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Is New Town, ND 58763 a buyer’s or seller’s market?

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

New Town is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market75Listing to accepted offer
Median price per sq ft$676▲ +139.1% vs. last year

The New Town housing market right now

In the three months ending August 31, 2026, 0% of homes in New Town, ND 58763 sold above their list price, the typical home went under contract in 75 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (61 days then) and the median sale price rose 124% to $689,702. Overall, New Town is less competitive than a year ago, which gives buyers more room.

Run the numbers for 58763

Prefilled for 58763Can I win this house?Multiple-offer likelihood for a listing Prefilled for 58763Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Parshall 58770Balanced $249 /sq ftPlaza 58771 — /sq ftRoss 58776 — /sq ftStanley 58784Buyer’s market $118 /sq ft Browse all markets →

Towns like New Town nearby

Find towns like New Town in other states →
Parshall, ND58770 · 15 miles away47% similarcheaper homes ($56K less) · smaller Watford City, ND58854 · 38 miles away31% similarhigher income ($41K more) · pricier homes ($162K more) Tioga, ND58852 · 35 miles away29% similarsmaller Stanley, ND58784 · 26 miles away16% similarhigher income ($59K more) · pricier homes ($32K more)

Where New Town is

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Questions about New Town real estate

Is New Town a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in New Town, ND 58763 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 Town?

The typical home went under contract in 75 days in the latest three months.

Do homes in New Town sell over asking?

0% of homes sold above their original list price.

What are property taxes in New Town?

About 0.52% of a home’s value a year in Mountrail County, or roughly $2,080 on a $400,000 home.

What is the median home price in New Town?

The median sale price was $689,702 in the three months ending August 31, 2026, about $676 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