Fargo - ND housing market
The Fargo metro has a typical home value of $329,181, up 3.3% from a year ago. Homes sell in 21 days on average, a balanced market. 20% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($329,181) is the Zillow Home Value Index for the Fargo - ND metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 3.3% over the past year. In Fargo - ND, that means a home worth $318,665 last year is now worth roughly $329,181.
The median sale price , what homes actually close for , is $308,192. Homes are selling at 99.3% of list price, meaning buyers have room to negotiate.
Homes listed in Fargo - ND sit on the market for roughly 21 days before going pending. Shorter = seller's market; longer = buyer's market.
About 20.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 370 new listings hit the market each month in Fargo - ND. There are currently 933 homes for sale, up 5.4% from a year ago.
The typical monthly rent in Fargo - ND is $1,131, up 3.6% year over year. For investors, the price-to-rent ratio here is roughly 24x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.