Erik Peterson
Watford City, ND 58854
Single-Family Homes
PROVEN REALTY Brokered by eXp REALTY 701-369-3949
Watford City, ND 58854
Tue Apr 01 2025
This week the median list price for Watford City, ND 58854 is $529,000 with the market action index hovering around 55. This is an increase over last month's market action index of 49. Inventory has held steady at or around 13.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $529,000 | |
| Median Price of New Listings | $409,500 | |
| Per Square Foot | $306 | |
| Average Days on Market | 262 | |
| Median Days on Market | 98 | |
| Price Decreased | 15% | |
| Price Increased | 0% | |
| Relisted | 23% | |
| Inventory | 13 | |
| Median Rent | ||
| Market Action | 55 | |
| Strong Seller's Market | ||
In the last few weeks we’ve seen prices in this zip code bouncing around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $644,900 | 1,985 | 8,000 - 10,000 sqft | 3 | 3 | 3 | 0 | 0 | 973 |
| $565,000 | 1,691 | 8,000 - 10,000 sqft | 3 | 2 | 3 | 0 | 0 | 91 |
| $459,000 | 1,456 | 0.25 - 0.5 acre | 3 | 2 | 10 | 1 | 0 | 98 |
| $342,500 | 1,938 | 6,500 - 8,000 sqft | 4 | 2.8 | 14 | 1 | 1 | 35 |