North Dakota Real Estate Market: Forecasts + Trends

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By Clever Real Estate Updated February 20, 2023

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North Dakota real estate trends

Real estate trends in North Dakota | Sellers | Buyers | Investors | The best and worst of North Dakota | North Dakota resources

From its sweeping grasslands to the shores of Lake Sakakawea, North Dakota is home to stunning natural beauty — including 63 wildlife refuges, the most of any state.

In fact, North Dakota is one of the least populated states in the nation, allowing plenty of wide open spaces. Though it's home to cities including Fargo, Bismarck, and Grand Forks, much of the state is considered rural.

But don't be fooled into thinking North Dakota lacks community spirit. It's officially nicknamed the Peace Garden State in recognition of the International Peace Garden, a botanical garden created in 1932 to promote friendship between the United States and Canada.

If you're thinking of buying or selling in North Dakota, these North Dakota housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1.5% or $3K in listing fees. Eligible buyers get cash back after closing. Find out how much you can save with Clever today!

Selling a home in North Dakota

North Dakota real estate market forecast for sellers
⏰ Homes are selling 38 days slower than the annual average 💰 Homes are selling for $37,747 more than the annual average
💸 Average listing commission: 2.50% 💸 Average buyer's commission: 2.50%
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How to sell a home in North Dakota

Cost to sell a home in North Dakota

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Buying a home in North Dakota

How much home you can buy with $300,000 in...
🏠 Fargo: 1,863 sq ft 🏡 Grand Forks: 2,206 sq ft
🏡 Bismarck: 1,630 sq ft 🏠 Minot: 2,778 sq ft
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Investing in North Dakota real estate

Best of North Dakota

Each month, we compare locations in North Dakota based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in North Dakota
1. Slope County
2. Billings County
3. Cass County
4. Steele County
5. Towner County
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Worst of North Dakota

Each month, we compare locations in North Dakota based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in North Dakota
1. Rolette County
2. Sioux County
3. Benson County
4. Stark County
5. Sheridan County
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North Dakota resources

👋 Next Steps: Talk to an expert

If you're weighing your options for buying or selling a house, Clever can help!

Our fully licensed concierge team can answer your questions and provide objective advice on getting the best outcome with your sale or purchase.

When you enter your info below, we'll ask you a few questions about your situation via a short form. Then our concierge team will be in touch shortly to help.

This service is free, and there’s never any obligation to move forward with us.

Frequently asked questions about North Dakota real estate

Is it a buyer's or seller's market in North Dakota?

It is currently a seller’s market in North Dakota, but it’s starting to cool off. Although homes are selling for a bit more than they’re worth, the decreasing demand is causing properties to sit longer on the market. However, each city and town is different, so it’s best to consult with a real estate agent to determine your local trends.

Is North Dakota a good state to invest in real estate?

North Dakota is a good state to invest in real estate, especially in bigger cities like Fargo and Bismarck, where people are always looking for housing. However, to ensure that your investment pays off, you will first need to learn what types of properties to buy and which neighborhoods to buy in. Find out more in our guide to investing in real estate.

Is it a good time to buy a house in North Dakota?

It might not be a great time to purchase a house in North Dakota for most people. Listing prices are higher than average, and mortgage rates are rising. Should you really need to buy, then you’ll need to work with an experienced real estate agent to help you find a good deal.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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