Grand Forks Real Estate Market Update - Summer 2025

 

Hi, Nick Walker with Greenberg Realty. Here's a quick summer market update for Grand Forks, ND and surrounding areas. Our average sales price in Grand Forks, ND and East Grand Forks, MN is hovering right around $330,000. Year to date the same time last year we were right around $319,000, so we've actually seen a 6% increase in our average sales price. Our average days on market right now from the day the home is listed until the day it closes is hovering around 85 days, and the same time last year we were actually hovering around 98 days so so the average days on market has actually come down.

 

Interest rates currently fluctuating right around that low 6.2-6.3% range on a conventional loan. Local lenders in Grand Forks and East Grand Forks actually have some firsttime home buyer programs fluctuating in the mid5 to high five percentile range so home-buyers let's look to hedge against inflation and help with home appreciation and get you in a home this year.  Home sellers, let's connect on making sure we can maximize your sales price and put more money in your pocket. Thanks and have a great summer!