Velva, ND Home Values & Market Trends
Real estate market trends reflect that there have been 8 transactions over the past year in Velva. The median value for residential home transactions that occurred over the previous year is $244,524. The number of current listings in Velva is 6, and the percentage of properties for sale in the city is 6.00%. Velva, ND currently has 3 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 6 properties for sale.
Velva, ND Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 58790 | $ 244,524 $ -- |
Housing Market Summary for Velva, ND
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $0 | $0 | - |
| Median Sold Price | $174.1K | $621K | 256.62% |
| Homes For Sale | 9 | 5 | -44.44% |
| Homes Sold | 3 | 4 | 33.33% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Velva, ND
Browse Homes in Velva, ND
Velva home values range from $62,992 to $730,836. The median estimated value of a home in Velva is $244,524. The median list price of a home is 0, and the total count of properties in the city is 14.
- Pre-ForeclosurePre-foreclosure homes account for 7.14% of all residential properties in Velva, ND with 58790 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Velva, ND; of that zips, the estimated home value for pre-foreclosure homes ranges from $314,614 in 58790 to the lowest home value of $314,614 in 58790.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Velva, ND ranges from the highest value of $371,260 in 58790 to the lowest value of $371,260 in 58790. Bank owned homes and properties account for 7.14% of properties in Velva, ND. There is 1 zips within Velva, ND; 58790 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions58790 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Velva, ND. Auction homes and other auction properties account for 7.14% of all properties in Velva, ND. There is 1 zips within Velva, ND; of that zips, the median estimated home value for homes going to auction ranges from $209,539 in 58790 to the lowest value of $209,539 in 58790.
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Guide for Velva, ND
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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