Is Minot, ND 58701 a buyer’s or seller’s market?

The Minot housing market right now

In the three months ending August 31, 2026, 19% of homes in Minot, ND 58701 sold above their list price, the typical home went under contract in 30 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. That’s based on 112 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold about as fast and the median sale price rose 4% to $303,369. Overall, Minot is less competitive than a year ago, which gives buyers more room.

Within Ward County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Minot ranks #13 of 20 ND ZIP codes with enough sales (score 53 out of 100).

Nearby, buyers who want less competition could look at Sawyer 58781 (0% sold over asking) or Kenmare 58746 (0% sold over asking), while Burlington 58722 (50% sold over asking) and Des Lacs 58733 (50% sold over asking) are even more competitive.