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Is Washburn, ND 58577 a buyer’s or seller’s market?

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

Washburn 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.

Months of supply4.8Under 4 months = seller’s market
Sold above original list16.7%Share of sales, last 3 months
Median sale-to-list98.8%Sold price ÷ list price
Median days on market15Listing to accepted offer
Median price per sq ft$145▲ +18.0% vs. last year

The Washburn housing market right now

In the three months ending August 31, 2026, 17% of homes in Washburn, ND 58577 sold above their list price, the typical home went under contract in 15 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 6 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 0%, homes sold about as fast and the median sale price rose 20% to $274,831. Overall, Washburn is more competitive than a year ago, so tougher for buyers.

Within McLean County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at Benedict 58716 (0% sold over asking) or Underwood 58576 (0% sold over asking).

Run the numbers for 58577

Prefilled for 58577Can I win this house?Multiple-offer likelihood for a listing Prefilled for 58577Over-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 ftGarrison 58540Balanced $207 /sq ftMax 58759 — /sq ft Browse all markets →

Towns like Washburn nearby

Find towns like Washburn in other states →
Beulah, ND58523 · 37 miles away86% similarcheaper homes ($45K less) · larger Hazen, ND58545 · 28 miles away71% similarcheaper homes ($57K less) · larger Center, ND58530 · 13 miles away65% similarcheaper homes ($59K less) · smaller Underwood, ND58576 · 13 miles away60% similarhigher income ($28K more) · cheaper homes ($63K less)

Where Washburn is

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Questions about Washburn real estate

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

A balanced market: there were 4.8 months of supply in Washburn, ND 58577 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 Washburn?

The typical home went under contract in 15 days in the latest three months.

Do homes in Washburn sell over asking?

17% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.

What are property taxes in Washburn?

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 Washburn?

The median sale price was $274,831 in the three months ending August 31, 2026, about $145 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