $106,500 $259,506 $269,044 $337,125 $386,994 $395,095 $240,883 $247,433 $295,500 $359,300 $375,000 17.56% 44.05% 17.97% 3.12% 0.08% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 +
2023 closed RESIDENTIAL transactions BY PRICE POINT RESIDENTIAL units sold 915 1022 1099 1125 1077
BILLINGS
properties -
half 2023 AVERAGE DAYS ON MARKET 74 days
days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 243 days
sold
first
2022: 119
2022: 189 days
RESIDENTIAL LAND *Residential and Land only. 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2023 2022 2021 2020 2019 Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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.
LAUREL
sold properties - first half 2023
2023
$21,374,000
$132,800 $135,762 $114,417 $205,735 $134,714 $112,225 $115,917 $78,583 $143,958 $76,000 $241,852 $248,212 $332,953 $391,179 $394,905 $214,425 $214,550 $269,742 $346,167 $317,500 20.90% 52.24% 17.91% 8.96% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 + $24,498,000
$25,326,000 $24,375,000 $24,637,290
TOTAL GROSS* sales volume IN LAUREL closed RESIDENTIAL transactions
AVERAGE DAYS ON MARKET
days 2022:
MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET
2022:
RESIDENTIAL LAND
price *Residential and Land only. RESIDENTIAL units sold 60 56 74 79 98 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2023 2022 2021 2020 2019 Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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.
BY PRICE POINT
57
118 days
78 days
102 days
AVERAGE & MEDIAN sales
RED LODGE sold properties - first half 2023
AVERAGE & MEDIAN sales price
$93,100 $95,833 $102,787 $246,013 $393,957 $54,000 $49,894 $72,000 $139,900 $149,250 $332,956 $421,007 $485,905 $582,447 $641,501 $283,000 $399,000 $410,910 $465,500 $595,000
RED LODGE 2023 closed RESIDENTIAL transactions BY PRICE POINT RESIDENTIAL units sold 36 60 66 35 42 $15,660,000 $16,460,000 $41,477,000 $43,803,000 $28,609,437
TOTAL GROSS* sales volume IN
AVERAGE DAYS ON MARKET
days
MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET
days
86
2022: 131 days
72
2022: 107 days
RESIDENTIAL LAND *Residential and Land only. 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2023 2022 2021 2020 2019 Statistics compiled using residential and land sales reported as in the BARMLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 16% 16% 54% 14% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 +
PUREWESTREALESTATE.COM SOUTH CENTRAL 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
