Fargo Real Estate Market Update
M Re-Intel™ — Fargo-Moorhead real estate market report with live months of supply, days on market, price trends, hottest neighborhoods & monthly commentary by Jim Christl and Shannon Barnum. Updated daily from NorthstarMLS.
Your live Fargo real estate market update for the Fargo-Moorhead metro and Minnesota lake country — home prices, days on market, active inventory, and price trends, updated daily from NorthstarMLS.
Is Fargo Real Estate a Buyer's or Seller's Market?
Right now, Fargo real estate is a seller’s market. The Market Heat Index™ reads 74 out of 100 — running hot, based on active inventory and homes sold in the last 90 days across the Fargo-Moorhead metro — Fargo, West Fargo, Moorhead, and Horace (residential only).
- Months of supply: 2.9 — at today’s pace it would take about 3 months to sell every active listing.
- Asking price vs. sale price: homes typically sell at full asking price, and 59% sell for asking or more.
- Median time to sell: 62 days from listing to sale.
Three live signals drive the verdict: months of supply (how long it would take to sell every active listing at the current pace — under about 4 months favors sellers, 4 to 6 months is balanced, and over 6 months favors buyers), asking price vs. sale price (how close homes sell to their asking price, and the share that sell at or above asking), and median time to sell (days from listing to sale). These three signals combine into a Market Heat Index™ — a single 0-to-100 score that captures how hot or cold the market is at a glance. Each month Jim & Shannon add a first-hand read on what the numbers feel like on the ground.
M Re-Intel™ — Monthly Market Intelligence Brief
M Re-Intel™ is Modern Market REALTORS®’ monthly market intelligence brief for the Fargo-Moorhead metro and Minnesota lake country — a first-hand read on inventory, pricing, and pace from REALTORS® Jim Christl and Shannon Barnum, backed by live NorthstarMLS data.
Fargo-Moorhead
West Fargo and Fargo are running hottest right now — roughly 3 in 10 of their active listings are already under contract (West Fargo 31%, Fargo 29%). Metro inventory sits at 817 active, and the $300–400K band is still where the selection is, holding almost 30% of listings. Moorhead is the value-and-negotiation pocket: the lowest median in the metro at $315K, and 31% of its active listings have already taken a price cut. Horace looks quietest on paper at 18% pending, but it’s restocking fast — better than a quarter of its inventory came on just this month.
New Construction
342 new builds are active across the service area at a $453K median — and in the metro proper the median new build is nearly $480K, with only about a third priced under $400K, so entry-level buyers shopping brand-new still have thin pickings. Thomsen Homes leads both ways right now — the most active inventory (24) and the fastest absorption among the big builders — with Jordahl (22 active) and Dabbert (18) close behind, moving their move-up product steadily.
Lakes
Peak season is in full swing with over 1,000 active listings across the lakes region. The Alexandria and Brainerd corridors are genuinely hot (28–30% already pending), while the far-north Leech Lake towns are slower — Walker sits at 13%. Waterfront still commands a steep premium: a median of $619K on the water versus $369K off it, about 68% more. Pelican Rapids is the most water-heavy market we track — 78% of its listings are waterfront at a $689K median — and fresh inventory is still pouring in, with Brainerd and Bemidji each adding 40–50 new listings since July 1.
Jim Christl & Shannon Barnum — August 2026
Hottest Neighborhoods
The fastest-moving neighborhood in each Fargo-Moorhead city, ranked by the number of homes sold in the last 90 days — a quick read on where buyer demand is concentrated across Fargo, West Fargo, Moorhead, and Horace.
- Deer Creek (Fargo) — 17 homes sold · last 90 days
- Village Green (Moorhead) — 19 homes sold · last 90 days
- Eagle Run (West Fargo) — 8 homes sold · last 90 days
Best Neighborhoods to Sell In Right Now
The Seller Opportunity Index ranks neighborhoods across the whole Fargo-Moorhead metro — not just one winner per city — by how strong the outcome is for sellers: how close to asking price homes sold, and how fast. The top 5 neighborhoods appear here, each with its sale-to-list percentage, median days to sell, and recent sale count, drawn from the last 90 days of closed sales.
