Is Emerado, ND 58228 a buyer’s or seller’s market?
Emerado is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Emerado housing market right now
In the three months ending August 31, 2026, 0% of homes in Emerado, ND 58228 sold above their list price, the typical home went under contract in 19 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is 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 about as fast and the median sale price fell 27% to $219,855. Overall, Emerado is about as competitive as it was a year ago.
Within Grand Forks County, homes here sell faster than in 78% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Grand Forks 58203 (14% sold over asking) and Grand Forks 58201 (6% sold over asking) are even more competitive.
Run the numbers for 58228
Nearby markets
Arvilla 58214Seller’s market $221 /sq ftGilby 58235 — /sq ftGrand Forks 58201Seller’s market $263 /sq ftGrand Forks 58203Seller’s market $261 /sq ft Browse all markets →Where Emerado is
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Questions about Emerado real estate
Is Emerado a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Emerado, ND 58228 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 Emerado?
The typical home went under contract in 19 days in the latest three months.
Do homes in Emerado sell over asking?
0% of homes sold above their original list price.
What are property taxes in Emerado?
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 Emerado?
The median sale price was $219,855 in the three months ending August 31, 2026, about $146 per square foot.
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More tools for 58228
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology