Is Surrey, ND 58785 a buyer’s or seller’s market?

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

Surrey is a seller’s market. With about 2 months of supply and 9% 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 supply2Under 4 months = seller’s market
Sold above original list9.1%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market23Listing to accepted offer
Median price per sq ft$168▲ +4.1% vs. last year

The Surrey housing market right now

In the three months ending August 31, 2026, 9% of homes in Surrey, ND 58785 sold above their list price, the typical home went under contract in 23 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (318 days then) and the median sale price fell 1% to $374,838. Overall, Surrey is more competitive than a year ago, so tougher for buyers.

Within Ward County, homes here sell faster than in 63% of the county’s ZIP codes, and sell more often over asking than in 50%.

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.

Nearby markets

Berthold 58718Buyer’s market $127 /sq ftBurlington 58722Buyer’s market $159 /sq ftDes Lacs 58733Seller’s market $92 /sq ftDonnybrook 58734Seller’s market $120 /sq ft Browse all markets →

Where Surrey is

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Questions about Surrey real estate

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

A seller’s market: there were 2 months of supply in Surrey, ND 58785 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 Surrey?

The typical home went under contract in 23 days in the latest three months.

Do homes in Surrey sell over asking?

9% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Surrey?

About 1.07% of a home’s value a year in Ward County, or roughly $4,280 on a $400,000 home.

What is the median home price in Surrey?

The median sale price was $374,838 in the three months ending August 31, 2026, about $168 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