Is Reed Township, ND a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Reed Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Reed Township has remained a Seller's Market.

Key Takeaway

Reed Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Reed Township, ND

How much do homes in Reed Township, ND cost?

Median Sold Price

$270,500

$126/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$616,500(-69.5%)

Key Takeaway

Homes in Reed Township have sold for 69.5% less than they did a month ago.

Summary: The median home sold price in Reed Township was $270,500 in April 2024, down 69.5% from last month, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 -$245K
N/A
4 $1.1M$296K
-73.7%
5+ $649K-
N/A

Summary: Reed Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 73.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Harwood
-4.3%
Reed Township
-69.5%

Housing Supply in Reed Township, ND

How many homes are available in Reed Township, ND?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
108-20.0%

Summary: The Reed Township real estate market had 8 homes for sale in April 2024, a 20.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 54
-20.0%
5+ 21
-50.0%

Summary: The Reed Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Reed Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Reed Township in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Reed Township, ND

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Reed Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in Reed Township; 25% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Apr 1, 2024

Newest Listings in Reed Township, ND

Nearby Markets to Reed Township, ND

What housing markets are near Reed Township, ND?