Is 58012, ND a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 58012 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 58012 was a Buyer's Market.

Key Takeaway

58012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 58012, ND

How much do homes in 58012, ND cost?

Median Sold Price

$290,000

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$1,700(-0.6%)

Key Takeaway

Homes in 58012 have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in 58012 was $290,000 in October 2024, down 0.6% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$145.4K
N/A
3 $242.5K$285K
+17.5%
4 $345K$290K
-15.9%
5+ $638.1K$441.2K
-30.9%

Summary: 58012 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 30.9%.

Median Sold Price Compared To Nearby Zip Codes

58012
-0.6%
58042
-14.3%

Housing Supply in 58012, ND

How many homes are available in 58012, ND?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
21210.0%

Summary: The 58012 real estate market had 21 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 77
0.0%
4 44
0.0%
5+ 1010
0.0%

Summary: The 58012 housing inventory by bedroom type for October 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

4 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 58012, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 58012 in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 58012, ND

How long does it take to sell a home in 58012, ND?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 58012 has remained consistent over time.

Summary: During October 2024, 6 homes were sold in 58012; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 12 Days Ago

Newest Listings in 58012, ND

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