- Hilleboe Terrace (Fargo) — sold for 102% of asking in a median 45 days · 4 sold, last 90 days
- Pointe West (Fargo) — sold for 101% of asking in a median 36 days · 7 sold, last 90 days
- Country Club Acres (Fargo) — sold for 101% of asking in a median 37 days · 5 sold, last 90 days
- Meyers Bros (Moorhead) — sold for 102% of asking in a median 51 days · 6 sold, last 90 days
- Knollbrook (Fargo) — sold for 101% of asking in a median 42 days · 3 sold, last 90 days
Fastest-Selling Cities Right Now
A leaderboard of the fastest-selling cities among all 16 this page tracks, ranked by median days from listing to sale over the last 90 days. A quick way to see where homes move fastest across the Fargo-Moorhead metro and Minnesota lake country.
- Barnesville — homes sold in a median 47 days · 16 sold, last 90 days
- Deer River — homes sold in a median 50 days · 29 sold, last 90 days
- Remer — homes sold in a median 50 days · 8 sold, last 90 days
- Longville — homes sold in a median 52 days · 12 sold, last 90 days
- Kindred — homes sold in a median 58 days · 7 sold, last 90 days
- West Fargo — homes sold in a median 59 days · 179 sold, last 90 days
- Glyndon — homes sold in a median 59 days · 7 sold, last 90 days
- Fargo — homes sold in a median 60 days · 474 sold, last 90 days
Market Snapshot
Key metrics tracked: Active Listings count, Median Price, Average Price, Average Days on Market, Median Days on Market, Average Price per Square Foot, and Newest Listing date. All stats are computed from active, published MLS listings (excluding land).
| Metric | Value |
|---|---|
| Active Listings | 3,841 |
| Median Price | $379,900 |
| Average Price | $497,977 |
| Average Days on Market | 87 days |
| Median Days on Market | 61 days |
| Median $/SqFt | $198 |
| Newest Listing | Aug 23, 2026 |
Price Reductions Right Now
A live count of Fargo-Moorhead homes with a current price cut, the typical reduction amount, and the five biggest reductions on the market right now — plus which cities have the most price cuts right now. See every reduction on M Markdowns, our daily price-drop tracker.
- 323 homes with a price cut right now
- Typical reduction: $10,000
- Biggest reduction: $395,000
Most price cuts right now: Fargo (105), Moorhead (55), Detroit Lakes (53), West Fargo (29). See every reduction on M Markdowns.
- 218 8th Street NW, Dilworth, MN 56529 — was $95,000, now $79,000: save $16,000 (17% off) · 10 days on market
- 216 8th Street NW, Dilworth, MN 56529 — was $95,000, now $79,000: save $16,000 (17% off) · 10 days on market
- 1340 4th Avenue N, Fargo, ND 58102 — was $139,900, now $120,000: save $19,900 (14% off) · 45 days on market
- 3407 Cherry Lane N, Fargo, ND 58102 — was $99,000, now $89,000: save $10,000 (10% off) · 120 days on market
- 14 3rd Street E, West Fargo, ND 58078 — was $99,900, now $89,900: save $10,000 (10% off) · 133 days on market
- 813 10th Street N, Fargo, ND 58102 — was $325,000, now $295,000: save $30,000 (9% off) · 130 days on market
Rare Finds in Fargo-Moorhead
Uncommon features in the metro right now: homes with a pool, waterfront homes, brand-new construction, and homes with a 3-plus car garage — each linking to what's currently available.
Stats by City
Market data is tracked for 16 cities across the FM metro and Minnesota lake country:
- Fargo
- Moorhead
- West Fargo
- Horace
- Kindred
- Glyndon
- Mapleton
- Casselton
- Barnesville
- Dilworth
- Detroit Lakes
- Walker
- Cass Lake
- Deer River
- Longville
- Remer
Each city shows active listing count, median price, average days on market, and average price per square foot.
| City | Active | Median Price | Avg DOM | Median $/SqFt |
|---|---|---|---|---|
| Fargo | 420 | $380,000 | 99 | $185 |
| Moorhead | 200 | $319,950 | 60 | $155 |
| West Fargo | 109 | $399,900 | 58 | $183 |
| Horace | 130 | $418,126 | 100 | $199 |
| Kindred | 15 | $629,900 | 50 | $219 |
| Glyndon | 14 | $362,450 | 128 | $168 |
| Mapleton | 14 | $544,400 | 117 | $236 |
| Casselton | 14 | $367,000 | 85 | $164 |
| Barnesville | 17 | $399,900 | 72 | $162 |
| Dilworth | 25 | $383,000 | 41 | $199 |
| Detroit Lakes | 144 | $449,450 | 82 | $253 |
| Walker | 49 | $399,900 | 106 | $233 |
| Cass Lake | 27 | $399,000 | 132 | $232 |
| Deer River | 28 | $204,950 | 108 | $239 |
| Longville | 21 | $499,500 | 73 | $298 |
| Remer | 27 | $349,900 | 72 | $258 |
Hidden Gems — Best Value by City
Where your dollar buys the most, ranked by price per square foot. We surface the three lowest-cost cities and show how much less buyers pay per square foot than in Fargo for a similar median price — an easy way to spot more home for the money.
- Moorhead — $155/sq ft — 16% less per sq ft than Fargo
- Barnesville — $162/sq ft — 12% less per sq ft than Fargo
- Casselton — $164/sq ft — 11% less per sq ft than Fargo
What $400K Buys You
The average living space — and typical bedroom/bathroom count — a $400,000 budget gets you in each Fargo-Moorhead city right now — a plain-English way to compare how far the same budget stretches from one city to the next.
- Barnesville — 2,599 sq ft · 4 bd · 3 ba
- Moorhead — 2,441 sq ft · 4 bd · 3 ba
- Fargo — 2,300 sq ft · 4 bd · 3 ba
- West Fargo — 2,278 sq ft · 4 bd · 3 ba
- Glyndon — 2,214 sq ft · 4 bd · 2.5 ba
- Horace — 2,031 sq ft · 3 bd · 3 ba
- Dilworth — 1,915 sq ft · 3 bd · 3 ba
- Detroit Lakes — 1,868 sq ft · 3 bd · 2 ba
- Kindred — 1,861 sq ft · 3 bd · 2.5 ba
- Walker — 1,833 sq ft · 3 bd · 2 ba
- Longville — 1,057 sq ft · 2 bd · 1.5 ba
Stats by Property Type
Market stats broken down by property type — residential, townhomes, condos, and more — each showing count, median price, and average square footage.
| Property Type | Active | Median Price | Avg SqFt |
|---|---|---|---|
| Single Family | 3,421 | $390,000 | 2,179 |
| (TH) Side x Side | 126 | $353,250 | 1,904 |
| Twin Home | 89 | $299,800 | 1,795 |
| (CC) Low Rise (3- Levels) | 66 | $205,000 | 1,254 |
| (CC) High Rise (4+ Levels) | 39 | $678,000 | 1,750 |
| Duplex Up and Down | 20 | $220,250 | 2,176 |
| Fourplex | 16 | $317,000 | 3,823 |
| Triplex | 16 | $264,950 | 2,819 |
| (TH) Quad/4 Corners | 13 | $199,900 | 1,316 |
| (TH) Detached | 8 | $400,750 | 1,859 |
| (CC) Manor/Village | 6 | $217,400 | 782 |
| Duplex Side by Side | 5 | $265,000 | 1,845 |
| Apartment | 4 | $487,500 | 6,367 |
| (CC) Two Unit | 4 | $290,000 | 2,593 |
| Other | 4 | $311,500 | 3,595 |
| Duplex Other | 3 | $223,000 | 2,295 |
| (CC) Converted Mansion | 1 | $649,000 | 2,373 |
What Actually Sells a Home Faster
We analyzed median days to contract for single-family homes sold over the past 90 days across the Fargo-Moorhead metro. Some features really do help — others are surprisingly overrated.
- Finished basement: Sells 6 days faster (21 vs 27 days median) — myth busted. Myth: “Buyers don't care about basements in summer.” See homes with a finished basement →
- 3-stall garage: No faster. At all. (25 vs 24 days — dead even) — myth busted. Myth: “A bigger garage guarantees a quicker sale.”
- Fireplace: Sells 4 days faster (23 vs 27 days median) — myth busted. Myth: “Fireplaces only matter in winter.”
- Built 2015 or newer: Sits 19 days longer (40 vs 21 days median) — myth busted. Myth: “Newer homes always sell the fastest.” See new construction homes →
Faster doesn’t always mean more valuable — a 3-stall garage may raise sale price even if it doesn’t cut days on market. This measures speed to contract only, among comparable local single-family homes.
Price Distribution
Active listings distributed across seven price ranges: Under $200K, $200K–$300K, $300K–$400K, $400K–$500K, $500K–$750K, $750K–$1M, and Over $1M.
| Price Range | Active Listings |
|---|---|
| Under $200K | 534 |
| $200K–$300K | 758 |
| $300K–$400K | 826 |
| $400K–$500K | 544 |
| $500K–$750K | 643 |
| $750K–$1M | 284 |
| Over $1M | 252 |
Fargo Housing Market FAQs
Is Fargo-Moorhead a buyer's or seller's market right now?
