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Is Larimore, ND 58251 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Larimore is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.3Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market98Listing to accepted offer
Median price per sq ft$192▲ +63.9% vs. last year

The Larimore housing market right now

In the three months ending August 31, 2026, 0% of homes in Larimore, ND 58251 sold above their list price, the typical home went under contract in 98 days and there were 4.3 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 3 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 (30 days then) and the median sale price rose 32% to $259,788. Overall, Larimore is less competitive than a year ago, which gives buyers more room.

Within Grand Forks County, homes here sell more slowly 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 58251

Prefilled for 58251Can I win this house?Multiple-offer likelihood for a listing Prefilled for 58251Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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 Larimore nearby

Find towns like Larimore in other states →
Thompson, ND58278 · 26 miles away79% similarpricier homes ($81K more) Northwood, ND58267 · 11 miles away70% similaryounger residents · 8 min shorter commute Park River, ND58270 · 34 miles away64% similarlower income ($31K less) · cheaper homes ($68K less) Minto, ND58261 · 28 miles away61% similarcheaper homes ($113K less) · younger residents

Where Larimore is

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Questions about Larimore real estate

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

A balanced market: there were 4.3 months of supply in Larimore, ND 58251 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 Larimore?

The typical home went under contract in 98 days in the latest three months.

Do homes in Larimore sell over asking?

0% of homes sold above their original list price.

What are property taxes in Larimore?

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 Larimore?

The median sale price was $259,788 in the three months ending August 31, 2026, about $192 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