Velva, ND Foreclosures
Current Market Conditions in in Velva, ND As of February 2026?
Over the past month, Velva has seen a modest rise in home sales, with several listings going under contract quickly. Buyers appear eager to invest in the area, drawn by the town's affordable living and solid community reputation. However, the available inventory remains limited, which may result in a continued upward trend in home prices as demand outpaces supply.
How much do homes sell for in Velva, ND?
The average home price is currently $232,178.
What’s the average rental cost in Velva, ND?
The average rental price in Velva is $1,158.
What is the most expensive home in Velva?
The most expensive home sold in Velva had a price of $1,577,185.
What is currently the cheapest priced home in Velva, ND?
The cheapest home for sale in Velva is priced at $30,375.
Living in Velva, ND
Velva, ND, is a welcoming small town with a rich history and vibrant community spirit. The area is perfect for those seeking a peaceful lifestyle, with a focus on outdoor activities and community connection. Residents enjoy a tight-knit atmosphere, complemented by essential amenities and access to nearby urban conveniences.
Buyer vs Seller Market in Velva, ND
The real estate market in Velva is characterized by steady demand, as the town attracts families and individuals looking for affordable housing options. Properties in Velva tend to be reasonably priced compared to larger urban areas, making it an attractive option for buyers seeking family homes or investment properties.
Currently, Velva is experiencing a slight increase in home values, driven by population stability and a limited inventory of available homes. The market is competitive, with properties often receiving multiple offers, especially those that are well-maintained and located near schools or parks.
Home Value Estimator For Velva, ND
There are currently 349 real estate properties
in Velva, ND,
with a median automated valuation model (AVM) price
of $210,521.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Velva, ND, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Velva, ND,
is $232,178.00, with the most expensive house
in Velva, ND, topping out
at $1,577,185.00 and the cheapest home
in Velva, ND,
clocking in at $30,375.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Velva, ND!
Rent Prices
In Velva, ND
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Velva, ND, is on
a rollercoaster ride. The
average rent price in Velva, ND,
is $1,158.00. Indeed, when looking to rent in
Velva, ND, you can expect to pay as little
as $620.00 or as much
as $2,000.00,
with the average rent median estimated to
be $1,140.00. The good news is that finding
an affordable and desirable property to rent in Velva, ND
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
