Top Small Teams in North Dakota – Ranked By Sides

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    • Rank – State SidesTeam NameCompanyLocationSidesProfile
    1CollinsIGruchow GroupRE/MAX Legacy RealtyFargo, ND 80.0View Profile
    2Vonesh Real Estate TeamKeller Williams Inspire RealtyFargo, ND 73.5View Profile
    3Team Heritage HomesPremier PropertiesFargo, ND 66.0View Profile
    4HomeVest TeamCENTURY 21 Morrison RealtyBismarck, ND 65.0View Profile

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    2022 Market Summary

    North Dakota started 2022 with a total of 1,121 single-family homes on the market, with a median home price of $281,900 and an average price per square foot of $139. By the end of the year, inventory had increased to 1,456 homes on the market (+29%), with a median home price of $299,900 (+6%) and an average price per square foot of $157 (+12%).

    At the start of 2022, the median days on market (DOM) was 98 days – by the end of the year, median DOM had remained the same at 98 days.

    North Dakota started the year with 20% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 33% of North Dakota homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that North Dakota started 2022 as a seller’s market, with an MAI score of 36; by the end of the year, the MAI had dropped to 28 – a buyer’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

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