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Is Garrison, ND 58540 a buyer’s or seller’s market?

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

Garrison is a balanced market. With about 5.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market26Listing to accepted offer
Median price per sq ft$207▲ +45.9% vs. last year

The Garrison housing market right now

In the three months ending August 31, 2026, 0% of homes in Garrison, ND 58540 sold above their list price, the typical home went under contract in 26 days and there were 5.8 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. That’s based on 10 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (52 days then) and the median sale price rose 66% to $464,549. Overall, Garrison is more competitive than a year ago, so tougher for buyers.

Within McLean County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Washburn 58577 (17% sold over asking) is even more competitive.

Run the numbers for 58540

Prefilled for 58540Can I win this house?Multiple-offer likelihood for a listing Prefilled for 58540Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Benedict 58716 $116 /sq ftColeharbor 58531Balanced $231 /sq ftMax 58759 — /sq ftMercer 58559Seller’s market $273 /sq ft Browse all markets →

Towns like Garrison nearby

Find towns like Garrison in other states →
Hazen, ND58545 · 24 miles away76% similarcheaper homes ($25K less) · younger residents Washburn, ND58577 · 37 miles away56% similarpricier homes ($32K more) · younger residents Beulah, ND58523 · 29 miles away55% similaryounger residents · 9 min shorter commute Parshall, ND58770 · 32 miles away47% similarcheaper homes ($58K less) · smaller

Where Garrison is

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Questions about Garrison real estate

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

A balanced market: there were 5.8 months of supply in Garrison, ND 58540 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 Garrison?

The typical home went under contract in 26 days in the latest three months.

Do homes in Garrison sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Garrison?

About 0.76% of a home’s value a year in McLean County, or roughly $3,040 on a $400,000 home.

What is the median home price in Garrison?

The median sale price was $464,549 in the three months ending August 31, 2026, about $207 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