Balfour, ND Foreclosures
How much do homes sell for in Balfour, ND?
The average home price is currently $155,926.
In Balfour, ND, how many homes are available?
There are currently 2 active home listings available in Balfour.
What’s the average rental cost in Balfour, ND?
The average rental price in Balfour is $926.
What is the most expensive home in Balfour?
The most expensive home sold in Balfour had a price of $406,340.
What is currently the cheapest priced home in Balfour, ND?
The cheapest home for sale in Balfour is priced at $15,587.
Living in Balfour, ND
Balfour, ND, is a charming small town known for its serene rural atmosphere and welcoming community. With abundant outdoor activities and a simple lifestyle, it is perfect for those who value tranquility and nature. While small, Balfour offers a close-knit environment and is conveniently located near larger towns for additional amenities.
Current Market Conditions in Balfour, ND
Balfour's real estate market has remained stable, with a mix of affordable homes available for buyers looking for rural living. The low population density contributes to a quieter market, where homes can stay on the market longer compared to urban areas. Recent trends indicate a gradual increase in demand for homes in small towns like Balfour as more people seek to escape the hustle and bustle of city life.
The average home price in Balfour is lower than state averages, making it appealing for first-time homeowners and those looking for investment opportunities. With limited inventory, buyers are finding it increasingly competitive, especially for well-kept properties.
Home Value Estimator For Balfour, ND
There are currently 36 real estate properties
in Balfour, ND,
with a median automated valuation model (AVM) price
of $140,142.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Balfour, 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 Balfour, ND,
is $155,926.00, with the most expensive house
in Balfour, ND, topping out
at $406,340.00 and the cheapest home
in Balfour, ND,
clocking in at $15,587.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Balfour, ND!
Rent Prices
In Balfour, ND
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Balfour, ND, is on
a rollercoaster ride. The
average rent price in Balfour, ND,
is $926.00. Indeed, when looking to rent in
Balfour, ND, you can expect to pay as little
as $510.00 or as much
as $1,430.00,
with the average rent median estimated to
be $950.00. The good news is that finding
an affordable and desirable property to rent in Balfour, 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.
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