Billings Montana Home Values
Let’s explore a decade of real estate trends in beautiful Billings, Montana, backed by data from our local MLS as of February 2024. With Montana being a non-disclosure state, this information is exclusive! Here's a breakdown of the areas, sales price trends, and other helpful information we found along our digging of data!
Billings Heights
The Billings Heights is perched on the northeastern edge of Billings, Montana, offers a unique blend of suburban living and scenic vistas. As you ascend toward the Heights, you’ll notice a transition from city streets to rolling hills, where spacious lots and panoramic views await. Here, you can often get more “bang for your buck” compared to some other neighborhoods in Billings. The Heights has witnessed significant growth over the past decade, with new subdivisions cropping up at the pinnacle of the Heights, especially on the route toward Huntley and Shepherd.
Now, let’s dive into the numbers. In 2014, the median sales price in the Billings Heights area stood at $205,000. Fast-forward to 2023, and we find that the median sales price has climbed to a robust $356,062. So, over this period, the median sales price in the Billings Heights area has experienced an impressive 73.2% increase. Whether you’re drawn to the Heights for its affordability or the promise of future appreciation, it’s an area of Billings worth exploring.
Lockwood Montana
Lockwood, a vibrant community located just east of Billings, Montana, offers a unique blend of rural charm and modern amenities. As you ascend toward the Heights, you’ll notice a transition from city streets to rolling hills, where spacious lots and panoramic views await. Lockwood is home to the Lockwood School District #26, which covers K-12 education, making it the only school district in the area where kids can attend from kindergarten all the way through high school graduation. Lockwood boasts a diverse population. Whether you’re drawn to the tight-knit community feel or the scenic surroundings, Lockwood offers something for everyone.
Now, let’s dive into the numbers. In 2014, the median sales price in Lockwood stood at $202,450. Fast-forward to 2023, and we find that the median sales price has climbed to a robust $337,000. So, over this period, the median sales price in Lockwood has experienced an impressive 66.7% increase. Whether you’re drawn to Lockwood’s educational continuity, diverse community, or the allure of new construction on spacious lots, it’s an outlying community that continues to evolve.
Downtown Billings
Welcome to Downtown Billings, where history whispers through cobblestone streets, and the heartbeat of the city resonates in every architectural detail. Nestled in the Yellowstone Valley, Downtown Billings is a canyon carved out by the Yellowstone River. Here, mature trees create a natural canopy, their branches framing historic storefronts and century-old buildings. The allure lies in the blend of charm, character, and convenience.
Now, let’s dive into the numbers. In 2014, the median sales price in Downtown Billings stood at $160,450. Fast-forward to 2023, and we find that the median sales price has climbed to a robust $313,000. So, over this period, the median sales price in Downtown Billings has experienced an impressive 95.1% increase. Whether you’re drawn to the historical ambiance, the proximity to local businesses, or the vibrant arts scene, Downtown Billings continues to be a captivating hub.
Northwest/West Billings
Billings West/Northwest, where the vast Montana sky meets the rugged beauty of the Rockies, offers a captivating blend of scenic landscapes and residential diversity. As you drive through this region, you’ll encounter wide-open spaces, where the horizon seems to stretch forever. The area is a patchwork of neighborhoods, from established communities with mature trees to newer subdivisions. Whether you seek historical charm or modern amenities, Billings West/Northwest has options to suit your preferences.
Now, let’s dive into the numbers. In 2014, the median sales price in Billings West/Northwest stood at $229,900. Fast-forward to 2023, and we find that the median sales price has climbed to a robust $389,000. So, over this period, the median sales price in Billings West/Northwest has experienced an impressive 69.6% increase. Whether you’re drawn to the allure of mountain views, the proximity to outdoor adventures, or the sense of community, Billings West/Northwest continues to evolve.
Laurel/Park City Montana
Nestled in the Yellowstone Valley, Laurel is a city in Yellowstone County, Montana. It’s part of the Billings, Montana Metropolitan Statistical Area and sits as an east-west terminal division point of the Burlington-Northern Railroad. Laurel offers a mix of historical charm, mature landscaping, and a sense of community. The streets are adorned with mature trees, creating a natural canopy. Whether you’re drawn to the historic shopping district or the allure of historical homes, Laurel has something for everyone.
Park City, a charming town located northwest of Billings, offers a serene escape from the hustle and bustle. Nestled against the Beartooth Mountains, this community boasts stunning views and a tight-knit atmosphere.
Now, let’s dive into the numbers. In 2014, the median sales price in Laurel/Park City stood at $197,500. Fast-forward to 2023, and we find that the median sales price has climbed to a robust $350,000. So, over this period, the median sales price in Laurel has experienced an impressive 77.1% increase. Whether you’re drawn to the historical ambiance or seeking a peaceful retreat or a place to call home, the Laurel/Park City area is worth considering.
Shepherd/Huntley Montana
Huntley, Shepherd, Ballantine, Worden, and Pompey's Pillar: Nestled within the vast Montana landscape, this region forms a tight-knit community where rural charm meets practical living. Here’s what you need to know:
The Huntley Project serves students living in these small Montana communities. Worden, one of the communities, hosts the Huntley Project School District campus, located 20 miles northeast of Montana’s largest city, Billings. Whether you’re drawn to the tight-knit community feel or the allure of rural living, this area offers a sense of belonging.
Now, let’s dive into the numbers. In 2014, the median sales price in the Huntley Project area stood at $215,179. Fast-forward to 2023, and we find that the median sales price has climbed to a robust $382,450. So, over this period, the median sales price in the Huntley Project area has experienced an impressive 77.8% increase. Whether you’re seeking a peaceful retreat or a place to call home, the Huntley Project continues to thrive.
While our data-driven insights provide a glimpse into Billings, Montana’s home values, this is merely the tip of the iceberg. To navigate this vast landscape successfully, collaborating with our expert team is crucial. Whether you’re aiming to make a savvy buying decision or to sell your property for top dollar, our seasoned professionals will guide you through every step. Let’s turn these numbers into actionable strategies and unlock the full potential of your real estate journey.
Terri Welborn
Montana Real Estate Brokers
406.860.0055
Ashley Erb
Montana Real Estate Brokers
406.860.0088