Billings residential real estate has seen a consistent appreciation rate of around 3% for almost 20 years. Home prices steadily increase earning homeowners equity over time.
Like in many other areas, the real estate market in Billings for the year 2020 was unique. The average home price in Billings increased from around $250,000 to $280,000, up almost 15 percent, more or less in certain neighborhoods. Though home inventory for sale is at a historic low, the average home shopper in Billings is searching for a home at or just below $300,000. Keep in mind, location, age and condition of home are all factors to consider when searching for a home.
See the list of homes for sale in Billings that are $300,000 and under.
For more information about buying a home, check out our buyer’s guide.