Minot, ND Home Values & Market Trends

Real estate market trends reflect that there have been 869 transactions over the past year in Minot. The median value for residential home transactions that occurred over the previous year is $270,836.18. The number of current listings in Minot is 35, and the percentage of properties for sale in the city is 35.00%. Minot, ND currently has 23 properties in foreclosure, 9 bank owned properties, 2 properties headed for auction, and 35 properties for sale.

Minot, ND Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
58701

$ 253,261

$ 210/sqft

58707

$ --

$ --

58703

$ 355,000

$ 200/sqft

Housing Market Summary for Minot, ND

Apr 2023March 2024Change
Median Listing Price$239.9K$251K4.61%
Median Sold Price$227K$251K10.56%
Homes For Sale213252.38%
Homes Sold3393667.96%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Minot, ND

Minot home values range from $21,958 to $27,559,511. The median estimated value of a home in Minot is $270,836.18. The median list price of a home is 245,000, and the total count of properties in the city is 20,348.

Foreclosure
There are 3 zips within Minot, ND; within these zips, the median estimated home value for homes in foreclosure ranges from $327,830 in 58703 to the lowest value of $103,604 in 58703. Foreclosure homes account for 0.00% of properties in Minot, ND with 58703 containing 17 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.06% of all residential properties in Minot, ND with 58703 containing 7 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Minot, ND; of those zips, the estimated home value for pre-foreclosure homes ranges from $287,143 in 58701 to the lowest home value of $103,604 in 58703.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Minot, ND ranges from the highest value of $411,408 in 58701 to the lowest value of $176,600 in 58703. Bank owned homes and properties account for 0.04% of properties in Minot, ND. There are 3 zips within Minot, ND; 58703 containing 8 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    58703 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Minot, ND. Auction homes and other auction properties account for 0.01% of all properties in Minot, ND. There are 3 zips within Minot, ND; of those zips, the median estimated home value for homes going to auction ranges from $303,824 in 58703 to the lowest value of $245,688 in 58703.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.17% of residential properties in Minot, ND with 58701 containing 18 homes for sale, the highest number of listed properties in a single zip. There are 3 zips within Minot, ND; homes for sale in those zips, have a range of median values from $999,900 in 58701 to the lowest value of $41,250 in 58703.
    Sold Homes
    The median value for recently sold homes ranges from $1,282,938 in 58703 to the lowest price of $30,500 in 58703. There are 3 zips within Minot, ND. 58701 has 207 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.01% of properties in Minot, ND.

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      Guide for Minot, ND

      Market Reports
      Real Estate Market Report of Fargo, North Dakota – April 2024
      Home Buying Guides & Tips
      North Dakota Foreclosure Laws
      Home Buying Financing
      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      See More Articles
      Real Estate Market Report of Fargo, North Dakota – April 2024
      Market Reports|posted 4 April 2024

      The Fargo real estate market showcases significant fluctuation in property values, with trends indicating a favoring of sellers. Understanding these patterns is crucial for potential buyers, sellers, and investors.

      North Dakota Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      North Dakota Foreclosure Laws

      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Financing|posted 23 April 2024

      Sometime we need to make changes to our budget to cope with higher interest rates. Here are some tips!

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      Recently Listed Homes Minot, ND

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