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.
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
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
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
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.