$2,672 Closing Credit*
$225,000
1,842 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX Now (Valley City)
Is Valley City, 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, Valley City has remained a Seller's Market.
Key Takeaway
Valley City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Valley City, ND
How much do homes in Valley City, ND cost?
Median Sold Price
$200,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,500(+8.4%)
Key Takeaway
Homes in Valley City have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Valley City was $200,000 in October 2024, up 8.4% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $84.9K | +69.8% |
| 2 Bedrooms | $159.5K | $110.5K | -30.7% |
| 3 Bedrooms | $189.9K | $189.7K | -0.1% |
| 4 Bedrooms | $220.7K | $285K | +29.1% |
| 5+ Bedrooms | $230K | $387.5K | +68.5% |
Summary: Valley City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.8%, 2 bedroom homes decreased by 30.7%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 29.1%, and 5+ bedroom homes increased by 68.5%.
Housing Supply in Valley City, ND
How many homes are available in Valley City, ND?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 41 | -6.8% |
Summary: The Valley City real estate market had 41 homes for sale in October 2024, a 6.8% 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 6 | 2 | -66.7% |
Summary: The Valley City 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 increased by 12.5%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valley City, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Valley City in October 2024, down by 16.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Valley City, ND
How long does it take to sell a home in Valley City, 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 Valley City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Valley City; 30% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
