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Is Hankinson, ND 58041 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Hankinson is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list98.8%Sold price ÷ list price
Median days on market—Listing to accepted offer
Median price per sq ft$203▲ +186.8% vs. last year

The Hankinson housing market right now

In the three months ending August 31, 2026, 0% of homes in Hankinson, ND 58041 sold above their list price and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (68 days then) and the median sale price rose 393% to $369,840. Overall, Hankinson is less competitive than a year ago, which gives buyers more room.

Within Richland County, homes here sell less often over asking than in any other ZIP code in the county.

Nearby, Christine 58015 (100% sold over asking) and Colfax 58018 (50% sold over asking) are even more competitive.

Run the numbers for 58041

Prefilled for 58041Can I win this house?Multiple-offer likelihood for a listing Prefilled for 58041Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Abercrombie 58001 $191 /sq ftChristine 58015Buyer’s market $176 /sq ftColfax 58018Balanced $267 /sq ftFairmount 58030Buyer’s market $176 /sq ft Browse all markets →

Towns like Hankinson nearby

Find towns like Hankinson in other states →
Rosholt, SD57260 · 15 miles away97% similarVery close on income, prices and more Milnor, ND58060 · 29 miles away88% similarVery close on income, prices and more Breckenridge, MN56520 · 22 miles away60% similarlarger · younger residents Wheaton, MN56296 · 26 miles away44% similarlower income ($32K less) · cheaper homes ($59K less)

Where Hankinson is

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Questions about Hankinson real estate

Is Hankinson a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in Hankinson, ND 58041 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

Do homes in Hankinson sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.

What are property taxes in Hankinson?

About 1.13% of a home’s value a year in Richland County, or roughly $4,520 on a $400,000 home.

What is the median home price in Hankinson?

The median sale price was $369,840 in the three months ending August 31, 2026, about $203 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology