Is Fargo, ND 58104 a buyer’s or seller’s market?
Fargo is a seller’s market. With about 2.4 months of supply and 32% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 76% of U.S. ZIP codes, and #1 of 20 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Fargo housing market right now
In the three months ending August 31, 2026, 32% of homes in Fargo, ND 58104 sold above their list price, the typical home went under contract in 23 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 250 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold faster (35 days then) and the median sale price fell 1% to $388,832. Overall, Fargo is more competitive than a year ago, so tougher for buyers.
Within Cass County, homes here sell more slowly than in 54% of the county’s ZIP codes, and sell more often over asking than in 54%. On our competition score, Fargo ranks #1 of 20 ND ZIP codes with enough sales (score 72 out of 100).
Nearby, buyers who want less competition could look at Kindred 58051 (0% sold over asking) or Fingal 58031 (0% sold over asking), while Argusville 58005 (100% sold over asking) and Ayr 58007 (100% sold over asking) are even more competitive.
Run the numbers for 58104
Nearby markets
Argusville 58005 $189 /sq ftArthur 58006 — /sq ftAyr 58007 $310 /sq ftBuffalo 58011 — /sq ft Browse all markets →Towns like Fargo nearby
Find towns like Fargo in other states →Where Fargo is
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Questions about Fargo real estate
Is Fargo a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Fargo, ND 58104 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Fargo?
The typical home went under contract in 23 days in the latest three months.
Do homes in Fargo sell over asking?
32% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.
What are property taxes in Fargo?
About 1.20% of a home’s value a year in Cass County, or roughly $4,800 on a $400,000 home.
What is the median home price in Fargo?
The median sale price was $388,832 in the three months ending August 31, 2026, about $177 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