Is Franklin to the Fort, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Franklin to the Fort is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Franklin to the Fort was a Seller's Market.

Key Takeaway

Franklin to the Fort is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Franklin to the Fort, MT

How much do homes in Franklin to the Fort, MT cost?

Median Sold Price

$416,000

$311/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$9,500(-2.2%)

Key Takeaway

Homes in Franklin to the Fort have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in Franklin to the Fort was $416,000 in November 2024, down 2.2% from last year, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $274.2K$330K
+20.3%
2 $362.5K$405K
+11.7%
3 $439.5K$439.9K
0.1%
4 $480K$510K
+6.3%
5+ $586K$490K
-16.4%

Summary: Franklin to the Fort housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.3%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 16.4%.

Median Sold Price Compared To Nearby Neighborhoods

River Road
+1.9%
Franklin to the Fort
-2.2%

Housing Supply in Franklin to the Fort, MT

How many homes are available in Franklin to the Fort, MT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3835-7.9%

Summary: The Franklin to the Fort real estate market had 35 homes for sale in November 2024, a 7.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1212
0.0%
3 1513
-13.3%
4 76
-14.3%
5+ 11
0.0%

Summary: The Franklin to the Fort housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Franklin to the Fort, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Franklin to the Fort in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Franklin to the Fort, MT

How long does it take to sell a home in Franklin to the Fort, MT?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days45 Days+47.6%

Summary: Homes in Franklin to the Fort had an average of 45 days on market in Nov 2024, up by 47.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Franklin to the Fort has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Franklin to the Fort; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Franklin to the Fort, MT

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