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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wahpeton is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Wahpeton was a Seller's Market.

Key Takeaway

Wahpeton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wahpeton, ND

How much do homes in Wahpeton, ND cost?

Median Sold Price

$250,000

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,000(+16.3%)

Key Takeaway

Homes in Wahpeton have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in Wahpeton was $250,000 in October 2024, up 16.3% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $41.4K$180.4K
+335.6%
3 $210K$194.5K
-7.4%
4 $256K$263.7K
+3.0%
5+ $210K$332.5K
+58.3%

Summary: Wahpeton 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 335.6%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 58.3%.

Median Sold Price Compared To Nearby Cities

Wahpeton
+16.3%
Breckenridge
-11.8%
Breckenridge Township
-11.8%

Housing Supply in Wahpeton, ND

How many homes are available in Wahpeton, ND?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8269-15.9%

Summary: The Wahpeton real estate market had 69 homes for sale in October 2024, a 15.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1818
0.0%
3 3221
-34.4%
4 1718
+5.9%
5+ 1512
-20.0%

Summary: The Wahpeton 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 remained the same, 3 bedroom homes decreased by 34.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
154-73.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wahpeton, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Wahpeton in October 2024, down by 73.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Wahpeton, ND

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

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Wahpeton; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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