Is Bigfork, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bigfork was a Seller's Market.
Key Takeaway
Bigfork is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bigfork, MT
How much do homes in Bigfork, MT cost?
Median Sold Price
$738,500
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bigfork have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Bigfork was $738,500 in May 2024, down 1.2% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $433.7K | $352K | -18.8% |
| 2 Bedrooms | $681K | $578.3K | -15.1% |
| 3 Bedrooms | $775K | $727.5K | -6.1% |
| 4 Bedrooms | $925K | $1.1M | +20.6% |
| 5+ Bedrooms | $1.3M | $1.1M | -16.4% |
Summary: Bigfork housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes decreased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Woods Bay-Rollins | $850K | $900K | +5.9% |
| Bigfork | $747.4K | $738.5K | -1.2% |
| Creston-Bigfork | $739.7K | $720K | -2.7% |
| Somers | $740K | $675K | -8.8% |
Housing Supply in Bigfork, MT
How many homes are available in Bigfork, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 103 | 116 | +12.6% |
Summary: The Bigfork real estate market had 116 homes for sale in May 2024, a 12.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 39 | 45 | +15.4% |
| 4 Bedrooms | 22 | 25 | +13.6% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Bigfork housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bigfork, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Bigfork in May 2024, down by 17.6% month-over-month. Of the 14 sold homes, 50% were sold under asking, 43% were sold at asking, and 7% were sold over asking.
Days on Market for Bigfork, MT
How long does it take to sell a home in Bigfork, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 113 Days | 80 Days | -28.7% |
Summary: Homes in Bigfork had an average of 80 days on market in May 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bigfork has remained consistent over time.
Summary: During May 2024, 14 homes were sold in Bigfork; 7% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 29% 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.