Year-over-year, North Dakota’s housing market shows modest price growth with shifting dynamics below the surface. Typical home values are up a few percent from last May, while median list prices are almost flat, suggesting sellers are pricing closer to where buyers are willing to pay. Months of supply has dropped by roughly a third over the past year, pointing to tighter overall inventory even as conditions have cooled slightly from recent peaks.
Looking at the latest month of May 2026, homes are typically valued and listed right around $314,000, with the average sale-to-list ratio near 98 percent. Homes are taking about 40 days to sell on average, and just over 10 percent of sales are closing above the asking price, down from the higher shares seen last summer, which indicates buyers have gained a bit more negotiating room.
Sales activity has picked up compared to a year ago, with homes sold up nearly 4 percent and pending sales up more than 14 percent, even as active listings are only slightly higher. New listings have inched up as well, keeping months of supply near three, consistent with a seller-leaning market that still offers options for buyers. With so many moving pieces in North Dakota’s market, both buyers and sellers can benefit from Agent Pronto’s help in finding an experienced local agent to guide their next move.
