Is 58102, ND a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 58102 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 58102 was a Seller's Market.

Key Takeaway

58102 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 58102, ND

How much do homes in 58102, ND cost?

Median Sold Price

$242,285

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$7,285(+3.1%)

Key Takeaway

Homes in 58102 have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in 58102 was $242,285 in December 2024, up 3.1% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $200K$170K
-15.0%
2 $173.5K$178K
+2.6%
3 $230K$237.5K
+3.3%
4 $270K$285K
+5.6%
5+ $330K$375K
+13.6%

Summary: 58102 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 13.6%.

Median Sold Price Compared To Nearby Zip Codes

58103
+5.6%
58102
+3.1%
56560
+2.2%

Housing Supply in 58102, ND

How many homes are available in 58102, ND?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
267259-3.0%

Summary: The 58102 real estate market had 259 homes for sale in December 2024, a 3.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 3537
+5.7%
2 8278
-4.9%
3 8376
-8.4%
4 4244
+4.8%
5+ 2524
-4.0%

Summary: The 58102 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.7%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 4%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2419-20.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 58102, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 58102 in December 2024, down by 20.8% month-over-month. Of the 19 sold homes, 63% were sold under asking, 26% were sold at asking, and 11% were sold over asking.

Days on Market for 58102, ND

How long does it take to sell a home in 58102, ND?

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 58102 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 19 homes were sold in 58102; 42% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 21% 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 4 Days Ago

Newest Listings in 58102, ND

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