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 November 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

$244,678

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,328(+4.9%)

Key Takeaway

Homes in 58102 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 58102 was $244,678 in November 2024, up 4.9% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $192.7K$170K
-11.8%
2 $172K$179.5K
+4.4%
3 $229.9K$237.5K
+3.3%
4 $266.7K$286.5K
+7.4%
5+ $340K$392.5K
+15.4%

Summary: 58102 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 15.4%.

Median Sold Price Compared To Nearby Zip Codes

58103
+5.0%
58102
+4.9%
56560
+1.9%

Housing Supply in 58102, ND

How many homes are available in 58102, ND?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
315279-11.4%

Summary: The 58102 real estate market had 279 homes for sale in November 2024, a 11.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3535
0.0%
2 8484
0.0%
3 10287
-14.7%
4 5244
-15.4%
5+ 4229
-31.0%

Summary: The 58102 housing inventory by bedroom type for November 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 14.7%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 31%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4219-54.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 58102, expect to pay close to the asking price. 36.8% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in 58102 in November 2024, down by 54.8% month-over-month. Of the 19 sold homes, 26% were sold under asking, 37% were sold at asking, and 37% 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

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 19 homes were sold in 58102; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% 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 2 Days Ago

Newest Listings in 58102, ND

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