Foreclosure Homes in Bismarck, ND 58501

Current Market Conditions in Bismarck, ND

The Bismarck real estate market has been steadily improving, with a noticeable increase in home prices due to demand. Currently, the median home price in Bismarck is trending upwards as buyers are drawn to the area for its quality of life and educational facilities. Inventory levels have been low, contributing to the competitive market where homes often receive multiple offers.

New construction is on the rise, with several developments underway to accommodate the growing population. This trend of new builds reflects the area's expanding economy and job opportunities, particularly in energy and healthcare sectors. As a result, first-time homebuyers and investors are taking advantage of this favorable market.

Rent Prices In Bismarck, ND

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bismarck, ND, is on a rollercoaster ride. The average rent price in Bismarck, ND, is $1,491.00. Indeed, when looking to rent in Bismarck, ND, you can expect to pay as little as $700.00 or as much as $2,960.00, with the average rent median estimated to be $1,450.00. The good news is that finding an affordable and desirable property to rent in Bismarck, 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.