Is 58059, ND a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 58059 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 58059 was a Buyer's Market.

Key Takeaway

58059 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 58059, ND

How much do homes in 58059, ND cost?

Median Sold Price

$275,000

$148/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$79,000(-22.3%)

Key Takeaway

Homes in 58059 have sold for 22.3% less than they did a month ago.

Summary: The median home sold price in 58059 was $275,000 in October 2024, down 22.3% from last month, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$275K
N/A
4 $354K$475K
+34.2%
5+ --
N/A

Summary: 58059 housing prices by bedroom type for October 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 increased by 34.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

58052
-5.7%
58059
-22.3%

Housing Supply in 58059, ND

How many homes are available in 58059, ND?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2226+18.2%

Summary: The 58059 real estate market had 26 homes for sale in October 2024, a 18.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 710
+42.9%
4 910
+11.1%
5+ 22
0.0%

Summary: The 58059 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 increased by 42.9%, 4 bedroom homes increased by 11.1%, 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

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 58059, 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 58059 in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 58059, ND

How long does it take to sell a home in 58059, ND?

Average Sale Time

Sep 2024Oct 2024CHANGE
20 Days71 Days+256.7%

Summary: Homes in 58059 had an average of 71 days on market in Oct 2024, up by 256.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 58059 has remained consistent over time.

Summary: During October 2024, 6 homes were sold in 58059; 0% of homes were sold within 30 days, 50% 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 17 Days Ago

Newest Listings in 58059, ND

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