Three Forks Listings: Homes, Land, Farms, Ranches, Commercial Property
Entering Q2 2024, Three Forks Home Prices ⇑
| MONTH | THREE FORKS | BOZEMAN |
| Q4 2024 | $575,000 | $877,000 |
| Q3 2024 | $575,000 | $895,000 |
| Q2 2024 | $600,000 | $948,000 |
| Q1 2024 | $663,000 | $951,650 |
| Q4 2023 | $564,500 | $837,000 |
Q3 2024: Three Forks Home Price, $575,000 vs Bozeman Home Price, $877,000
Into Q1, 2025: The median price for all types of Three Forks, MT real estate is $360,000, which is ⇑ $51,000 or ⇑ 16.5% more than Q3 2024’s price of $309,000.
Chart 1: The median home price in Three Forks in Q1 2025 is $575,000 (based on December’s most recent data).
The Q1 2024 was $663,000, and the Q1, 2023 price was $562,500 (we’ll check back at the end of Q1 2025).
Three Forks, MT Population is ~3100 – Near The Missouri River Headwaters – Elevation 4,081′ – 33 Miles West of Bozeman
The Three Forks, MT real estate and housing forecast called for flattening prices in 2024.
Initially, price increased to the end of the second quarter, dropping in the 3rd and ending up with no increase in 2024 over the 2023 price.
Three Forks’ home prices make the cost of a Three Forks home an alternative to the high price of a Bozeman home.
Historical Trends in Three Forks Real Estate
Three Forks’ home prices have been trending upward since 2014.
Three Forks’ real estate cost $163,400 in Q2, 2015; $233,750 in Q2, 2017; $275,000 in Q2, 2019; $338,258 in Q2 2020; $490,500 in Q2, 2021; $487,500 in Q2 2022; and $425,000 in Q2 2023, and the anomalous $637,000 in Q2 2024 (we’ll compare in Q2 2025).
The median price of Three Forks real estate has increased ⇑ $410,600 or ⇑ 251.3% in the last 9 years–since Q2 2015!
Closed Home Sales, Three Forks v Bozeman
Three Forks’ closed sales for 2024 were 61 homes.
Bozeman’s closed sales were 667 in 2024.
Number of days on market for the year for Three Forks and Bozeman have been increasing since 2022.
Presently, there are 41 homes for sale in Three Forks, Montana.
There are 911 homes for sale in Bozeman.
Economically, Three Forks relies on farming and ranching, construction services, tourism, service industries, hunting, and fishing.
Fort Three Forks, Montana was established in 1810 by several mountain men from the Missouri Fur Company.
Three Forks is also at the head of the Missouri River, created by the confluence of the Madison, Jefferson, and Gallatin Rivers.
In 1862, the Gallatin Town Company laid out Gallatin City on the Missouri’s west side, at the Gallatin River’s mouth, one of three rivers that form the Missouri River.
A few years later, a new city, named Gallatin City II, was established on the Missouri’s east side where the majority of Missouri river traffic was.
Today’s Three Forks is a few miles south of both Gallatin cities and was established on the original site of James Shedd’s Madison House, built in 1881.
The 1910 Sacajawea Hotel (aka, Madison Bridge House), contains a part of the original Madison House.
