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.
Key Takeaway
Barnes County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Barnes County have sold for 15.2% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Barnes County, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Barnes County are selling fast, if you're buying plan to act quickly.
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.
