Is Three Forks, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Three Forks has remained a Seller's Market.
Key Takeaway
Three Forks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Three Forks, MT
How much do homes in Three Forks, MT cost?
Median Sold Price
$550,000
$297/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Three Forks has remained the same since last year.
Summary: The median home sold price in Three Forks was $550,000 in May 2024, the same as last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288.6K | $182.5K | -36.8% |
| 2 Bedrooms | $450K | $295K | -34.4% |
| 3 Bedrooms | $535K | $541K | +1.1% |
| 4 Bedrooms | $649.5K | $675K | +3.9% |
| 5+ Bedrooms | $695K | $650K | -6.5% |
Summary: Three Forks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.8%, 2 bedroom homes decreased by 34.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 6.5%.
Housing Supply in Three Forks, MT
How many homes are available in Three Forks, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 48 | +20.0% |
Summary: The Three Forks real estate market had 48 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Three Forks housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Three Forks, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Three Forks in May 2024, up by 175.0% month-over-month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.
Days on Market for Three Forks, MT
How long does it take to sell a home in Three Forks, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 57 Days | -7.6% |
Summary: Homes in Three Forks had an average of 57 days on market in May 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Three Forks has remained consistent over time.
Summary: During May 2024, 11 homes were sold in Three Forks; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2024 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.