Erik Peterson

Watford City, ND 58854

Single-Family Homes

PROVEN REALTY Brokered by eXp REALTY 701-369-3949


Watford City, ND 58854

Sun Oct 18 2026
This week the median list price for Watford City, ND 58854 is $438,000 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has decreased to 24. Click here to stay informed with the Watford City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Watford City, ND 58854

Sun Oct 18 2026
This week the median list price for Watford City, ND 58854 is $438,000 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has decreased to 24. Click here to stay informed with the Watford City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Watford City market.
Median List Price $438,000
Median Price of New Listings $0
Per Square Foot $212
Average Days on Market 67
Median Days on Market 67
Price Decreased 38%
Price Increased 0%
Relisted 8%
Inventory 24
Median Rent
Market Action 31
Slight Seller's Advantage

This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. Keep an eye on the Market Action Index for a leading indicator of the duration of this downtrend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$694,450 3,024 0.25 - 0.5 acre 4 1.8 12 0 1 94
$512,500 2,670 0.25 - 0.5 acre 4 1.8 13 0 2 66
$356,450 1,599 0.5 - 1 acre 3 2 12 0 1 38
$292,500 1,647 8,000 - 10,000 sqft 3 1.5 81 0 0 73