Is Jefferson / Carl Ben, ND a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jefferson / Carl Ben is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Jefferson / Carl Ben has remained a Seller's Market.

Key Takeaway

Jefferson / Carl Ben is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Jefferson / Carl Ben, ND

How much do homes in Jefferson / Carl Ben, ND cost?

Median Sold Price

$216,250

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,250(+8.1%)

Key Takeaway

Homes in Jefferson / Carl Ben have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Jefferson / Carl Ben was $216,250 in October 2024, up 8.1% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $128K-
N/A
2 $165K$195.9K
+18.8%
3 $210K$221K
+5.2%
4 $220K$225K
+2.3%
5+ $234K$235K
0.4%

Summary: Jefferson / Carl Ben housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Neighborhoods

Downtown Fargo
+24.5%
Jefferson / Carl Ben
+8.1%
Madison / Unicorn Park
+6.6%
Hawthorne
-10.7%

Housing Supply in Jefferson / Carl Ben, ND

How many homes are available in Jefferson / Carl Ben, ND?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5350-5.7%

Summary: The Jefferson / Carl Ben real estate market had 50 homes for sale in October 2024, a 5.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1412
-14.3%
3 1912
-36.8%
4 1422
+57.1%
5+ 64
-33.3%

Summary: The Jefferson / Carl Ben 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 decreased by 14.3%, 3 bedroom homes decreased by 36.8%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2116-23.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jefferson / Carl Ben, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.

Summary: A total of 16 homes were sold or pending in Jefferson / Carl Ben in October 2024, down by 23.8% month-over-month. Of the 16 sold homes, 31% were sold under asking, 44% were sold at asking, and 25% were sold over asking.

Days on Market for Jefferson / Carl Ben, ND

How long does it take to sell a home in Jefferson / Carl Ben, ND?

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jefferson / Carl Ben are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in Jefferson / Carl Ben; 25% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% 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 Jefferson / Carl Ben, ND

Nearby Markets to Jefferson / Carl Ben, ND