Is 58103, 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, 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
$244,918
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 58103 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 58103 was $244,918 in May 2024, up 8.9% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140.5K | $128K | -8.9% |
| 2 Bedrooms | $157.5K | $175K | +11.1% |
| 3 Bedrooms | $234.8K | $246K | +4.7% |
| 4 Bedrooms | $282.1K | $285K | +1.0% |
| 5+ Bedrooms | $339K | $350K | +3.2% |
Summary: 58103 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 58103, ND
How many homes are available in 58103, ND?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 346 | 383 | +10.7% |
Summary: The 58103 real estate market had 383 homes for sale in May 2024, a 10.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 18 | +12.5% |
| 2 Bedrooms | 77 | 83 | +7.8% |
| 3 Bedrooms | 113 | 140 | +23.9% |
| 4 Bedrooms | 112 | 113 | +0.9% |
| 5+ Bedrooms | 28 | 29 | +3.6% |
Summary: The 58103 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 80 | +21.2% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 58103, you may be able to get a good deal. 46.3% of homes here sold below asking price last month.
Summary: A total of 80 homes were sold or pending in 58103 in May 2024, up by 21.2% month-over-month. Of the 80 sold homes, 46% were sold under asking, 15% were sold at asking, and 39% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 6 Days | -71.3% |
Summary: Homes in 58103 had an average of 6 days on market in May 2024, down by 71.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 May 2024, 80 homes were sold in 58103; 39% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
