Is Moorhead, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Moorhead has remained a Seller's Market.
Key Takeaway
Moorhead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moorhead, MN
How much do homes in Moorhead, MN cost?
Median Sold Price
$260,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Moorhead have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Moorhead was $260,000 in April 2024, up 6.1% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.8K | $128.5K | -28.5% |
| 2 Bedrooms | $179K | $200K | +11.7% |
| 3 Bedrooms | $231.4K | $240K | +3.7% |
| 4 Bedrooms | $289K | $295K | +2.1% |
| 5+ Bedrooms | $363.9K | $336.3K | -7.6% |
Summary: Moorhead housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.5%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Moorhead | $244.9K | $260K | +6.1% |
| Moorhead Township | $245K | $260K | +6.1% |
| Fargo | $275.1K | $279.9K | +1.7% |
| Oakport Township | $389.9K | $390.5K | 0.2% |
| Dilworth | $234.9K | $224K | -4.6% |
Housing Supply in Moorhead, MN
How many homes are available in Moorhead, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 245 | 299 | +22.0% |
Summary: The Moorhead real estate market had 299 homes for sale in April 2024, a 22.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 42 | 54 | +28.6% |
| 3 Bedrooms | 81 | 99 | +22.2% |
| 4 Bedrooms | 82 | 106 | +29.3% |
| 5+ Bedrooms | 35 | 38 | +8.6% |
Summary: The Moorhead housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 60 | +36.4% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moorhead, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Moorhead in April 2024, up by 36.4% month-over-month. Of the 60 sold homes, 57% were sold under asking, 17% were sold at asking, and 27% were sold over asking.
Days on Market for Moorhead, MN
How long does it take to sell a home in Moorhead, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 2 Days | -96.6% |
Summary: Homes in Moorhead had an average of 2 days on market in Apr 2024, down by 96.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moorhead are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 60 homes were sold in Moorhead; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
