Living in Gilby, ND
Gilby, ND is a quaint community known for its welcoming atmosphere and beautiful natural surroundings. The town offers a serene lifestyle with ample opportunities for outdoor activities. Residents benefit from a close-knit community with essential amenities and friendly local gatherings.
Current Market Conditions in Gilby, ND
The real estate market in Gilby, ND remains stable, with modest growth observed in property values. Inventory levels have been consistent, typically at a level that meets local demand. The affordability of homes in the area continues to attract potential buyers, particularly those looking for a peaceful setting away from more urban locales.
As the town maintains its rural charm, there is a steady interest from families and retirees, creating a steady demand for residential properties. Homes in Gilby cater to those seeking space and tranquility, and this has sustained the overall market health.
Home Value Estimator For Gilby, ND
There are currently 114 real estate properties
in Gilby, ND,
with a median automated valuation model (AVM) price
of $159,320.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Gilby, 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 Gilby, ND,
is $180,418.00, with the most expensive house
in Gilby, ND, topping out
at $906,237.00 and the cheapest home
in Gilby, ND,
clocking in at $35,657.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Gilby, ND!
Rent Prices
In Gilby, ND
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Gilby, ND, is on
a rollercoaster ride. The
average rent price in Gilby, ND,
is $915.00. Indeed, when looking to rent in
Gilby, ND, you can expect to pay as little
as $460.00 or as much
as $1,310.00,
with the average rent median estimated to
be $940.00. The good news is that finding
an affordable and desirable property to rent in Gilby, 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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