$8,906 Closing Credit*
$750,000
4,050 SqFt
5 Beds
•2 Full Baths
Listing Office: Prime Realty
Is Fargo Township, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Fargo Township was a Seller's Market.
Key Takeaway
Fargo Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fargo Township, ND
How much do homes in Fargo Township, ND cost?
Median Sold Price
$297,690
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,711(+5.9%)
Key Takeaway
Homes in Fargo Township have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Fargo Township was $297,690 in November 2024, up 5.9% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.7K | $170K | -11.8% |
| 2 Bedrooms | $185K | $184K | -0.5% |
| 3 Bedrooms | $256K | $265.1K | +3.6% |
| 4 Bedrooms | $349.3K | $348.5K | -0.3% |
| 5+ Bedrooms | $489.9K | $488K | -0.4% |
Summary: Fargo Township 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 decreased by 0.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 0.4%.
Housing Supply in Fargo Township, ND
How many homes are available in Fargo Township, ND?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,195 | 941 | -21.3% |
Summary: The Fargo Township real estate market had 941 homes for sale in November 2024, a 21.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 51 | 52 | +2.0% |
| 2 Bedrooms | 199 | 159 | -20.1% |
| 3 Bedrooms | 400 | 314 | -21.5% |
| 4 Bedrooms | 353 | 285 | -19.3% |
| 5+ Bedrooms | 192 | 131 | -31.8% |
Summary: The Fargo Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 20.1%, 3 bedroom homes decreased by 21.5%, 4 bedroom homes decreased by 19.3%, and 5+ bedroom homes decreased by 31.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 226 | 109 | -51.8% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fargo Township, you may be able to get a good deal. 47.7% of homes here sold below asking price last month.
Summary: A total of 109 homes were sold or pending in Fargo Township in November 2024, down by 51.8% month-over-month. Of the 109 sold homes, 48% were sold under asking, 26% were sold at asking, and 27% were sold over asking.
Days on Market for Fargo Township, ND
How long does it take to sell a home in Fargo Township, ND?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 48 Days | +30.8% |
Summary: Homes in Fargo Township had an average of 48 days on market in Nov 2024, up by 30.8% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fargo Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 109 homes were sold in Fargo Township; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
