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Is Bowman, ND 58623 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Bowman is a seller’s market. With about 2.7 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.7Under 4 months = seller’s market
Sold above original list14.3%Share of sales, last 3 months
Median sale-to-list94.4%Sold price ÷ list price
Median days on market38Listing to accepted offer
Median price per sq ft$89▼ −9.9% vs. last year

The Bowman housing market right now

In the three months ending August 31, 2026, 14% of homes in Bowman, ND 58623 sold above their list price, the typical home went under contract in 38 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold faster (102 days then) and the median sale price rose 79% to $328,858. Overall, Bowman is more competitive than a year ago, so tougher for buyers.

Run the numbers for 58623

Prefilled for 58623Can I win this house?Multiple-offer likelihood for a listing Prefilled for 58623Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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Towns like Bowman nearby

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Hettinger, ND58639 · 31 miles away77% similarcheaper homes ($64K less) · more renters New England, ND58647 · 36 miles away72% similarpricier homes ($47K more) · smaller

Where Bowman is

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Questions about Bowman real estate

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

A seller’s market: there were 2.7 months of supply in Bowman, ND 58623 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 Bowman?

The typical home went under contract in 38 days in the latest three months.

Do homes in Bowman sell over asking?

14% of homes sold above their original list price, and the typical sale closed at 94.4% of the list price.

What are property taxes in Bowman?

About 0.73% of a home’s value a year in Bowman County, or roughly $2,920 on a $400,000 home.

What is the median home price in Bowman?

The median sale price was $328,858 in the three months ending August 31, 2026, about $89 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