Market Intelligence Report — ND-MN-420

Wahpeton, ND-MN

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

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

Median Listing

$320K
-19.6% YoY

Pending Ratio

0.15
-10.4% YoY

Active Inventory

96
+20.0% YoY

Median DOM

58 Days
-4.2% YoY

Primary Intelligence Tool — Sold Score™

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Wahpeton, ND-MN currently exhibits a Very Weak market condition, characterized by a low pending ratio of 0.15, signaling a substantial imbalance between demand and available inventory. This indicates that buyer activity is significantly constrained relative to the supply of homes. The median listing price has also declined by 19.6% over the past year.

Local Market Signals

Source: FRED (St. Louis Fed)

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

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Wahpeton market right now.

The market is experiencing a significant increase in available inventory, with active listings up 20.0% year-over-year and new listings increasing by 40.0% over the same period. Concurrently, the pending ratio has fallen by 10.4% year-over-year, dropping to 0.15 in the most recent month, which underscores the sluggish pace of demand absorption. Median listing prices have notably decreased by 19.6% year-over-year, reflecting broader market adjustments, despite a modest 4.5% year-over-year increase in median price per square foot.

Historical Analysis

Market Trends

Median Price

$320K-3.0% MoM

Active Inventory

96+20.0% YoY

Days on Market

58-4.2% YoY

Sold Score™

20-10.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

20
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

In this environment, buyers face limited immediate pressure to act, benefiting from an extended search period and diminished competition due to the low pending ratio. Sellers confront substantial challenges in achieving their desired price and pace of sale, necessitating greater price discipline to attract offers. The elevated price-reduced share of 25.4% indicates sellers are actively adjusting expectations, leading to more prolonged negotiations.

Luxury Segment

The luxury segment does not present a distinct signal in this dataset. While the average listing price has declined 10.9% year-over-year, this is less pronounced than the median listing price decline, and there is no clear divergence in median square footage trends to indicate specific softness at the top tier.

Supply Dynamics

96 active listings represent the current floor, with new supply arriving at roughly 28 per month.

Pricing Pressure
25.4%

of active listings carry a price reduction, +12.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +4.5% year-over-year.

Absorption
0.15

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Wahpeton, ND-MN? Inventory is up 20% from last year.

Buyers have leverage in Wahpeton, ND-MN. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
15%
Median Days on Market
58 days
Inventory YoY
+20%

In a buyer's market, strategy beats timing. See how your home scores in Wahpeton, ND-MN and what moves the number.

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Metro Demographics

Metro Area
Wahpeton, ND-MN
CBSA Code
47420
State
ND-MN
Analysis FAQ
  • What is the current market condition in Wahpeton?+

    As of the latest 2026 data, the Wahpeton metro is classified as Very Weak. Pending ratio is 0.15 with median days on market at 58.

  • Are home prices dropping in Wahpeton?+

    Median listing price is $320K, -19.6% year over year. 25.4% of active listings carry a price reduction.

  • How fast are homes selling in Wahpeton?+

    The typical listing sits 58 days on market, a -4.2% change YoY. New listings are arriving at 28 per month.

  • What's happening in the Wahpeton luxury market?+

    The luxury segment does not present a distinct signal in this dataset. While the average listing price has declined 10.9% year-over-year, this is less pronounced than the median listing price decline, and there is no clear divergence in median square footage trends to indicate specific softness at the top tier.

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

    Primpted maintains a vetted registry of Wahpeton 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 47420 · 36mo history