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Foreclosure Homes in Velva, ND 58790

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Velva, ND Foreclosures

How much do homes sell for in Velva, ND?
The average home price is currently $222,887.
In Velva, ND, how many homes are available?
There are currently 2 active home listings available in Velva.
What’s the average rental cost in Velva, ND?
The average rental price in Velva is $1,158.
What is the most expensive home in Velva?
The most expensive home sold in Velva had a price of $1,576,338.
What is currently the cheapest priced home in Velva, ND?
The cheapest home for sale in Velva is priced at $30,375.

Living in Velva, ND

Velva is a small town nestled in the heart of North Dakota, offering a blend of rural charm and community spirit. Known for its friendly atmosphere, residents enjoy a close-knit community with easy access to outdoor activities, including hiking and fishing. The town features local amenities that cater to everyday needs, making it an ideal place for families and retirees alike.

Current Market Conditions in Velva, ND

The Velva real estate market has remained stable with modest growth observed in recent months. Homes in the area are moderately priced and are attracting both first-time homebuyers and retirees looking for a slower pace of life. The appeal of rural living paired with the town's amenities keeps demand consistent.

Currently, homes for sale in Velva range from small starter homes to larger family residences, allowing for a diverse range of buyers in the market. The town has seen an uptick in interest from surrounding areas, contributing to the upward trend in home sales.

Home Value Estimator For Velva, ND

There are currently 324 real estate properties in Velva, ND, with a median automated valuation model (AVM) price of $193,623.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Velva, 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 Velva, ND, is $222,887.00, with the most expensive house in Velva, ND, topping out at $1,576,338.00 and the cheapest home in Velva, ND, clocking in at $30,375.00. In other words, there’s something for every potential homebuyer or savvy investor in Velva, ND!

Rent Prices In Velva, ND

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Velva, ND, is on a rollercoaster ride. The average rent price in Velva, ND, is $1,158.00. Indeed, when looking to rent in Velva, ND, you can expect to pay as little as $620.00 or as much as $2,000.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Velva, 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.

Velva, ND 58790 Foreclosures

Market Trend for Velva, ND

Total Listings Available: 2

Market Values:

Home Prices from $30,375 to $1,576,338

Average Sales Price: $222,887

Rental Values:

Rental from $620 to $2,000

Average Rent Value: $1,158 / month

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