Market Intelligence Report — ND-MN-220

Grand Forks, ND-MN

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-ND-MN-08
As of the latest 2026 data
Stabilizing

Median Listing

$379K
+14.9% YoY

Pending Ratio

0.54
-7.9% YoY

Active Inventory

246
+8.8% YoY

Median DOM

52 Days
-3.7% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's stabilizing Grand Forks market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Grand Forks, ND-MN.

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The Grand Forks metro market is currently Stabilizing, characterized by a pending ratio of 0.54. Active listings have expanded by 8.8% year-over-year, indicating a gradual adjustment in supply dynamics. The median listing price has increased by 14.9% over the past year, reaching $379,000.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

2.8%-0.1 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

105,046+0.7% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Grand Forks market right now.

Inventory levels in the Grand Forks market have shown modest expansion, with active listings up 8.8% year-over-year. Concurrently, new listings have contracted by 7.1% year-over-year, suggesting some moderation in incoming supply. The pending ratio has observed a year-over-year decline of 7.9%, settling at 0.54, which reflects a more tempered absorption rate. Median listing prices have continued an upward trajectory, increasing by 14.9% over the past year, while median days on market have slightly decreased by 3.7% year-over-year.

Historical Analysis

Market Trends

Median Price

$379K-5.2% MoM

Active Inventory

246+8.8% YoY

Days on Market

52-3.7% YoY

Sold Score™

68-7.9% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

68
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.54, the market exhibits a more balanced pace of transactions, implying less immediate urgency for demand to absorb available inventory. The increase in active listings combined with a slight reduction in median days on market suggests that while inventory is growing, properties are still moving, albeit without the intense competition seen in faster-paced environments. This allows for more considered price discipline and negotiation, rather than rapid overbidding.

Luxury Segment

The average listing price has increased by 7.5% over the past year, slower than the median listing price growth of 14.9%, suggesting some relative softness at higher price points. However, the median $/sqft has increased by 11.8% year-over-year. No distinct luxury-segment signal in this dataset.

Supply Dynamics

246 active listings represent the current floor, with new supply arriving at roughly 104 per month.

Pricing Pressure
15.6%

of active listings carry a price reduction, +3.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +11.8% year-over-year.

Absorption
0.54

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Grand Forks, ND-MN? Buyer Demand Index is running at 54%.

Grand Forks, ND-MN is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
54%
Median Days on Market
52 days
Inventory YoY
+9%

Grand Forks, ND-MN is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Grand Forks, ND-MN
CBSA Code
24220
State
ND-MN

ZIPs in Grand Forks, ND-MN

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Grand Forks?+

    As of the latest 2026 data, the Grand Forks metro is classified as Stabilizing. Pending ratio is 0.54 with median days on market at 52.

  • Are home prices dropping in Grand Forks?+

    Median listing price is $379K, +14.9% year over year. 15.6% of active listings carry a price reduction.

  • How fast are homes selling in Grand Forks?+

    The typical listing sits 52 days on market, a -3.7% change YoY. New listings are arriving at 104 per month.

  • What's happening in the Grand Forks luxury market?+

    The average listing price has increased by 7.5% over the past year, slower than the median listing price growth of 14.9%, suggesting some relative softness at higher price points. However, the median $/sqft has increased by 11.8% year-over-year. No distinct luxury-segment signal in this dataset.

  • Where can I find a trusted Grand Forks real estate expert?+

    Primpted maintains a vetted registry of Grand Forks agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 24220 · 36mo history