Three Forks Housing Market Report March 2025•Gallatin County, Montana

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Housing Prices in Three Forks, MT

How much do homes in Three Forks, MT cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Three Forks is a Buyer's Market

Difference Since March 2024

At the same time last year, Three Forks was a Neutral Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$599,900$322/SqFt
+$60,900
+11.3%

Based on all homes sold in the last 12 months

Insight

Homes in Three Forks have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Three Forks was $599,900 in March 2025, up 11.3% from last year, and the median price per square foot was $322.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$200K$417.5K
+108.7%
2$285K$362.5K
+27.2%
3$529K$574.5K
+8.6%
4$692.5K$699K
+0.9%
5$675K$715.5K
+6.0%

Summary: Three Forks housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +108.7%. The home price for 2 bedroom homes increased by +27.2%. The home price for 3 bedroom homes increased by +8.6%. The home price for 4 bedroom homes increased by +0.9%. The home price for 5 bedroom homes increased by +6.0%.

How does Three Forks, MT compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Three Forks, MT

Housing supply in Three Forks, MT

How many homes are available in Three Forks, MT?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
45Last MonthMar 2025
342 months agoFeb 2025
+32.4 %
Change MoMFeb – Mar

Summary: The Three Forks real estate market had 45 homes for sale in Mar 2025, a 32.4 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
4Last MonthMar 2025
32 months agoFeb 2025
+33.3 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
155
0.0%
244
0.0%
31322
+69.2%
41012
+20.0%
522
0.0%

Summary: Three Forks housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +69.2%. The inventory for 4 bedroom homes increased by +20.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Three Forks, MT cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price3 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Three Forks, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Three Forks in March 2025, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 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?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in Three Forks are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 4 homes were sold in Three Forks; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
17 DaysThis YearMar 2025
66 Days1 year agoMar 2024
-73.8 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Three Forks had an average listing age of 17 days in Mar 2025, down by 73.8% compared to the previous year.

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Newest Listings in Three Forks, MT

What homes are available in Three Forks, MT?

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MLS Disclaimers and Copyright

Based on information from Big Sky Country MLS, Montana Regional MLS, and Stellar MLS for the period 04/01/2023 - 04/01/2025

IDXThe 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© 2025 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/3/2025, 2:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX 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© 2025 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/3/2025, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/3/2025, 2:20:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.