Erik Peterson
Watford City, ND 58854
Single-Family Homes
PROVEN REALTY Brokered by eXp REALTY 701-369-3949
Watford City, ND 58854
Sun Dec 22 2024
This week the median list price for Watford City, ND 58854 is $450,000 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has decreased to 25.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $450,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $198 | |
| Average Days on Market | 253 | |
| Median Days on Market | 189 | |
| Price Decreased | 28% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 25 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $629,900 | 2,277 | 8,000 - 10,000 sqft | 4 | 3 | 3 | 0 | 0 | 329 |
| $475,000 | 1,785 | 0.5 - 1 acre | 3 | 2 | 0 | 0 | 1 | 206 |
| $441,000 | 2,235 | 0.25 - 0.5 acre | 3 | 2 | 7 | 0 | 1 | 80 |
| $290,000 | 1,940 | 8,000 - 10,000 sqft | 3 | 1.8 | 84 | 0 | 0 | 168 |