Cathay, ND Foreclosures
How much do homes sell for in Cathay, ND?
The average home price is currently $214,893.
What’s the average rental cost in Cathay, ND?
The average rental price in Cathay is $1,051.
What is the most expensive home in Cathay?
The most expensive home sold in Cathay had a price of $585,154.
What is currently the cheapest priced home in Cathay, ND?
The cheapest home for sale in Cathay is priced at $26,552.
Living in Cathay, ND
Cathay, ND is a quaint, rural town in Wells County, characterized by its friendly community and beautiful agricultural landscapes. Offering a peaceful lifestyle, it provides essential amenities and recreational activities while being conveniently located near larger towns for additional services. The area is ideal for those looking to escape the hustle and bustle of city life.
Current Market Conditions in Cathay, ND
The real estate market in Cathay, ND remains stable, with a slight increase in demand for affordable housing as families and retirees seek the tranquility offered by rural life. Homes in the area are relatively affordable, making it an attractive option for first-time buyers and those looking to downsize from urban settings.
During the past year, there has been a steady interest in properties in and around Cathay, with many listings receiving multiple offers. The market has shown resilience, with average home prices seeing an increase, pointing to a possible trend of more individuals looking to settle in smaller towns.
Home Value Estimator For Cathay, ND
There are currently 36 real estate properties
in Cathay, ND,
with a median automated valuation model (AVM) price
of $174,327.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cathay, 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 Cathay, ND,
is $214,893.00, with the most expensive house
in Cathay, ND, topping out
at $585,154.00 and the cheapest home
in Cathay, ND,
clocking in at $26,552.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cathay, ND!
Rent Prices
In Cathay, ND
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cathay, ND, is on
a rollercoaster ride. The
average rent price in Cathay, ND,
is $1,051.00. Indeed, when looking to rent in
Cathay, ND, you can expect to pay as little
as $760.00 or as much
as $1,620.00,
with the average rent median estimated to
be $1,000.00. The good news is that finding
an affordable and desirable property to rent in Cathay, 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
