The North Dakota Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in North Dakota

💡 Key North Dakota housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $259,916[1]#37 of 50 states29.6% lower
Median Listing Price $373,450[2]#33 of 50 states18.6% lower
Median Sale Price $307,400[3]#36 of 50 states28.6% lower
30 Year Mortgage Rate 6.95%[4]#15 of 50 states0.4% lower
Median Days on Market 44[5]#29 of 50 states6.7% longer
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🗺️ Buying a house in the North Dakota real estate market

North Dakota has an affordability score of 4.7, meaning it takes 4.7 years of the median household income ($65,315) to afford North Dakota's median home sale price ($307,400). Because of this, we rank North Dakota as the 7th most affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $307,400[6]#36 of 50 states28.6% lower
30 Year Mortgage Rate 6.95%[7]#15 of 50 states0.4% lower
Median Household Income $65,315[8]#19 of 50 states1.2% higher
Affordability Ratio 4.7#7 of 50 states28.6% lower
Buyers Agent Commission 2.50%[9]#11 of 50 states6.5% lower
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Resources for North Dakota home buyers

🗺️ Selling a house in the North Dakota real estate market

According to our detailed survey of North Dakota real estate agents, listing agents (those representing the seller) charge an average commission in North Dakota of 2.5%, which is the 4th lowest in the United States. Buyers' agents charge an average commission of 2.5%, which is the 11th lowest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $373,450[10]#33 of 50 states18.6% lower
Median Sale Price $307,400[11]#36 of 50 states28.6% lower
Median Days on Market 44[12]#29 of 50 states6.7% longer
Buyer's Agent Commission 2.50%[13]#11 of 50 states6.5% lower
Listing Agent Commission 2.50%[14]#4 of 50 states12.5% lower
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Resources for North Dakota home sellers

Moving to North Dakota

According to our recent moving trends survey[15], 5% of Americans indicated that they would choose to move to North Dakota if money were no object.

Here's how North Dakota cities rank in a number of our research studies.

StudyBest North Dakota cityRank
Best Pizza Cities[16]No ranking North Dakota citiesNo ranking North Dakota cities
Best Coffee Cities[17]No ranking North Dakota citiesNo ranking North Dakota cities
Best LGBTQ Cities[18]No ranking North Dakota citiesNo ranking North Dakota cities
Best Bike Cities[19]No ranking North Dakota citiesNo ranking North Dakota cities
Best Commuter Cities[20]No ranking North Dakota citiesNo ranking North Dakota cities
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated May 31, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[3] Redfin – "Redfin Data Center". Updated May 2024.
[4] Bankrate – "Bankrate". Updated July 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[6] Redfin – "Redfin Data Center". Updated May 2024.
[7] Bankrate – "Bankrate". Updated July 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[11] Redfin – "Redfin Data Center". Updated May 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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