Markets › North Dakota
North Dakota housing market
In the Peace Garden State, part of the Census Bureau's West North Central division, Pecan Street tracks four markets. Median sale prices run from $298K in Minot to $344K in Bismarck over Jul–Sep 2026. Three of four are higher than a year earlier and one is lower; Grand Forks leads at +6.7% and Bismarck trails at -3.2%.
Homes sit longest in Grand Forks (66 median days on market) and sell fastest in Bismarck (49 days). The share of active listings with a price cut runs from 27% in Grand Forks to 35% in Fargo. Price-to-rent ratios run from about 18 in Fargo to 19 in Bismarck, measured as years of HUD Fair Market Rent per median sale price. Among the 383 U.S. metros Pecan Street tracks, the Bismarck metro has the 22nd-slowest year-over-year price growth. North Dakota's unemployment rate was 2.2% in Sep 2026 (BLS via FRED), below the national rate of 4.2%.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Bismarck | $344K | -3.2% | 49 | 28% | ≈ 19 |
| Fargo | $325K | +1.9% | 62 | 35% | ≈ 18 |
| Grand Forks | $316K | +6.7% | 66 | 27% | ≈ 19 |
| Minot | $298K | +3.6% | 51 | 32% | — |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.
Recent signals
No market signals flagged across this state right now.