Bismarck, ND housing market

Bismarck sellers still hold the upper hand this month, and the clearest sign is how little there is to buy. Only about 205 homes are for sale across the entire city, and that thin supply is doing real work on prices. The typical home here is now worth about three hundred sixty-two thousand dollars, up roughly 4.6 percent from a year ago, a steady climb rather than a spike. Homes that do list are moving in about 38 days, and only around 12 percent of active listings have taken a price cut, which tells you most sellers are pricing close to what buyers will actually pay. One wrinkle worth noting: the median asking price sits near four hundred fifty-four thousand dollars, well above the typical value, so a lot of what is on the market leans toward the higher end. For a mid priced homeowner, that means listing into a market with little competition and buyers who have few alternatives. Price honestly and you can reasonably expect a sale in five to six weeks.