Erik Peterson

Bismarck, ND 58501

Single-Family Homes

PROVEN REALTY Brokered by eXp REALTY 701-369-3949


Bismarck, ND 58501

Thu Oct 30 2025
This week the median list price for Bismarck, ND 58501 is $299,900 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has decreased to 41. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Thu Oct 30 2025
This week the median list price for Bismarck, ND 58501 is $299,900 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has decreased to 41. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $299,900
Median Price of New Listings $299,500
Per Square Foot $144
Average Days on Market 74
Median Days on Market 42
Price Decreased 56%
Price Increased 0%
Relisted 7%
Inventory 41
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$449,000 2,619 0.25 - 0.5 acre 4 3 46 1 2 105
$310,000 2,075 8,000 - 10,000 sqft 4 2 65 1 1 14
$267,250 2,190 6,500 - 8,000 sqft 4 2 73 2 1 59
$212,400 1,588 6,500 - 8,000 sqft 3 2 96 1 1 45