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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fargo is a neutral's market

Buyer's
Market

Difference Since November 2020

At the same time last year, Fargo was a Buyer's Market.

Key Takeaway

Fargo is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Fargo, ND cost?

Median Sold Price

$242,870

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$25,770(+11.9%)

Key Takeaway

Homes in Fargo have sold for 11.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $123K$157.5K
+28.0%
2 $140.9K$160K
+13.6%
3 $203K$222.5K
+9.6%
4 $250K$285.6K
+14.2%
5+ $340K$428.5K
+26.0%

Median Sold Price Compared To Nearby Cities

West Fargo
+16.4%
Fargo
+11.9%

How many homes are available in Fargo, ND?

Number of Homes For Sale

Oct 2021Nov 2021%
915847-7.4%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 65
-16.7%
2 135128
-5.2%
3 345318
-7.8%
4 306281
-8.2%
5+ 123115
-6.5%

Number of Homes Sold

Oct 2021Nov 2021%
173133-23.1%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fargo, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.

About Fargo, ND

Fargo, ND has 847 homes for sale to choose from. The number of listings in Fargo, ND decreased by 7.4% between October 2021 and November 2021. Real estate listing prices changed between October 2021 and November 2021: prices of 1 bedroom properties increased by 28%, 2 bedrooms properties became 13.6% more expensive, 3 bedrooms properties became 9.6% more expensive, prices of 4 bedrooms properties went up by 14.2%, 5 bedrooms properties prices increased by 26%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 16.7%, volume of 2 bedrooms homes went down by 5.2%, 3 bedrooms homes became 7.8% less available, volume of 4 bedrooms homes went down by 8.2%, 5 bedrooms homes inventory decreased by 6.5%. Fargo, ND housing market in November 2021 saw over 43 listings sold above listed price, more than 35 sold at listed price and over 55 sold below.

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