Is 58102, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 58102 has remained a Seller's Market.
Key Takeaway
58102 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 58102, ND
How much do homes in 58102, ND cost?
Median Sold Price
$237,500
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 58102 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 58102 was $237,500 in May 2024, up 4.8% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.8K | $208K | +28.5% |
| 2 Bedrooms | $175K | $155K | -11.4% |
| 3 Bedrooms | $225K | $238K | +5.8% |
| 4 Bedrooms | $244.6K | $292.5K | +19.6% |
| 5+ Bedrooms | $345K | $330K | -4.3% |
Summary: 58102 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.5%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 4.3%.
Housing Supply in 58102, ND
How many homes are available in 58102, ND?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 225 | 237 | +5.3% |
Summary: The 58102 real estate market had 237 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 27 | +3.8% |
| 2 Bedrooms | 53 | 53 | 0.0% |
| 3 Bedrooms | 64 | 61 | -4.7% |
| 4 Bedrooms | 53 | 54 | +1.9% |
| 5+ Bedrooms | 29 | 42 | +44.8% |
Summary: The 58102 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.8%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 44.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 58102, you may be able to get a good deal. 55% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 58102 in May 2024, the same as the previous month. Of the 40 sold homes, 55% were sold under asking, 10% were sold at asking, and 35% were sold over asking.
Days on Market for 58102, ND
How long does it take to sell a home in 58102, ND?
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 58102 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 40 homes were sold in 58102; 33% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
