Top Large Teams in North Dakota – Ranked by Volume

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2023 North Dakota Housing Market Summary

North Dakota started 2023 with a total of 1,326 single-family homes on the market, with a median home price of $301,832 and an average price per square foot of $156. By the end of the year, inventory had decreased to 1,288 homes on the market (-2%), with a median home price of $329,900 (+9%) and an average price per square foot of $159 (+1%).

At the start of 2023, the median days on market (DOM) was 98 days – by the end of the year, median DOM had decreased to 84 days.

North Dakota started the year with 31% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 33% of North Dakota homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that North Dakota started 2023 as a strong seller’s market, with an MAI score of 47; by the end of the year, the MAI had dropped to 30 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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