Is Grand Forks, ND 58203 a buyer’s or seller’s market?
Grand Forks is a seller’s market. With about 2.5 months of supply and 14% 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 62% of U.S. ZIP codes, and #7 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 Grand Forks housing market right now
In the three months ending August 31, 2026, 14% of homes in Grand Forks, ND 58203 sold above their list price, the typical home went under contract in 17 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 37 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (16% then), homes sold faster (28 days then) and the median sale price rose 3% to $262,386. Overall, Grand Forks is about as competitive as it was a year ago.
Within Grand Forks County, homes here sell faster, and more often over asking, than in any other ZIP code in the county. On our competition score, Grand Forks ranks #7 of 20 ND ZIP codes with enough sales (score 60 out of 100).
Nearby, buyers who want less competition could look at Thompson 58278 (0% sold over asking) or Reynolds 58275 (0% sold over asking).
Run the numbers for 58203
Nearby markets
Arvilla 58214Seller’s market $221 /sq ftEmerado 58228Balanced $146 /sq ftGilby 58235 — /sq ftGrand Forks 58201Seller’s market $263 /sq ft Browse all markets →Towns like Grand Forks nearby
Find towns like Grand Forks in other states →Where Grand Forks is
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Questions about Grand Forks real estate
Is Grand Forks a buyer’s or seller’s market?
A seller’s market: there were 2.5 months of supply in Grand Forks, ND 58203 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 Grand Forks?
The typical home went under contract in 17 days in the latest three months.
Do homes in Grand Forks sell over asking?
14% 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 Grand Forks?
About 1.15% of a home’s value a year in Grand Forks County, or roughly $4,600 on a $400,000 home.
What is the median home price in Grand Forks?
The median sale price was $262,386 in the three months ending August 31, 2026, about $261 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