Top Small Teams in North Dakota – Ranked By Sides

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    • Rank – State SidesTeam NameCompanyLocationSidesProfile
    4HomeVest TeamCENTURY 21 Morrison RealtyBismarck, ND 79.7View Profile
    6Vonesh Real Estate TeamKeller WilliamsGrand Forks, ND 61.0View Profile
    6Team TerryCENTURY 21 Morrison RealtyBismarck, ND 61.0View Profile

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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.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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