Erik Peterson

Bismarck, ND 58501

Single-Family Homes

PROVEN REALTY Brokered by eXp REALTY 701-369-3949


Bismarck, ND 58501

Sat Dec 21 2024
This week the median list price for Bismarck, ND 58501 is $289,900 with the market action index hovering around 50. This is less than last month's market action index of 54. Inventory has decreased to 35. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Bismarck, ND 58501

Sat Dec 21 2024
This week the median list price for Bismarck, ND 58501 is $289,900 with the market action index hovering around 50. This is less than last month's market action index of 54. Inventory has decreased to 35. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Bismarck market.
Median List Price $289,900
Median Price of New Listings $289,900
Per Square Foot $132
Average Days on Market 51
Median Days on Market 42
Price Decreased 40%
Price Increased 0%
Relisted 6%
Inventory 35
Median Rent
Market Action 50
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$499,450 3,208 0.25 - 0.5 acre 5 3 49 0 0 45
$335,000 2,324 8,000 - 10,000 sqft 3 2 71 2 2 42
$274,900 2,144 6,500 - 8,000 sqft 4 2 66 3 2 56
$200,000 1,792 4,500 - 6,500 sqft 4 2 72 0 2 21