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VELVA, ND 58790

Real Estate Market Report  ·  McHenry County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The VELVA, ND real estate market (58790) currently shows 5 active listings, with 5 pending sales. Homes are averaging 32 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 32 days on market compared to 9 days last year.

The median listing price has fallen 43.4% year-over-year, from $340,000 to $192,475.

Whether you are buying or selling in VELVA, ND, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,460  ·  Density: 3.0/mi²  ·  Median household income: $75,588

Typical home value: $214,955  ·  Homeownership: 74.7%

Market Overview

Active Listings
5
⇧ 66.7% vs 3 last year
Pending
5
100% pending ratio
Median Price
$192,475
⇩ 43.4% vs $340,000 last year
Average Price
$192,475
⇩ 43.4% vs $340,000 last year
Days on Market
32
⇧ 255.6% vs 9 days last year

Price Per Square Foot

Median $/sqft
$82
⇩ 27.4% vs $113/sqft last year
Median Home Size
2,349 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 3 last year
  • Days on market: 32 now vs 9 last year

Median & Average Pricing

Year over Year
  • Median: $192,475 (-43.4% YoY)
  • Average: $192,475 (-43.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 44.1 miles — 146 listings ($49,970,312 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
58790Velva, ND 587900.0 mi2$459,900$229,950$229,950
58768Norwich, ND 5876815.6 mi2$1,120,000$560,000$560,000
58744Karlsruhe, ND 5874417.4 mi1$425,000$425,000$425,000
58759Max, ND 5875919.2 mi2$449,800$224,900$224,900
58785Surrey, ND 5878520.7 mi13$4,232,475$356,150$325,575
58703Minot, ND 5870326.8 mi89$32,793,563$319,900$368,467
58731Deering, ND 5873128.9 mi1$179,900$179,900$179,900
58722Burlington, ND 5872230.0 mi6$3,479,700$389,950$579,950
58740Glenburn, ND 5874033.2 mi5$745,270$144,675$149,054
58710Anamoose, ND 5871034.3 mi1$289,900$289,900$289,900
58779Ryder, ND 5877940.0 mi1$665,000$665,000$665,000
58576Underwood, ND 5857642.8 mi6$1,103,898$194,950$183,983
58368Rugby, ND 5836844.1 mi17$4,025,906$119,900$236,818

Frequently Asked Questions

How many homes are for sale in VELVA, ND 58790?

As of March 2026, there are 5 active listings in VELVA, ND (zip code 58790), compared to 3 the prior year.

What is the median home price in VELVA, ND 58790?

The median listing price in VELVA, ND 58790 is $192,475 as of March 2026, a 43.4% decrease from $340,000 the prior year.

How long do homes stay on the market in VELVA, ND?

Homes in VELVA, ND 58790 spend an average of 32 days on the market before going under contract, compared to 9 days the prior year.

Is it a seller's or buyer's market in VELVA, ND 58790?

Based on current inventory and days-on-market data as of March 2026, VELVA, ND 58790 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 32 days on market compared to 9 days last year.

How much can I save on real estate commission in VELVA, ND?

With SELL123.com's maximum 3% commission, sellers in VELVA, ND 58790 save an estimated $3,850 compared to a typical 5% commission on the median listing price of $192,475. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.