Grand Forks, ND Foreclosures
How much do homes sell for in Grand Forks, ND?
The average home price is currently $338,491.
What’s the average rental cost in Grand Forks, ND?
The average rental price in Grand Forks is $1,346.
What is the most expensive home in Grand Forks?
The most expensive home sold in Grand Forks had a price of $16,999,164.
What is currently the cheapest priced home in Grand Forks, ND?
The cheapest home for sale in Grand Forks is priced at $16,644.
Living in Grand Forks, ND
Grand Forks, ND, is a thriving city with a rich cultural scene and affordable living. The community is family-friendly, offering numerous parks, schools, and amenities. With a strong local economy and access to the University of North Dakota, it stands out as an excellent place to live and work.
Current Market Conditions in Grand Forks, ND
The real estate market in Grand Forks is currently favoring buyers, with a steady influx of new listings and a slight increase in inventory compared to previous months. Home prices remain relatively stable, but there is demand for properties due to the city's growing population and job market. Overall, it's a great time for buyers looking to invest in the area as interest rates have recently stabilized.
In the past year, Grand Forks has seen a modest increase in home prices, primarily driven by the university's expansion and the area's economic development. As job opportunities continue to grow, especially in sectors such as healthcare and education, more people are looking to settle here, making the real estate market appealing for both sellers and investors.
Home Value Estimator For Grand Forks, ND
There are currently 14,406 real estate properties
in Grand Forks, ND,
with a median automated valuation model (AVM) price
of $281,530.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Grand Forks, 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 Grand Forks, ND,
is $338,491.00, with the most expensive house
in Grand Forks, ND, topping out
at $16,999,164.00 and the cheapest home
in Grand Forks, ND,
clocking in at $16,644.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Grand Forks, ND!
Rent Prices
In Grand Forks, ND
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Grand Forks, ND, is on
a rollercoaster ride. The
average rent price in Grand Forks, ND,
is $1,346.00. Indeed, when looking to rent in
Grand Forks, ND, you can expect to pay as little
as $600.00 or as much
as $3,000.00,
with the average rent median estimated to
be $1,280.00. The good news is that finding
an affordable and desirable property to rent in Grand Forks, 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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