Fargo Housing Market Update: September 2026

Updated November 2026 with September 2026 MLS data. Each month I update this page with the latest numbers from NorthStar MLS for the Fargo area, along with what they mean for buyers and sellers.

September 2026 at a glance

• Median sale price: $320,000, up 4.9% from September 2025. Year to date: $314,900, up 2.1%.
• Homes sold: 262, down 10.6%. Year to date: 2,606, up 5.5%.
• Went pending: 373, down 12.9%.
• Active listings: 1,195, down 7.7%, with 416 new listings in September.
• Months of supply: 4.1, compared with 4.7 a year ago.
• Median days on market: 29, down from 31. The average was 65 days.
• Sale-to-list price: 99.2% of final list price and 98.1% of origxinal list price.

What it means for sellers

Prices are still rising and well-priced homes still sell in about a month. Supply is tighter than last fall, even though fewer buyers are out than in the spring. The gap between the median (29 days) and the average (65 days) shows that overpriced homes are sitting. Price to the recent comps and you'll be in the group that sells. See how I sell homes or request a home value report.

What it means for buyers

You have more choice than in the spring. Active listings climbed from 890 in February to 1,195 in September, and buyer activity slows into winter. Homes that have been on the market for a while are where you'll find the most room to negotiate. Start with the Fargo-Moorhead buyer guide.

The market by price range

Under 4 months of supply favors sellers, 4 to 6 months is balanced, and over 6 months favors buyers.

The $250,000 to $300,000 range is the tightest, with 2.6 months of supply and the most sales this year (513). Inventory from $300,000 to $350,000 is down 27% from a year ago. Sales from $350,000 to $400,000 are up 24.6% year to date. Above $800,000 there are 11 to 14 months of supply, so pricing matters most at the top end.

The last 12 months

The spring market peaked in May 2026, when 511 homes went under contract. Closings peaked at 441 in June. Median sale prices were highest in June ($327,900) and July ($329,000). For the full month-by-month table, read the best time to sell a house in Fargo-Moorhead.

Frequently asked questions

Is Fargo a buyer's or seller's market right now?

It's balanced overall, leaning toward sellers in the middle price ranges. In September 2026 the Fargo area had 4.1 months of supply. Homes from $200,000 to $350,000 had about 2.6 to 3.2 months, which favors sellers, while homes above $800,000 had 11 to 14 months, which favors buyers.

What is the median home price in Fargo?

The median sale price in the Fargo area was $320,000 in September 2026, up 4.9% from September 2025, according to NorthStar MLS. The year-to-date median through September was $314,900.

How fast are homes selling in Fargo?

The median home went under contract in 29 days in September 2026, down from 31 days a year earlier. The average was 65 days because overpriced listings that sit pull it up.

Are Fargo home prices going up?

Yes, modestly. The September 2026 median sale price of $320,000 was up 4.9% from a year earlier, and sellers received 99.2% of their final list price on average.

Talk with a local agent

Market-wide numbers won't price your home. I can pull the sales for your neighborhood. Call or text Joseph Haj at 218-688-0802 or get in touch.

Source: NorthStar MLS, Flexmls Market Summary, residential, Fargo area, September 2026, downloaded October 14, 2026. Data deemed reliable but not guaranteed.