How to buy a home in North Dakota

North Dakota is a place where people put down roots, whether you’re a first-time buyer, relocating for work, or looking for a fresh start in the Peace Garden State. Between the serene landscapes of Theodore Roosevelt National Park and the buzz of big cities like Fargo, it’s easy to understand the state’s appeal and strong sense of community.

North Dakota’s housing market can feel competitive at times, but it doesn’t have to slow your plans. With thoughtful preparation and a clear understanding of the process, buying a home here is very achievable. This guide breaks down what to expect, what opportunities exist, and how to move through North Dakota’s housing market with confidence.

North Dakota’s housing market at a glance

North Dakota's housing market can be competitive, with steady price growth and limited inventory in some of the state’s most popular areas. Here’s a view of the North Dakota’s housing market, as of October 2025:

Understanding the housing market in North Dakota

North Dakota’s real estate market is shaped by steady price growth, slower sales activity, and modest housing supply. Here’s what’s driving those conditions, and what they mean for you.

The median home price is $304,000

As of November, the state’s median home price sits at $304,000, about 30% lower than the national median of $433,175. While prices have continued to rise year over year, they remain  accessible compared to the broader U.S. market due to several factors:

• Location: Prices are often highest in expanding cities like Fargo and [city] , while smaller communities or rural areas such as Wahpeton or Lisbon generally offer budget-friendly options.
• Type of home: Single-family homes, townhomes, and condos vary widely in price depending on size, age, condition, and available amenities.
• Fair market value: Appraised and assessed values influence pricing, with properties in popular neighborhoods or with sought-after features often carrying a premium.

Even with North Dakota’s lower home prices, affordability can still be a challenge, especially in high-demand cities or metro areas. To get a clear understanding of what you can afford in your ideal neighborhood, consider using a home affordability calculator from Rocket Mortgage^®.

Market trends and inventory

North Dakota’s economic opportunities, lower cost of living, and friendly environment attract new residents, increasing housing demand. Horace, Mapleton, and Fargo are cities experiencing significant growth. Redfin reported that 9.9% of homes are selling above list price in .

There’s encouraging news for buyers: North Dakota’s housing inventory has risen 2.0% year over year, outpacing the national increase of 5.4%. This growth offers some relief for buyers from the intense competition. The state is also working to expand housing options through affordable housing investments and development incentives.

With so many factors shaping the market, guidance of a knowledgeable real estate agent can help you navigate North Dakota’s housing landscape.

Spring and summer are peak shopping seasons

In North Dakota, spring and summer are the best times of year to buy a home. Inventory tends to rise, with the highest number of listings available from March through August. However, buyer activity is also at its highest when prices peak and multiple offers are common. If you’re searching during this time, being prepared and acting quickly can give you a competitive edge.

Buying in fall or winter offers a different experience. Typically, fewer homes are on the market, and you’ll experience less competition and stronger negotiating power. These seasons can offer a more relaxed home buying experience for those willing to move strategically.

How to buy a home in North Dakota: Step-by-step

The home buying journey is easier to navigate with a clear roadmap. These are the steps to buying a home in North Dakota.

1. Check your credit and set a budget

The first step to homeownership is understanding your financial health. Start by using a mortgage calculator to estimate your price range and monthly payment. A healthy credit score is key for mortgage eligibility and better interest rates. Lenders will also consider factors like your debt-to-income (DTI) ratio, employment history, and available assets.

If you’re purchasing a home for the first time, plan for key first-time home buyer expenses including your down payment, closing costs, inspection fees, and property taxes.

2. Decide on the type of financing you want

Before touring homes, it’s important to understand the mortgage options available to you. Each loan type comes with different eligibility rules, down payment minimums, and benefits:

3. Apply for preapproval

In North Dakota’s housing market, securing mortgage preapproval is a key step. Preapproval not only estimates your borrowing power and potential 30-year mortgage rate, but also shows sellers that you’re qualified and serious. Getting preapproved provides you with a clear budget, giving you direction for your home search.

