$359,900
Land
Listing Office: RE/MAX Legacy Realty
Is 58078, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 58078 has remained a Seller's Market.
Key Takeaway
58078 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 58078, ND
How much do homes in 58078, ND cost?
Median Sold Price
$331,425
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,462(+2.0%)
Key Takeaway
Homes in 58078 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 58078 was $331,425 in October 2024, up 2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.3K | $130K | -55.5% |
| 2 Bedrooms | $266K | $267K | 0.4% |
| 3 Bedrooms | $283.4K | $302.8K | +6.9% |
| 4 Bedrooms | $357.1K | $355K | -0.6% |
| 5+ Bedrooms | $528.5K | $595K | +12.6% |
Summary: 58078 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.5%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 12.6%.
Housing Supply in 58078, ND
How many homes are available in 58078, ND?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 446 | 426 | -4.5% |
Summary: The 58078 real estate market had 426 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 32 | 30 | -6.3% |
| 3 Bedrooms | 153 | 154 | +0.7% |
| 4 Bedrooms | 147 | 143 | -2.7% |
| 5+ Bedrooms | 107 | 92 | -14.0% |
Summary: The 58078 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 decreased by 6.3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 14%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 95 | +3.3% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 58078, you may be able to get a good deal. 46.3% of homes here sold below asking price last month.
Summary: A total of 95 homes were sold or pending in 58078 in October 2024, up by 3.3% month-over-month. Of the 95 sold homes, 46% were sold under asking, 25% were sold at asking, and 28% were sold over asking.
Days on Market for 58078, ND
How long does it take to sell a home in 58078, ND?
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 58078 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 95 homes were sold in 58078; 28% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
