Is now a good time to buy land in North Dakota?
North Dakota is currently a strong buyer's market with 30.4 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis• Updated Dec 2025
30.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 26 | 114 | 219 | 399 |
| 1-2 acres | 6 | 26 | 60 | 123 |
| 2-5 acres | 6 | 24 | 38 | 80 |
| 5-10 acres | 1 | 7 | 16 | 25 |
| 10-20 acres | - | 3 | 7 | 18 |
| 20-50 acres | - | 5 | 11 | 16 |
| 50-100 acres | 2 | 6 | 6 | 16 |
| 100+ acres | 3 | 11 | 11 | 32 |
| TOTAL | 44 | 196 | 368 | 709 |
North Dakota is currently a strong buyer's market with 30.4 months of supply. Buyers have more negotiating power and can take time to find the right property.
North Dakota currently has 30.4 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in North Dakota is 3.3% (3-month basis), indicating slow demand. The top-performing broker in this market is eXp Realty.
Average farm real estate in North Dakota is valued at $2K/acre. Cropland specifically averages $2K/acre. Pasture land averages $987/acre. (Data from 2023)
There are currently 2,109 active listings in North Dakota. 327 new listings have hit the market in the last 90 days. The median asking price is $78K.
Average cropland rent in North Dakota is $77/acre/year. Pasture land rents for approximately $21/acre/year.
Over the past 12 months, North Dakota saw 740 properties sold. In just the last 3 months, 208 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.