Powers Lake Real Estate Market

Powers Lake Market

The median sale price for homes in Powers Lake over the last 12 months is $73,062.


The median mortgage debt is $26,694.

Additional Statistics for Single Family Homes and Condos in Powers Lake, ND
Powers Lake, ND Price Trends - Sold vs. Listed

Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).

By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.

Data Currently Unavailable
Powers Lake, ND Market Inventory Trends

Review the inventory and health of the market by looking at the number of sold and listed properties.

To understand if the market inventory is growing or shrinking, compare the number of sold properties to new listings. If inventory is growing, the market could be trending toward a buyer's market. If inventory is shrinking, then it could be a seller's market.

Gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer's market.

  • Sold: Properties sold that month
  • New: Listings that are new on the market
  • Distressed: Listings that are short sales, bank owned, or up for auction.
  • Standard: Non-distressed listings
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    Data Currently Unavailable
    Powers Lake, ND Property Ownership

    Powers Lake has a high % of unoccupied properties. It is 17.22% more than the national average. This can drive sales prices down.

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    Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.

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