4. Hire an experienced North Dakota real estate agent

Working with an experienced real estate agent is invaluable when buying a home in North Dakota. An agent can help you understand neighborhood trends, property values, state regulations, and market conditions. Redfin is one resource for finding an agent.

It’s also worth noting that North Dakota allows dual agency, meaning one agent represents both the buyer and seller. This type of representation can pose conflicts of interest, so it's best to understand the implications before agreeing to it.

5. Start house hunting

Once you’re feeling ready, it’s time to begin your home search. Work with your real estate agent to explore North Dakota cities and towns that fit your lifestyle and long-term goals. Check the latest listings on sites like Redfin or the MLS to see what’s available. Attend open houses, both virtually and in person, to get a feel for the home and neighborhood. As you search, keep these factors in mind:

• Education and job opportunities
• Recreation and amenities such as parks, shopping, and dining options
• Transportation and accessibility like public transit and major roadways
• Homeowners association fees if applicable
• Property taxes

6. Make an offer and negotiate

Once you’ve found the home you love the next step is submitting an offer. In North Dakota, this typically involves a written purchase and sale agreement that outlines your offer price, earnest money deposit, contingencies, and a proposed closing timeline.

North Dakota is a non-disclosure state, meaning sellers aren’t required to share certain details about the property. Unlike some other states, North Dakota buyers and sellers aren’t obligated to hire a real estate attorney, so your agent will typically guide you through negotiations, paperwork, and next steps.

Many buyers include contingencies to protect their interests during the transaction. For example, an appraisal contingency ensures the home’s appraised value meets or exceeds the purchase price before the sale moves forward.

7. Close on your North Dakota home

Closing is the last step in the home buying process. During this stage, you’ll finalize your mortgage, secure homeowners insurance, complete a title search, and pay closing costs. In  North Dakota, closing costs typically range from 2% to 5% of the purchase price. These could include loan origination fees, appraisal fees, title insurance, escrow fees, recording fees, and prepaid expenses like property taxes and insurance.

Once all documents are signed and the transaction is funded, you’ll receive the keys to your new home and become a North Dakota homeowner.

FAQs about buying a home in North Dakota

Here are some of the most common questions people ask when purchasing a home in North Dakota.

How much do I need to buy a house in North Dakota?

The amount you need to buy a home in the state depends on your city, price range, down payment, and mortgage type. Tools like the Rocket Mortgage^® affordability calculator can give you a clear estimate.

What credit score is needed to buy a house in North Dakota?

You generally need a credit score of 620 or higher for a conventional loan in North Dakota. FHA loans and other programs may allow lower scores, but they often come with additional requirements, such as mortgage insurance or higher interest rates.

Do I need a real estate agent to buy a home in North Dakota?

A real estate agent isn’t required to buy a home in North Dakota, but working with one is strongly recommended. An agent can help you navigate market conditions, handle paperwork, and negotiate the best deal.

How long does it take to close on a house in North Dakota?

It usually takes about 30 to 60 days once your offer is accepted. This can vary based on loan type and housing market conditions.

Are there any North Dakota specific factors that could affect the home buying process?

Yes, several factors can influence your home purchase in North Dakota. The state’s mix of growing cities and rural communities means home prices and competition can vary widely depending on location. Weather conditions, especially harsh winters, can also affect inspections, timelines, and maintenance considerations.

The bottom line: There’s a home for in North Dakota waiting for you

While home prices are rising and competition can be strong, staying financially prepared and working with a knowledgeable real estate agent are key when buying a home in North Dakota. With a booming economy and abundant outdoor recreation, this state offers a lifestyle that’s rewarding. Start the mortgage approval process with Rocket Mortgage^® today to get started on your home in the Peace Garden State.

Rocket Mortgage is a VA-approved lender, not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.

Rocket Mortgage is not acting on behalf of FHA or HUD.

The 3% down payment option is only available on certain conventional loan products and is not available in all states. Additional terms and conditions may apply.

This article is for informational purposes only and is not intended to provide financial, investment, or tax advice. You should consult a qualified financial or tax professional before making decisions regarding your retirement funds or mortgage.