Erik Peterson

Watford City, ND 58854

Single-Family Homes

PROVEN REALTY Brokered by eXp REALTY 701-369-3949


Watford City, ND 58854

Mon Oct 12 2026
This week the median list price for Watford City, ND 58854 is $426,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 27. 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 Buyer'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

Mon Oct 12 2026
This week the median list price for Watford City, ND 58854 is $426,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 27. 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 Buyer'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 $426,000
Median Price of New Listings $344,900
Per Square Foot $219
Average Days on Market 65
Median Days on Market 63
Price Decreased 37%
Price Increased 0%
Relisted 7%
Inventory 27
Median Rent
Market Action 29
Slight Buyer's Advantage

Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$624,900 3,085 0.25 - 0.5 acre 4 2 12 0 0 98
$505,000 2,818 0.25 - 0.5 acre 4 2 12 0 2 42
$357,900 1,568 0.5 - 1 acre 3 2 12 1 1 42
$292,500 1,647 8,000 - 10,000 sqft 3 1.5 81 0 0 66