Is Velva, ND 58790 a buyer’s or seller’s market?

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

Velva is a seller’s market. With about 2.4 months of supply and 25% 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 supply2.4Under 4 months = seller’s market

Sold above original list25%Share of sales, last 3 months

Median sale-to-list100.6%Sold price ÷ list price

Median days on market19Listing to accepted offer

Median price per sq ft$108▲ +14.4% vs. last year

Run the numbers for 58790

Prefilled for 58790Can I win this house?Multiple-offer likelihood for a listing Prefilled for 58790Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Deering 58731 — /sq ft Drake 58736 $252 /sq ft Granville 58741 — /sq ft Karlsruhe 58744Seller’s market $60 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology