$4,988 Closing Credit*
$420,000
2,876 SqFt
4 Beds
•1 Full Bath
Listing Office: Roers Real Estate Services LLC
Is Southpointe, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Southpointe has remained a Seller's Market.
Key Takeaway
Southpointe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southpointe, ND
How much do homes in Southpointe, ND cost?
Median Sold Price
$344,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,000(+4.2%)
Key Takeaway
Homes in Southpointe have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Southpointe was $344,000 in November 2024, up 4.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170.5K | $186K | +9.1% |
| 3 Bedrooms | $328.5K | $285K | -13.2% |
| 4 Bedrooms | $320.7K | $367K | +14.4% |
| 5+ Bedrooms | $369.5K | $410K | +11.0% |
Summary: Southpointe 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 9.1%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Neighborhoods
| Brunsdale | $226K | $240.9K | +6.6% |
| Southpointe | $330K | $344K | +4.2% |
| Lincoln | $282.5K | $282.5K | 0.0% |
Housing Supply in Southpointe, ND
How many homes are available in Southpointe, ND?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Summary: The Southpointe real estate market had 14 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 3 | -62.5% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Southpointe 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 remained the same, 3 bedroom homes decreased by 62.5%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southpointe, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Southpointe in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Southpointe, ND
How long does it take to sell a home in Southpointe, 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
Key Takeaway
Many homes in Southpointe are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Southpointe; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
