Is 58104, ND a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 58104 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 58104 was a Seller's Market.

Key Takeaway

58104 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 58104, ND

How much do homes in 58104, ND cost?

Median Sold Price

$369,790

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,823(+3.6%)

Key Takeaway

Homes in 58104 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 58104 was $369,790 in November 2024, up 3.6% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $137.5K-
N/A
2 $342K$350K
+2.3%
3 $298.1K$301.4K
+1.1%
4 $380K$390K
+2.7%
5+ $549.9K$562.5K
+2.3%

Summary: 58104 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Zip Codes

58103
+5.0%
58078
+4.0%
58104
+3.6%
56560
+1.9%
58047
-0.4%

Housing Supply in 58104, ND

How many homes are available in 58104, ND?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
526404-23.2%

Summary: The 58104 real estate market had 404 homes for sale in November 2024, a 23.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3319
-42.4%
3 187143
-23.5%
4 190160
-15.8%
5+ 11682
-29.3%

Summary: The 58104 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 decreased by 42.4%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 29.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10651-51.9%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 58104, you may be able to get a good deal. 56.9% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in 58104 in November 2024, down by 51.9% month-over-month. Of the 51 sold homes, 57% were sold under asking, 20% were sold at asking, and 24% were sold over asking.

Days on Market for 58104, ND

How long does it take to sell a home in 58104, ND?

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 58104 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 51 homes were sold in 58104; 43% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 24% 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 21 Days Ago

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