Is New Salem, ND 58563 a buyer’s or seller’s market?
New Salem is a buyer’s market. With about 7.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The New Salem housing market right now
In the three months ending August 31, 2026, 67% of homes in New Salem, ND 58563 sold above their list price, the typical home went under contract in 7 days and there were 7.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room 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 rose from 33%, homes sold faster (24 days then) and the median sale price rose 2% to $242,895. Overall, New Salem is more competitive than a year ago, so tougher for buyers.
Within Morton County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Hebron 58638 (0% sold over asking) or Glen Ullin 58631 (0% sold over asking).
Run the numbers for 58563
Nearby markets
Almont 58520 — /sq ftFlasher 58535 $27 /sq ftGlen Ullin 58631Seller’s market $128 /sq ftHebron 58638Seller’s market $83 /sq ft Browse all markets →Towns like New Salem nearby
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Questions about New Salem real estate
Is New Salem a buyer’s or seller’s market?
A buyer’s market: there were 7.5 months of supply in New Salem, ND 58563 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 New Salem?
The typical home went under contract in 7 days in the latest three months.
Do homes in New Salem sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 100.2% of the list price.
What are property taxes in New Salem?
About 1.02% of a home’s value a year in Morton County, or roughly $4,080 on a $400,000 home.
What is the median home price in New Salem?
The median sale price was $242,895 in the three months ending August 31, 2026, about $124 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