$359,900
Land
Listing Office: RE/MAX Legacy Realty
Is West Fargo, 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, West Fargo has remained a Seller's Market.
Key Takeaway
West Fargo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Fargo, ND
How much do homes in West Fargo, ND cost?
Median Sold Price
$335,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+3.1%)
Key Takeaway
Homes in West Fargo have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in West Fargo was $335,000 in October 2024, up 3.1% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.3K | $130K | -55.5% |
| 2 Bedrooms | $266K | $267K | 0.4% |
| 3 Bedrooms | $284.9K | $303.1K | +6.4% |
| 4 Bedrooms | $358.5K | $355K | -1.0% |
| 5+ Bedrooms | $550K | $595K | +8.2% |
Summary: West Fargo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.5%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Fargo | $279.6K | $295.7K | +5.7% |
| West Fargo | $325K | $335K | +3.1% |
Housing Supply in West Fargo, ND
How many homes are available in West Fargo, ND?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 451 | 431 | -4.4% |
Summary: The West Fargo real estate market had 431 homes for sale in October 2024, a 4.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 32 | 30 | -6.3% |
| 3 Bedrooms | 155 | 158 | +1.9% |
| 4 Bedrooms | 149 | 143 | -4.0% |
| 5+ Bedrooms | 108 | 93 | -13.9% |
Summary: The West Fargo 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 6.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 13.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 97 | +3.2% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Fargo, you may be able to get a good deal. 45.4% of homes here sold below asking price last month.
Summary: A total of 97 homes were sold or pending in West Fargo in October 2024, up by 3.2% month-over-month. Of the 97 sold homes, 45% were sold under asking, 25% were sold at asking, and 30% were sold over asking.
Days on Market for West Fargo, ND
How long does it take to sell a home in West Fargo, ND?
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Fargo are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 97 homes were sold in West Fargo; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
