Erik Peterson

Bismarck, ND 58501

Single-Family Homes

PROVEN REALTY Brokered by eXp REALTY 701-369-3949


Bismarck, ND 58501

Wed Apr 29 2026
This week the median list price for Bismarck, ND 58501 is $322,400 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 22. Click here to stay informed with the Bismarck market!

Market Action Index

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

Strong Seller's Market

Market Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Bismarck, ND 58501

Wed Apr 29 2026
This week the median list price for Bismarck, ND 58501 is $322,400 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 22. Click here to stay informed with the Bismarck market!

Market Action Index

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

Strong Seller's Market

Market Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Bismarck market.
Median List Price $322,400
Median Price of New Listings $324,900
Per Square Foot $173
Average Days on Market 84
Median Days on Market 21
Price Decreased 50%
Price Increased 0%
Relisted 14%
Inventory 22
Median Rent
Market Action 49
Strong Seller's Market

Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

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
$637,450 3,332 1 - 2.5 acres 4 3 18 1 0 31
$414,900 1,792 0.25 - 0.5 acre 4 2 68 3 1 0
$299,450 1,927 6,500 - 8,000 sqft 4 2 74 2 2 91
$189,900 1,752 4,500 - 6,500 sqft 3 2 90 1 0 133