Petersburg, ND Foreclosures
How much do homes sell for in Petersburg, ND?
The average home price is currently $148,745.
What’s the average rental cost in Petersburg, ND?
The average rental price in Petersburg is $820.
What is the most expensive home in Petersburg?
The most expensive home sold in Petersburg had a price of $404,070.
What is currently the cheapest priced home in Petersburg, ND?
The cheapest home for sale in Petersburg is priced at $64,005.
Living in Petersburg, ND
Petersburg, ND is a quaint small town offering a serene lifestyle amid the North Dakota prairies. Known for its agricultural community, it provides a peaceful environment with friendly neighbors. Residents can enjoy a variety of outdoor activities and the charm of small-town living.
Current Market Conditions in Petersburg, ND
The real estate market in Petersburg, ND has seen a steady increase in demand as more individuals and families seek the tranquility associated with rural life. Properties in the area are typically reasonably priced, reflecting the local economy's emphasis on agriculture. The market tends to attract both first-time home buyers and those looking to settle down in a quieter environment.
In recent trends, there has been a noticeable growth in interest in Petersburg, as remote work becomes more prevalent. This has led to an influx of new residents from urban areas, driving property values higher and creating a competitive market.
Home Value Estimator For Petersburg, ND
There are currently 38 real estate properties
in Petersburg, ND,
with a median automated valuation model (AVM) price
of $125,323.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Petersburg, 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 Petersburg, ND,
is $148,745.00, with the most expensive house
in Petersburg, ND, topping out
at $404,070.00 and the cheapest home
in Petersburg, ND,
clocking in at $64,005.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Petersburg, ND!
Rent Prices
In Petersburg, ND
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Petersburg, ND, is on
a rollercoaster ride. The
average rent price in Petersburg, ND,
is $820.00. Indeed, when looking to rent in
Petersburg, ND, you can expect to pay as little
as $720.00 or as much
as $1,200.00,
with the average rent median estimated to
be $780.00. The good news is that finding
an affordable and desirable property to rent in Petersburg, 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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