Is 58103, 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, 58103 has remained a Seller's Market.
Key Takeaway
58103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 58103, ND
How much do homes in 58103, ND cost?
Median Sold Price
$240,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 58103 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 58103 was $240,000 in March 2024, up 5% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140.5K | $224K | +59.4% |
| 2 Bedrooms | $156.9K | $162K | +3.2% |
| 3 Bedrooms | $235K | $245K | +4.3% |
| 4 Bedrooms | $282K | $287.5K | +2.0% |
| 5+ Bedrooms | $342K | $357.5K | +4.5% |
Summary: 58103 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 59.4%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in 58103, ND
How many homes are available in 58103, ND?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 128 | 121 | -5.5% |
Summary: The 58103 real estate market had 121 homes for sale in March 2024, a 5.5% 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 | 29 | 27 | -6.9% |
| 3 Bedrooms | 49 | 40 | -18.4% |
| 4 Bedrooms | 35 | 40 | +14.3% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The 58103 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 6.9%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 23 | -25.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 58103, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 58103 in March 2024, down by 25.8% month-over-month. Of the 23 sold homes, 57% were sold under asking, 26% were sold at asking, and 17% were sold over asking.
Days on Market for 58103, ND
How long does it take to sell a home in 58103, ND?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 68 Days | +25.8% |
Summary: Homes in 58103 had an average of 68 days on market in Mar 2024, up by 25.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 58103 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in 58103; 35% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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