Is 58078, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 58078 has remained a Seller's Market.
Key Takeaway
58078 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 58078, ND
How much do homes in 58078, ND cost?
Median Sold Price
$325,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 58078 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 58078 was $325,000 in March 2024, up 3.1% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.9K | $190K | -11.6% |
| 2 Bedrooms | $226K | $250K | +10.6% |
| 3 Bedrooms | $260K | $287.6K | +10.7% |
| 4 Bedrooms | $349.9K | $349.5K | -0.1% |
| 5+ Bedrooms | $537.5K | $579.4K | +7.8% |
Summary: 58078 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.6%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in 58078, ND
How many homes are available in 58078, ND?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 174 | 162 | -6.9% |
Summary: The 58078 real estate market had 162 homes for sale in March 2024, a 6.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 58 | 52 | -10.3% |
| 4 Bedrooms | 62 | 58 | -6.5% |
| 5+ Bedrooms | 33 | 32 | -3.0% |
Summary: The 58078 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 58078, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 58078 in March 2024, up by 3.6% month-over-month. Of the 29 sold homes, 41% were sold under asking, 31% were sold at asking, and 28% were sold over asking.
Days on Market for 58078, ND
How long does it take to sell a home in 58078, ND?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 79 Days | 68 Days | -13.2% |
Summary: Homes in 58078 had an average of 68 days on market in Mar 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 58078 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in 58078; 59% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
