$4,216 Closing Credit*
$355,000
2,080 SqFt
4 Beds
•2 Full Baths
Listing Office: Dakota Plains Realty
Is Southpointe, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Southpointe was a Seller's Market.
Key Takeaway
Southpointe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southpointe, ND
How much do homes in Southpointe, ND cost?
Median Sold Price
$345,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,300(+7.6%)
Key Takeaway
Homes in Southpointe have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Southpointe was $345,000 in October 2024, up 7.6% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $171.2K | $181.7K | +6.1% |
| 3 Bedrooms | $279K | $328K | +17.6% |
| 4 Bedrooms | $335K | $367K | +9.6% |
| 5+ Bedrooms | $354K | $400K | +13.0% |
Summary: Southpointe 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 6.1%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Neighborhoods
| Southpointe | $320.7K | $345K | +7.6% |
| Brunsdale | $226K | $235K | +4.0% |
| Lincoln | $275K | $277.5K | +0.9% |
Housing Supply in Southpointe, ND
How many homes are available in Southpointe, ND?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 21 | -16.0% |
Summary: The Southpointe real estate market had 21 homes for sale in October 2024, a 16.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southpointe 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southpointe, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Southpointe in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Southpointe, ND
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 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 October 2024, 2 homes were sold in Southpointe; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
