Three Forks Montana Real Estate Market - Bozeman Real Estate Group

Three Forks Market Report

Is Three Forks, MT a buyer’s
or seller’s market?


This snapshot of Three Fork's housing market is based on the months supply of inventory and is calculated by dividing the number of homes on the market by the number of homes that have sold in the last month.

A BUYERS
MARKET
NEUTRAL
MARKET
A SELLERS
MARKET
Needle

How much do homes cost
in Three Forks, MT?


The median sold price includes single-family homes, condos, and townhomes

$600,000

(+5.45%) Year Over Year Change

What do different types of homes cost?


This is the median sales price for each home type sold in Three Forks. This number is based on monthly data.

Type May 2023 May 2024 Year Over Year Change

Single Family

$569,000

$600,000

5%

Townhome

$0

$0

N/A

Condo

$0

$0

N/A

What do homes cost in other areas?


This is the median price for which single-family homes, condos, and townhomes were sold in the specified area. This number is based on monthly data.

City May 2023 May 2024 Year Over Year Change

$748,000

$784,500

5%

$3,375,000

$4,970,000

47%

$508,000

$526,909

4%

$510,000

$517,500

1%

$635,000

$775,000

22%

How many homes have sold in Three Forks, MT?


This is the total number of residential properties (single-family homes, condos, and townhomes) sold in this area during the reported month.

May 2023

17

May 2024

11

Year Over Year Change

35%

How Many Homes Sold Over the
Asking Price in Three Forks, MT?


This is calculating how many homes sold (including single-family, condo, and townhomes in the specified area) for over the asking price vs under the asking price in the past month.

10 Homes Were Sold
Under Asking Price

2 Homes Were Sold
At Asking Price

0 Homes Were Sold
Over Asking Price

What Percentage of the Listing
Price Are Sellers Getting?


This number shows what percent of the listing price sellers are getting in the Three Forks market. This number has been around 90% over the past three months.

98%

2% Year Over Year Change

How long does a home spend on the market?


This is the median number of days between when a home is listed and when it goes under contract.

May 2023

37

May 2024

4

Year Over Year Change

89%

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