Erik Peterson

Alexander, ND 58831

Single-Family Homes

PROVEN REALTY Brokered by eXp REALTY 701-369-3949


Current active inventory in Alexander, ND 58831 is very low. Keep this in mind when looking at this report.

Alexander, ND 58831

Wed Dec 17 2025
This week the median list price for Alexander, ND 58831 is $1,214,500 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 2. Click here to stay informed with the Alexander market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Alexander, ND 58831

Wed Dec 17 2025
This week the median list price for Alexander, ND 58831 is $1,214,500 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 2. Click here to stay informed with the Alexander market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Alexander market.
Median List Price $1,214,500
Median Price of New Listings $0
Per Square Foot $248
Average Days on Market 81
Median Days on Market 81
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 36
Slight Seller's Advantage

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,800,000 5,520 N/A 5 1.5 66 0 0 154
$0 0 - NaN 0 NaN 0 0 NaN
$629,000 3,662 0.25 - 0.5 acre 4 2.5 12 0 0 7
$0 0 - NaN 0 NaN 0 0 NaN