Is now a good time to buy land in Minot, North Dakota?
Minot, North Dakota is currently a strong buyer's market with 21.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Minot, North Dakota Land Market Statistics
Comprehensive market data and analysis• Updated Dec 2025
Active Listings
70
Sold (12M)
41
Median Price
-
Market Condition
Strong Buyer's Market
Minot, North Dakota Market Meter
Strong Buyer's Market
21.0 months of supply
High inventory favors buyers with more choices and negotiating power.
Market Overview
Median Price
-
Avg Price/Acre
-
Avg Days on Market
195
Months of Supply
21.0
YoY Price Change
-
New Listings (3M)
11
Land Market Data by Acreage
Data Type:
View:
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 4 | 6 | 10 | 25 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | 1 | 3 | 5 | 12 |
| 5-10 acres | - | 1 | 2 | 3 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 5 | 10 | 17 | 41 |
📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.
Market Trends & Analysis
Inventory by Acreage (12 Months)
Sold
For Sale
0-1 acres25 sold / 31 listed
1-2 acres1 sold / 0 listed
2-5 acres12 sold / 33 listed
5-10 acres3 sold / 1 listed
10-20 acres0 sold / 1 listed
20-50 acres0 sold / 1 listed
100+ acres0 sold / 1 listed
Median Price by Acreage
No price data available
Key Market Indicators
Total Sales Volume
$0
Last 12 months
Active Listings
70
Current inventory
Avg Days on Market
195
Time to sell
Price Trend (YoY)
-
Year over year
Minot, North Dakota Land Market Analysis
What is the months of supply for land in Minot, North Dakota?
Minot, North Dakota currently has 21.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
What is the total amount sold in Minot, North Dakota last year?
Over the past 12 months, Minot, North Dakota saw 41 properties sold. In just the last 3 months, 10 properties changed hands.
What is the absorption rate for land in Minot, North Dakota?
The 3-month absorption rate in Minot, North Dakota is 4.8%. The 12-month rate is 4.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
How long does it take to sell land in Minot, North Dakota?
Land in Minot, North Dakota typically sells within 195 days of listing. The median time on market is 142 days. Properties are moving slowly in the current strong buyer's market.
Is now a good time to invest in land in Minot, North Dakota?
The current absorption rate in Minot, North Dakota is 4.8% (3-month basis), indicating slow demand.
What is the total land for sale in Minot, North Dakota?
There are currently 70 active listings in Minot, North Dakota. 11 new listings have hit the market in the last 90 days. The median asking price is $67K.
Data Sources & Accuracy
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
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