It comes down to the numbers this page tracks. When months of supply is low and homes sell quickly at or above asking, it's a seller's market; when supply climbs and homes sit longer, it tilts toward buyers. The Market Heat Index at the top turns those market metrics into a single reading, updated daily.
How hot is the Fargo real estate market right now?
Check the Market Heat Index at the top of this page — a 0-to-100 score that folds months of supply, sale-to-list ratio, and days on market into one live reading, updated daily. Roughly 67 and up is a hot seller's market, the middle is balanced, and under about 34 favors buyers.
How often is this Fargo housing market data updated?
Daily. Every statistic here — Fargo home price trends, months of supply, days on market, and price cuts — is recalculated from live listings and recent sales in NorthstarMLS, so you're always seeing the Fargo housing market today, not a stale monthly report.
What do these Fargo real estate statistics include?
The dashboard pulls together the housing statistics that matter for a decision: median and average prices, price per square foot, months of supply, average days on market, active price reductions, and neighborhood- and city-level breakdowns — a full read on the Fargo real estate market.
Where does this Fargo market data come from?
All of the real estate data here comes from NorthstarMLS as distributed by MLS Grid — the same source agents use — filtered to active, published listings and recent closed sales across Fargo-Moorhead and Minnesota lake country.
What is M Re-Intel?
M Re-Intel is Modern Market REALTORS®' monthly market intelligence brief — a first-hand read on inventory, pricing, and pace across Fargo-Moorhead and Minnesota lake country, written by REALTORS® Jim Christl and Shannon Barnum and backed by live NorthstarMLS data.
How is M Re-Intel different from the market stats?
The market stats dashboard shows the live numbers — median price, days on market, price distribution. M Re-Intel is the narrative layer: what those numbers mean right now, which pockets are hot, and what's actually moving.
How often is M Re-Intel updated?
Monthly. Jim & Shannon write a new brief each month based on what they're seeing in the field and in the MLS.
Who writes M Re-Intel?
Jim Christl and Shannon Barnum — the REALTORS® behind Modern Market REALTORS® in Fargo-Moorhead. Every brief is first-hand market observation, not auto-generated content.
Just Listed in Horace & West Fargo
Fresh inventory in two of the metro’s fastest-turning markets — Horace and West Fargo homes that hit NorthstarMLS in the last 96 hours. See all on M Premiere.
- 2754 10th Street W, West Fargo, ND — $317,000
- 4749 11th Street W, West Fargo, ND — $1,149,950
- 1023 Mulberry Lane, West Fargo, ND — $839,000
What is M Re-Intel™?
M Re-Intel™ is Modern Market REALTORS®’ monthly market intelligence brief for the Fargo-Moorhead metro and Minnesota lake country — a first-hand read on inventory, pricing, and pace from REALTORS® Jim Christl and Shannon Barnum, backed by live NorthstarMLS data.
It's the one layer Zillow and Realtor.com structurally can't replicate — a local agent's first-hand read on where inventory is tight, what's selling fast, and what the numbers actually mean for your decision.
M Re-Intel™ vs. M Markdowns™: M Re-Intel is our monthly market narrative — the why behind the numbers; Market Stats is the live data dashboard — the what. Re-Intel gives you the read, Market Stats gives you the receipts.
Key features
- Written by Local Agents — Jim & Shannon write every brief from what they're seeing on the ground and in the MLS — not auto-generated from a national algorithm.
- Backed by Live Data — Every claim is anchored to real NorthstarMLS numbers — active inventory, pending ratios, median prices, and days on market — updated daily.
- Three Market Zones — Fargo-Moorhead metro, new construction, and Minnesota lake country — each gets its own read because they move differently.
How to use it
- Monthly Check-In — Read the brief once a month to understand whether you're in a buyer's or seller's market and where the opportunities are.
- Pair With Live Stats — The brief sits on the Market Stats page alongside live data tables, price distribution, and the Market Heat Index — context plus numbers.
- Share With Clients — Link directly to the M Re-Intel section — it's a shareable, citable market read with your name on it.
Data sourced from NorthstarMLS as distributed by MLS GRID.
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Modern Market REALTORS® — Jim Christl (Broker) & Shannon Barnum (Associate Broker). Serving Fargo, Moorhead, West Fargo, Horace, Detroit Lakes, and Minnesota lake country. Call (701) 205-5517.