Is 58075, ND a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 58075 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 58075 was a Seller's Market.

Key Takeaway

58075 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 58075, ND

How much do homes in 58075, ND cost?

Median Sold Price

$239,900

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,900(+14.2%)

Key Takeaway

Homes in 58075 have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in 58075 was $239,900 in October 2024, up 14.2% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $52.7K$172.4K
+227.1%
3 $210K$194.5K
-7.4%
4 $256K$263.7K
+3.0%
5+ $210K$332.5K
+58.3%

Summary: 58075 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 increased by 227.1%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 58.3%.

Median Sold Price Compared To Nearby Zip Codes

58075
+14.2%
56520
-11.8%

Housing Supply in 58075, ND

How many homes are available in 58075, ND?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8168-16.0%

Summary: The 58075 real estate market had 68 homes for sale in October 2024, a 16.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1818
0.0%
3 3221
-34.4%
4 1516
+6.7%
5+ 1512
-20.0%

Summary: The 58075 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 decreased by 34.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
154-73.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 58075, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 58075 in October 2024, down by 73.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 58075, ND

How long does it take to sell a home in 58075, ND?

Breakdown of Home Sale Times

2 Homes Were 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 58075 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 58075; 50% 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 17 Days Ago

Newest Listings in 58075, ND

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