Is Barnes County, ND a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barnes County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Barnes County, ND

How much do homes in Barnes County, ND cost?

Median Sold Price

$199,900

$99/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,900(+11.1%)

Key Takeaway

Homes in Barnes County have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Barnes County was $199,900 in October 2024, up 11.1% from last year, and the median price per square foot was $99.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $50K$67.4K
+34.9%
2 $165K$110.5K
-33.0%
3 $205K$174K
-15.1%
4 $220K$285K
+29.5%
5+ $230K$387.5K
+68.5%

Summary: Barnes County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.9%, 2 bedroom homes decreased by 33%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 68.5%.

Median Sold Price Compared To Nearby Counties

Ransom County
+29.7%
Barnes County
+11.1%

Housing Supply in Barnes County, ND

How many homes are available in Barnes County, ND?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4944-10.2%

Summary: The Barnes County real estate market had 44 homes for sale in October 2024, a 10.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 2122
+4.8%
4 1411
-21.4%
5+ 62
-66.7%

Summary: The Barnes County 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 increased by 12.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1410-28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barnes County, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Barnes County in October 2024, down by 28.6% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Barnes County, ND

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

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 10 homes were sold in Barnes County; 30% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Barnes County, ND

Nearby Markets to Barnes County, ND

What housing markets are near Barnes County, ND?