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.
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.
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
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
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.