Is Fargo Township, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Fargo Township was a Seller's Market.
Housing Prices in Fargo Township, ND
How much do homes in Fargo Township, ND cost?
Median Sold Price
$281,448
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fargo Township was $281,448 in March 2024, up 2.5% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132K | $209K | +58.3% |
2 Bedrooms | $171.3K | $180.4K | +5.3% |
3 Bedrooms | $247.5K | $258K | +4.2% |
4 Bedrooms | $335.5K | $347.9K | +3.7% |
5+ Bedrooms | $457K | $519.3K | +13.6% |
Summary: Fargo Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 13.6%.
Housing Supply in Fargo Township, ND
How many homes are available in Fargo Township, ND?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
383 | 371 | -3.1% |
Summary: The Fargo Township real estate market had 371 homes for sale in March 2024, a 3.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 12 | +33.3% |
2 Bedrooms | 65 | 55 | -15.4% |
3 Bedrooms | 131 | 121 | -7.6% |
4 Bedrooms | 118 | 118 | 0.0% |
5+ Bedrooms | 60 | 65 | +8.3% |
Summary: The Fargo Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 56 | -11.1% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Fargo Township in March 2024, down by 11.1% month-over-month. Of the 56 sold homes, 52% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for Fargo Township, ND
How long does it take to sell a home in Fargo Township, ND?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 61 Days | +23.4% |
Summary: Homes in Fargo Township had an average of 61 days on market in Mar 2024, up by 23.4% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 56 homes were sold in Fargo Township; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.