Erik Peterson
Watford City, ND 58854
Single-Family Homes
PROVEN REALTY Brokered by eXp REALTY 701-369-3949
Watford City, ND 58854
Sat May 18 2024
This week the median list price for Watford City, ND 58854 is $485,000 with the market action index hovering around 31. This is an increase over last month's market action index of 23. Inventory has decreased to 20.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $485,000 | |
| Median Price of New Listings | $480,000 | |
| Per Square Foot | $268 | |
| Average Days on Market | 182 | |
| Median Days on Market | 35 | |
| Price Decreased | 10% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 20 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
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 |
|---|---|---|---|---|---|---|---|---|
| $659,900 | 1,985 | 8,000 - 10,000 sqft | 3 | 3 | 2 | 0 | 0 | 126 |
| $504,900 | 2,688 | 1 - 2.5 acres | 3 | 2 | 0 | 1 | 1 | 14 |
| $454,900 | 1,542 | 0.25 - 0.5 acre | 3 | 2 | 0 | 0 | 0 | 42 |
| $359,900 | 2,040 | 0.5 - 1 acre | 3 | 2 | 11 | 1 | 1 | 21 |