$155,000
2.60 Acres
Land
Tripp Emerling, Listing Office: Berkshire Hathaway - Bozeman
Is Three Forks, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Three Forks was a Seller's Market.
Key Takeaway
Three Forks is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Three Forks, MT
How much do homes in Three Forks, MT cost?
Median Sold Price
$612,500
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$73,500(+13.6%)
Key Takeaway
Homes in Three Forks have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Three Forks was $612,500 in November 2024, up 13.6% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.8K | $455K | +97.9% |
| 2 Bedrooms | $285K | $384.5K | +34.9% |
| 3 Bedrooms | $535K | $564.5K | +5.5% |
| 4 Bedrooms | $657.5K | $699K | +6.3% |
| 5+ Bedrooms | $710.5K | $715K | +0.6% |
Summary: Three Forks housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.9%, 2 bedroom homes increased by 34.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 0.6%.
Housing Supply in Three Forks, MT
How many homes are available in Three Forks, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 39 | -7.1% |
Summary: The Three Forks real estate market had 39 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Three Forks 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 5.9%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Three Forks, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Three Forks in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 56 Days | +13.3% |
Summary: Homes in Three Forks had an average of 56 days on market in Nov 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Three Forks are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Three Forks; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% 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 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.
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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.