$5,664 Closing Credit*
$477,000
2,697 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Dakota Plains 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 October 2023
Since last year, Fargo Township has remained a Seller's Market.
Key Takeaway
Fargo Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fargo Township, ND
How much do homes in Fargo Township, ND cost?
Median Sold Price
$295,702
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,057(+5.7%)
Key Takeaway
Homes in Fargo Township have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Fargo Township was $295,702 in October 2024, up 5.7% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191.8K | $170K | -11.4% |
| 2 Bedrooms | $181.5K | $187.5K | +3.3% |
| 3 Bedrooms | $255K | $265K | +3.9% |
| 4 Bedrooms | $347.5K | $348.3K | 0.2% |
| 5+ Bedrooms | $487.6K | $495K | +1.5% |
Summary: Fargo Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Fargo Township | $279.6K | $295.7K | +5.7% |
| Oakport Township | $480K | $375.5K | -21.8% |
Housing Supply in Fargo Township, ND
How many homes are available in Fargo Township, ND?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,200 | 1,224 | +2.0% |
Summary: The Fargo Township real estate market had 1,224 homes for sale in October 2024, a 2.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 49 | 51 | +4.1% |
| 2 Bedrooms | 196 | 202 | +3.1% |
| 3 Bedrooms | 391 | 412 | +5.4% |
| 4 Bedrooms | 366 | 365 | -0.3% |
| 5+ Bedrooms | 198 | 194 | -2.0% |
Summary: The Fargo Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 232 | 218 | -6.0% |
Asking Price vs. Sold Price
107 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
48 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. 49.1% of homes here sold below asking price last month.
Summary: A total of 218 homes were sold or pending in Fargo Township in October 2024, down by 6.0% month-over-month. Of the 218 sold homes, 49% were sold under asking, 29% were sold at asking, and 22% were sold over asking.
Days on Market for Fargo Township, ND
How long does it take to sell a home in Fargo Township, ND?
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
13 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 October 2024, 218 homes were sold in Fargo Township; 26% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
