Is Fargo Township, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fargo Township was a Neutral Market.
Key Takeaway
Fargo Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fargo Township, ND
How much do homes in Fargo Township, ND cost?
Median Sold Price
$279,931
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fargo Township have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Fargo Township was $279,931 in April 2024, up 1.6% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $208K | +51.3% |
| 2 Bedrooms | $174.9K | $183.5K | +5.0% |
| 3 Bedrooms | $249.4K | $259.9K | +4.2% |
| 4 Bedrooms | $340K | $340.5K | 0.2% |
| 5+ Bedrooms | $459.5K | $492K | +7.1% |
Summary: Fargo Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Fargo Township | $275.4K | $279.9K | +1.6% |
| Oakport Township | $389.9K | $390.5K | 0.2% |
Housing Supply in Fargo Township, ND
How many homes are available in Fargo Township, ND?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 528 | 634 | +20.1% |
Summary: The Fargo Township real estate market had 634 homes for sale in April 2024, a 20.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 22 | +100.0% |
| 2 Bedrooms | 72 | 80 | +11.1% |
| 3 Bedrooms | 182 | 213 | +17.0% |
| 4 Bedrooms | 178 | 213 | +19.7% |
| 5+ Bedrooms | 85 | 106 | +24.7% |
Summary: The Fargo Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 24.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 86 | 116 | +34.9% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fargo Township, you may be able to get a good deal. 42.2% of homes here sold below asking price last month.
Summary: A total of 116 homes were sold or pending in Fargo Township in April 2024, up by 34.9% month-over-month. Of the 116 sold homes, 42% were sold under asking, 35% were sold at asking, and 22% were sold over asking.
Days on Market for Fargo Township, ND
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fargo Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 116 homes were sold in Fargo Township; 5% 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.
