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Preforeclosure 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 $225,134.
In Velva, ND, how many homes are available?
There are currently 1 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 $1,577,502.
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, North Dakota, is a charming small town known for its community spirit and beautiful landscapes. With numerous outdoor activities, local amenities, and strong educational institutions, it offers a peaceful lifestyle. Residents appreciate the friendly atmosphere and the various community events held throughout the year.

Current Market Conditions in Velva, ND

The real estate market in Velva has been stable with consistent growth over the past few years. Homes in the area are generally affordable, making it an attractive option for first-time buyers and those looking to relocate to a quieter community. Inventory levels have remained steady, which keeps prices relatively stable while still allowing room for growth in property values.

Recent trends indicate an increase in interest from buyers seeking properties in smaller towns away from larger urban centers. As remote work options rise, more individuals and families are looking to Velva for a tranquil lifestyle combined with the benefits of rural living.

Home Value Estimator For Velva, ND

There are currently 349 real estate properties in Velva, ND, with a median automated valuation model (AVM) price of $197,628.00. 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 $225,134.00, with the most expensive house in Velva, ND, topping out at $1,577,502.00 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 Preforeclosure Homes


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