Is 58042, ND a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 58042 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 58042 has remained a Seller's Market.

Key Takeaway

58042 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 58042, ND

How much do homes in 58042, ND cost?

Median Sold Price

$245,000

$142/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$11,000(-4.3%)

Key Takeaway

Homes in 58042 have sold for 4.3% less than they did a month ago.

Summary: The median home sold price in 58042 was $245,000 in April 2024, down 4.3% from last month, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $212K$245K
+15.6%
4 $300K-
N/A
5+ --
N/A

Summary: 58042 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 15.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 58042, ND

How many homes are available in 58042, ND?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
880.0%

Summary: The 58042 real estate market had 8 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 32
-33.3%
5+ 24
+100.0%

Summary: The 58042 housing inventory by bedroom type for April 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 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 58042, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 58042 in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 58042, ND

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 58042 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in 58042; 50% of homes were sold within 30 days, 0% 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 10 Days Ago

Newest Listings in 58042, ND

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