Is South Fork, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, South Fork was a Buyer's Market.
Key Takeaway
South Fork is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Fork, MT
How much do homes in South Fork, MT cost?
Median Sold Price
$700,000
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Fork have sold for 67.7% more than they did a year ago.
Summary: The median home sold price in South Fork was $700,000 in April 2024, up 67.7% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $370K | $475K | +28.4% |
| 2 Bedrooms | $347K | $640K | +84.4% |
| 3 Bedrooms | $464.5K | $900K | +93.8% |
| 4 Bedrooms | $410K | $1.0M | +143.9% |
| 5+ Bedrooms | - | $929K | N/A |
Summary: South Fork housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.4%, 2 bedroom homes increased by 84.4%, 3 bedroom homes increased by 93.8%, 4 bedroom homes increased by 143.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South Fork | $417.5K | $700K | +67.7% |
| Woods Bay-Rollins | $905.1K | $900K | -0.6% |
| Creston-Bigfork | $733K | $720K | -1.8% |
| Bigfork | $750K | $720K | -4.0% |
Housing Supply in South Fork, MT
How many homes are available in South Fork, MT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Summary: The South Fork real estate market had 14 homes for sale in April 2024, a 55.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 7 | +250.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Fork housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 250%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Fork, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in South Fork in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for South Fork, MT
How long does it take to sell a home in South Fork, MT?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 79 Days | 52 Days | -34.2% |
Summary: Homes in South Fork had an average of 52 days on market in Apr 2024, down by 34.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Fork are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in South Fork; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 (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.
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.