North Dakota started 2024 with a total of 1,188 single-family homes on the market, with a median home price of $329,900 and an average price per square foot of $161.43. By the end of the year, inventory had increased to 1,274 homes on the market (+7%), with a median home price of $358,900 (+9%), and an average price per square foot of $185 (+15%).
At the start of 2024, the median days on market (DOM) was 84 days – by the end of the year, median DOM had increased to 98 days.
North Dakota started the year with 31.73% 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 31.16% of homes for sale had taken a price cut.
