North Dakota housing market data: median home price, year-over-year appreciation, inventory, months of supply, days on market, affordability, and what it mean
North Dakota is currently a balanced market. The median sale price sits near $269,000, up 3.3% from a year ago, with roughly 16,368 active listings and 3.8 months of supply. Homes are going under contract in about 29 days on average.
North Dakota's median sale price of $269,000 is 35.8% below the $419,300 national median, which places it 37 of 51 states by price level. Year-over-year appreciation of 3.3% ranks 26 of 51, so North Dakota is currently a faster-appreciating state relative to the rest of the country.
Inside the Midwest region, the median state price is $261,000, so North Dakota runs 3.1% richer than its regional peers — the closest comparisons are Minnesota at $341,000, Wisconsin at $312,000, South Dakota at $302,000, Illinois at $289,000. That gap matters for loan sizing: at the same rate, a North Dakota file carries roughly $8,000 more balance than the regional median, which changes qualifying income and the value of a rate-and-term option.
No individual North Dakota metro is broken out in this dataset, so the state figure is the most granular number we publish here. For submarket detail, work from county records and your MLS rather than treating the North Dakota median as a local comp.
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North Dakota is currently a balanced market. The median sale price sits near $269,000, up 3.3% from a year ago, with roughly 16,368 active listings and 3.8 months of supply. Homes are going under contract in about 29 days on average.
Affordability remains the binding constraint. At the current national average 30-year fixed rate near 6.42%, the typical payment on a median-priced home in North Dakota runs about $1,861 per month including taxes and insurance, against a median rent near $1,071. That gap is what determines whether purchase conversations in this market start with payment, with price, or with a buydown structure.
Supply is close to balance, with price reductions on about 13% of active listings. Builder incentives are selective, and permits are running near 13,742 annualized units.
For originators, the practical read is this: buyers have negotiating room again, so seller-paid temporary buydowns and closing cost credits are the highest-leverage tools in your kit.
North Dakota currently reads as a balanced market with 3.8 months of supply. Balanced is generally considered four to six months, so this market is close to balance.
The median sale price is approximately $269,000 as of 7/24/2026, up 3.3% from a year earlier.
No. Median prices are up about 3.3% year over year, though the pace of appreciation has slowed considerably from the 2021 peak.
The typical down payment on a closed transaction is near $27,858, and the resulting payment at the current national average 30-year fixed rate is roughly $1,861 per month including taxes and insurance. Low-down-payment FHA, VA, and conventional 3% options can materially reduce the cash required.
Our directional 12-month range is +1.7% to +5.1% on median price. Confidence is moderate; the rate path is the dominant variable.
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