Is West Fargo, 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, West Fargo has remained a Seller's Market.
Key Takeaway
West Fargo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Fargo, ND
How much do homes in West Fargo, 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 West Fargo have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in West Fargo was $325,000 in March 2024, up 2.4% 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 | $289K | +11.2% |
| 4 Bedrooms | $353K | $350K | -0.8% |
| 5+ Bedrooms | $537.5K | $579.9K | +7.9% |
Summary: West Fargo 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 11.2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Fargo | $274.1K | $281.6K | +2.7% |
| West Fargo | $317.2K | $325K | +2.4% |
Housing Supply in West Fargo, ND
How many homes are available in West Fargo, ND?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 177 | 165 | -6.8% |
Summary: The West Fargo real estate market had 165 homes for sale in March 2024, a 6.8% 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 | 65 | 61 | -6.2% |
| 5+ Bedrooms | 33 | 32 | -3.0% |
Summary: The West Fargo 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 6.2%, 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 West Fargo, 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 West Fargo 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 West Fargo, ND
How long does it take to sell a home in West Fargo, ND?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 79 Days | 68 Days | -13.2% |
Summary: Homes in West Fargo 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 West Fargo are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in West Fargo; 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.
