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Featured local agent — Hankinson, ND
Sarah Mitchell
Compass Real Estate · Hankinson, ND
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hankinson, ND Housing Market
The typical home in Hankinson, ND is worth $169,961, fell 0.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $180,000 (through May 2026). With 2.0 months of supply and homes going under contract in about 24 days, Hankinson is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $169,961 home is about $907/mo in principal and interest.
Key numbers for Hankinson, ND
Typical home value
$169,961
-0.8% in 12 months
Zillow, August 2026
Median sale price
$180,000
Last published period
Redfin, through May 2026
Days on market
24
Average pace
Redfin, through May 2026
Active listings
2
2.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$66,250
Home costs 2.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.3%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Hankinson a buyer's or seller's market?
Hankinson, ND is a seller's market, based on 2.0 months of supply and homes selling in about 24 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Hankinson housing market data show?
Every row below is Redfin's final published month for Hankinson, ND. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $180,000 |
| Median price per sq ft | $118/sq ft |
| Median days on market | 24 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 97.3% |
| Homes sold (that month) | 1 |
| Listings with a price cut | 50.0% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Hankinson is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Hankinson is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Hankinson home prices moved?
Over the last three years the median sale price in Hankinson, ND rose 107.5%, from $86,750 to $180,000. The live Zillow value series has fell 0.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 50.0% of Hankinson listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 97.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Hankinson?
Priced off the typical home value of $169,961 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $33,992 | $135,969 | $907/mo |
| 5% | $8,498 | $161,463 | $1,077/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $907, that implies roughly $38,886 a year before you add taxes and insurance. The median household in Hankinson earns $66,250, about $27,364 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.6x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Hankinson in the next 12 months?
Tell us your timeline. We send the Hankinson market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Hankinson?
Zillow does not publish a rent index (ZORI) for Hankinson, ND, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Hankinson?
Active listings in Hankinson, ND went from 10 in September 2024 to 2 in May 2026, a -80.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| October 2024 | 8 | not published |
| November 2024 | 8 | not published |
| April 2025 | 9 | 2 |
| June 2025 | 6 | 1 |
| July 2025 | 6 | 3 |
| September 2025 | 6 | 2 |
| October 2025 | 5 | not published |
| November 2025 | 4 | 1 |
| January 2026 | 3 | not published |
| February 2026 | 3 | not published |
| April 2026 | 2 | not published |
| May 2026 | 2 | not published |
Redfin, through May 2026
How does Hankinson compare to North Dakota and the U.S.?
Hankinson homes sell for $180,000 — 42% below the North Dakota median of $311,200. Against the national median of $410,700, Hankinson runs 56% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Hankinson, ND | $180,000 | not published | 24 days |
| North Dakota statewide | $311,200 | +6.0% | 44 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Hankinson
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 50.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $170 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $169,961 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Hankinson listing goes under contract in 24 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved -0.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Hankinson varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Hankinson
There are currently 2 homes listed for sale in Hankinson, North Dakota.
Active listings
2
Homes on market
Avg. days on market
24
Days until sale
How much do homes cost in Hankinson by property type?
How the Hankinson, ND market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $180,000 | $118/sq ft | 1 | 24 days |
Who lives in Hankinson?
American Community Survey estimates for Hankinson. U.S. Census ACS, 2023
Population
768
Households
324
Median income
$66,250/yr
Median age
45.4 years
Owner-occupied
87.0%
Median home value
$100,700
Median gross rent
$533/mo
Mean commute
22 min
87.0% of occupied homes in Hankinson are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $100,700 against Zillow's $169,961 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Hankinson?
2 schools tracked · 243 students
The largest public schools serving Hankinson, ND by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
HANKINSON ELEMENTARY SCHOOL
Grades PK-6 · 132 students
HANKINSON HIGH SCHOOL
Grades 7-12 · 111 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Hankinson, ND?
Ordered by distance from Hankinson, not by size. Compare Hankinson side by side with any of them.
Hankinson housing market FAQ
Is Hankinson a buyer's or seller's market?
Hankinson, ND is currently a seller's market. That read comes from 2.0 months of supply, homes going under contract in about 24 days, and sellers getting 97.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Hankinson?
The typical home in Hankinson, ND is worth $169,961 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $180,000, about $118 per square foot.
Is Hankinson cheaper than the rest of North Dakota?
Hankinson's median sale price of $180,000 is 42% lower than the North Dakota statewide median of $311,200, and 56% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Hankinson?
Homes in Hankinson, ND spent a median of 24 days on market before going under contract, versus 44 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Hankinson?
At the current 30-year fixed rate of 7.03%, 20% down on a $169,961 home is about $907 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $38,886 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $66,250.
Are home prices rising in Hankinson?
The typical home value in Hankinson, ND fell 0.8% over the last 12 months, from $171,335 to $169,961 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Hankinson?
Hankinson ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Hankinson?
That depends on your timeline, not on a headline. What the data says today: Hankinson, ND is a seller's market with 2.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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