Is Barnes County, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Barnes County was a Buyer's Market.
Housing Prices in Barnes County, ND
How much do homes in Barnes County, ND cost?
Median Sold Price
$175,200
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Barnes County was $175,200 in May 2024, down 15.2% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $25K | $50K | +100.0% |
2 Bedrooms | $148.7K | $110.5K | -25.7% |
3 Bedrooms | $190K | $200K | +5.3% |
4 Bedrooms | $259.2K | $256.2K | -1.1% |
5+ Bedrooms | $366.4K | $128.7K | -64.9% |
Summary: Barnes County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 64.9%.
Median Sold Price Compared To Nearby Counties
Ransom County | $143K | $176K | +23.1% |
Barnes County | $206.5K | $175.2K | -15.2% |
Housing Supply in Barnes County, ND
How many homes are available in Barnes County, ND?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 33 | -5.7% |
Summary: The Barnes County real estate market had 33 homes for sale in May 2024, a 5.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 5 | -44.4% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Barnes County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 44.4%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Barnes County in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Barnes County, ND
How long does it take to sell a home in Barnes County, ND?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
208 Days | 2 Days | -98.7% |
Summary: Homes in Barnes County had an average of 2 days on market in May 2024, down by 98.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Barnes County; 33% 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.