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When Is the Best Time to Sell a House in North Dakota?

If you're thinking of selling your North Dakota home in 2020, here are the best (and worst) times of year to do it, by the numbers.

If you're thinking of selling your North Dakota home in 2020, here are the best (and worst) times of year to do it, by the numbers.

Updated March 24, 2020

When selling a home in North Dakota, timing isn't everything; however, it can certainly influence how long it takes and the price you're ultimately able to get.

If you have some flexibility with your sale, it's worth doing some market research to boost your chances of getting the best outcome possible.

In terms of price, the best month to sell a house in North Dakota is December. The median sale price for North Dakota homes in December is $236,330, which is $2,021 more than the annual average.

The best month to sell a house fast in North Dakota is June. North Dakota homes sold in June are on the market for an average of 79, which is 27 days faster than the annual average.

Of course, this is just a small piece of the overall picture. Below, we've compiled some of the most important data to consider before deciding when to sell your North Dakota home, including monthly inventory, sale prices, sale-to-list ratios, days on market, and more.

The best time of year to sell a house in North Dakota

Determining the “right” time to sell your house is somewhat subjective, as it really depends on your specific goals and circumstances. That said, if you're like most sellers — i.e., your top priorities are selling high and fast — here's when you should list your North Dakota house.

Best month for:MonthTypical sale price premium*Days sold faster than average*
PriceDecember$2,021-1.5 days
SpeedJune-$16027 days

Source: Zillow Research, Jan-Dec 2019

*Negative values indicate when a month is best for one priority (speed or price) but below the annual average for the other

Importantly, these trends can vary from region to region. The table below shows the most lucrative months to sell for five major cities in North Dakota.

CityBest month to sellTypical sale price premium
BismarckDecember$8,667
Grand ForksJanuary$9,050
MinotSeptember$19,875
DickinsonOctober$1,732
FargoDecember$1,384

Source: Zillow Research, Jan-Dec 2018

North Dakota real estate market trends

Zooming back out to the national level, housing market activity — that is, the number of active listings and sales — is cyclical, peaking in late spring and hitting its annual low towards the end of the year.

Active listings and volume of home sales since 2016

Source: Realtor.com, Jul 2016-Feb 2020

As you can see above, the overall volume of pending sales — which is a good gauge of buyer demand — reliably spikes in May. So is listing in late spring always going to be the best move? Not necessarily.

That corresponding spike in inventory (number of active listings) also means more competition. Depending on factors like your property's age, condition, location, etc., this could actually make it more difficult and/or expensive to sell.

Moreover, these trends vary considerably on state, regional, and local levels. To provide a more comprehensive picture of seasonal housing market trends in North Dakota, we've compiled some of the most important data points below, along with some simple definitions and advice.

Median sale price in North Dakota by month

Month with highest median sale priceMedian sale pricePremium over annual average
December$236,330$2,021

Source: Zillow Research, Jan 2019-Dec 2019

Median sale prices can help you understand when home sale prices for North Dakota homes are typically at their annual high and low. When you zoom out and look at median sale prices over the course of a larger span of time — say, several years — it can also indicate broader trends, like home value appreciation and increasing buyer demand. The graph below shows median sale price trends in North Dakota during 2019.

MonthMedian sale price in North Dakota
January$232,154
February$232,646
March$232,884
April$233,301
May$233,577
June$234,149
July$234,500
August$234,920
September$235,320
October$235,815
November$236,109
December$236,330
Annual average sale price in North Dakota$234,309

Source: Zillow Research, Jan 2019-Dec 2019

Median days on market (DOM) in North Dakota by month

Fastest month to sell in North DakotaMedian DOMDays sold faster than average
June79 days27 days

Source: Zillow Research, Jan 2019-Dec 2019

Days on market — or DOM — is commonly defined as the number of days from when a property is officially listed on a multiple listing service (MLS) and a sales contract is signed.

When a market has a low median DOM, that's usually an indicator of favorable conditions for sellers, i.e., a high demand among buyers. Conversely, a higher median DOM signifies low demand, meaning less favorable conditions for sellers. Remember, seasonality can be a big factor, particularly in regions with bigger weather swings throughout the year. Moreover, demand can vary considerably from neighborhood to neighborhood. Talk to your realtor for an accurate read on current — or seasonal — market conditions in your area, specifically.

MonthMedian days on market in North Dakota
January123 days
February152 days
March144 days
April125 days
May102 days
June79 days
July80 days
August84 days
September88 days
October90 days
November95 days
December107.5 days
Annual average DOM in North Dakota106 days

Source: Zillow Research, Jan 2019-Dec 2019

When should you sell your North Dakota home?

Sometimes life changes — expected or not — can require selling during a slower month or time of year. That's ok! The most important factor in deciding when to sell your house is you. Consider your own needs, financial situation, and timeline above everything else.

If your reason for selling is relatively flexible — say, you're looking for a bigger house or more convenient neighborhood — it might be worth trying to time your sale; however, waiting for peak market conditions isn't worth missing, say, a great job opportunity or putting off an important life goal, like retirement.

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Jamie Ayers

Jamie is the Director of Content at Clever Real Estate, the free online service that connects you with top real estate agents and helps you save thousands on commission. In the past, Jamie has managed columns for clients in a variety of leading business publications, including Forbes, Inc., CEO World, Entrepreneur, and more. At Clever, Jamie's primary goal is to provide home sellers, buyers, and investors with the information they need to successfully navigate the ins and outs of the real estate industry.

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