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Featured local agent — Ray, ND
Sarah Mitchell
Compass Real Estate · Ray, ND
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Ray, ND Housing Market & Real Estate
Housing market overview · Updated monthly ·
$243,000median sale price
How is the Ray, ND housing market right now?
The median home sale price in Ray, ND is $243,000. Homes sell in an average of 4 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Ray a buyer's or seller's market?
Ray, ND is currently a balanced market and homes selling in about 4 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
4
Fast-moving
Active listings
—
Sale-to-list
81.3%
Below asking
What does the Ray housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $243,000 |
| Average days on market | 4 days |
| Sale-to-list price ratio | 81.3% |
| Median price per sq ft | $123/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Ray by property type?
How the Ray, ND market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $243,000 | $123/sq ft | 1 | 4 days |
Source: Redfin · Updated monthly
The Ray housing market is currently classified as a balanced market with a median sale price of $243,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 4 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Homes for sale in Ray
Explore homes currently listed for sale in Ray, North Dakota across major real estate platforms.
Who lives in Ray?
Population
762
Median income
$69,792/yr
Median age
31.8 years
Owner-occupied
59.0%
College grads
14.2%
Avg commute
28.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Ray?
Zillow home value
$221,321
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Ray?
Ray is a community of approximately 1K residents with a median age of 31.8 years.The median household income is $69,792, which represents a working-class community with solid middle-income opportunities. 14.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 59.0%, showing a blend of owner and renter-occupied properties. The average commute time is 28.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Ray offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Ray?
2 schools tracked · 445 students
The largest public schools serving Ray, 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.
RAY ELEMENTARY SCHOOL
Grades PK-8 · 327 students
RAY HIGH SCHOOL
Grades 9-12 · 118 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 Ray, ND?
Want a head-to-head view? Compare Ray side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Ray?
The median home sale price in Ray is $243,000, down 0.0% from last year.
How long do homes stay on market in Ray?
Homes typically spend 4 days on market before going under contract.
What is the median income in Ray?
The median household income is $69,792 per year.
What is the Zillow home value estimate for Ray?
The Zillow Home Value Index (ZHVI) for Ray is $221,321, representing the typical home value in the area.
How much does a single-family home cost in Ray?
The median single-family home price in Ray, ND is $243,000 (about $123 per square foot).
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