Is Trollwood, ND a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Trollwood is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Trollwood has remained a Seller's Market.

Key Takeaway

Trollwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Trollwood, ND

How much do homes in Trollwood, ND cost?

Median Sold Price

$340,000

$138/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$242,000(+246.9%)

Key Takeaway

Homes in Trollwood have sold for 246.9% more than they did a month ago.

Summary: The median home sold price in Trollwood was $340,000 in September 2024, up 246.9% from last month, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $95K-
N/A
3 $181.5K$330K
+81.8%
4 $326.5K$350K
+7.2%
5+ --
N/A

Summary: Trollwood housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 81.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes did not change.

Housing Supply in Trollwood, ND

How many homes are available in Trollwood, ND?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2220-9.1%

Summary: The Trollwood real estate market had 20 homes for sale in September 2024, a 9.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 84
-50.0%
3 86
-25.0%
4 68
+33.3%
5+ 02
+100.0%

Summary: The Trollwood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
104-60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Trollwood, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Trollwood in September 2024, down by 60.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Trollwood, ND

How long does it take to sell a home in Trollwood, ND?

Average Sale Time

Aug 2024Sep 2024CHANGE
18 Days23 Days+23.7%

Summary: Homes in Trollwood had an average of 23 days on market in Sep 2024, up by 23.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Trollwood are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 4 homes were sold in Trollwood; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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