Is Three Forks, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Three Forks has remained a Buyer's Market.
Housing Prices in Three Forks, MT
How much do homes in Three Forks, MT cost?
Median Sold Price
$547,500
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Three Forks was $547,500 in April 2024, up 3.4% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $288.6K | $200K | -30.7% |
2 Bedrooms | $328.5K | $285K | -13.2% |
3 Bedrooms | $528.9K | $536K | +1.3% |
4 Bedrooms | $605K | $675K | +11.6% |
5+ Bedrooms | $629.5K | $675K | +7.2% |
Summary: Three Forks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.7%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in Three Forks, MT
How many homes are available in Three Forks, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 38 | +11.8% |
Summary: The Three Forks real estate market had 38 homes for sale in April 2024, a 11.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Three Forks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Three Forks in April 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 75% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
90 Days | 116 Days | +28.5% |
Summary: Homes in Three Forks had an average of 116 days on market in Apr 2024, up by 28.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Three Forks; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.