Is now a good time to buy land in Ray, North Dakota?
Ray, North Dakota is currently a seller's market with 4.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Ray, North Dakota Land Market Statistics
Comprehensive market data and analysis• Updated Oct 2026
Active Listings
4
Sold (12M)
3
Median Price
Not public
Market Condition
Seller's Market
Ray, North Dakota Market Meter
Seller's Market
4.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
Market Overview
Median Price
Not public
Avg Price/Acre
Not public
Avg Days on Market
157
Months of Supply
4.0
YoY Price Change
Not public
New Listings (3M)
0
North Dakota does not make land sale prices public, so sold prices are not shown here. Sales counts, days on market and months of supply are still real.
Land Market Data by Acreage
Data Type:
View:
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | 2 | 3 | 3 | 3 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 3 | 3 | 3 |
📊 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
1-2 acres3 sold / 4 listed
Median Price by Acreage
No price data available
Key Market Indicators
Total Sales Volume
$0
Last 12 months
Active Listings
4
Current inventory
Avg Days on Market
157
Time to sell
Price Trend (YoY)
-
Year over year
Ray, North Dakota Land Market Analysis
What is the months of supply for land in Ray, North Dakota?
Ray, North Dakota currently has 4.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
Is now a good time to invest in land in Ray, North Dakota?
The current absorption rate in Ray, North Dakota is 25.0% (3-month basis), indicating strong demand. The top-performing broker in this market is Realty One Group Caliber.
What is the absorption rate for land in Ray, North Dakota?
The 3-month absorption rate in Ray, North Dakota is 25.0%. The 12-month rate is 6.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
What is the total land for sale in Ray, North Dakota?
There are currently 4 active listings in Ray, North Dakota. The median asking price is $85K.
How long does it take to sell land in Ray, North Dakota?
Land in Ray, North Dakota typically sells within 157 days of listing. The median time on market is 139 days. Properties are moving slowly in the current seller's market.
What is the total amount sold in Ray, North Dakota last year?
Over the past 12 months, Ray, North Dakota saw 3 properties sold. In just the last 3 months, 3 properties changed hands.
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.
Land in Ray
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