Is 58103, ND a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 58103 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 58103 has remained a Seller's Market.

Key Takeaway

58103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 58103, ND

How much do homes in 58103, ND cost?

Median Sold Price

$245,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,144(+4.3%)

Key Takeaway

Homes in 58103 have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in 58103 was $245,000 in October 2024, up 4.3% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $167.5K$353K
+110.7%
2 $167.9K$173.1K
+3.1%
3 $240K$240.4K
0.2%
4 $280K$306K
+9.3%
5+ $322.7K$369K
+14.3%

Summary: 58103 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 110.7%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 14.3%.

Median Sold Price Compared To Nearby Zip Codes

58102
+6.6%
58103
+4.3%
58104
+4.2%
56560
+2.8%

Housing Supply in 58103, ND

How many homes are available in 58103, ND?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
358362+1.1%

Summary: The 58103 real estate market had 362 homes for sale in October 2024, a 1.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1616
0.0%
2 8282
0.0%
3 117113
-3.4%
4 103117
+13.6%
5+ 4034
-15.0%

Summary: The 58103 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 3.4%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 15%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8378-6.0%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 58103, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.

Summary: A total of 78 homes were sold or pending in 58103 in October 2024, down by 6.0% month-over-month. Of the 78 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% were sold over asking.

Days on Market for 58103, ND

How long does it take to sell a home in 58103, ND?

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 58103 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 78 homes were sold in 58103; 33% of homes were sold within 30 days, 13% 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 4 Days Ago

Newest Listings in 58103, ND

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