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Featured local agent — Velva, ND
Sarah Mitchell
Compass Real Estate · Velva, ND
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Velva, ND Housing Market & Real Estate
Housing market overview · Updated monthly ·
$170,000median sale price
How is the Velva, ND housing market right now?
The median home sale price in Velva, ND is $170,000. Homes sell in an average of 40 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Velva a buyer's or seller's market?
Velva, ND is currently a seller's market, based on 0.3 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
40
Average pace
Active listings
1
0.3 months supply
Sale-to-list
92.5%
Below asking
What does the Velva housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $170,000 |
| Median list price | $170,000 |
| Average days on market | 40 days |
| Active inventory | 1 listings |
| Months of supply | 0.3 months |
| Sale-to-list price ratio | 92.5% |
| Median price per sq ft | $81/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 2 |
| Listings with a price cut | 100.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Velva by property type?
How the Velva, 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 | $154,950 | $74/sq ft | 2 | 28 days |
| Townhouse | $245,000 | $96/sq ft | 1 | 280 days |
Source: Redfin · Updated monthly
The Velva housing market is currently classified as a seller's market with a median sale price of $170,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 40 days on market, indicating 0.3 months of inventory.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 2.7x provides context for how home values compare to local earning capacity.
Homes for sale in Velva
There are currently 1 homes listed for sale in Velva, North Dakota. The median listing price is $170K.
Active listings
1
Homes on market
Median list price
$170K
Avg. days on market
40
Days until sale
New this week
2
Newly listed
Who lives in Velva?
Population
997
Median income
$81,354/yr
Median age
35.1 years
Owner-occupied
75.5%
College grads
20.1%
Avg commute
22.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Velva?
Zillow home value
$221,041
Price-to-income
2.7x
Source: Zillow Research
What is it like to live in Velva?
Velva is a community of approximately 1K residents with a median age of 35.1 years.The median household income is $81,354, which reflects a relatively affluent area with strong earning potential. 20.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 75.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Velva offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Velva?
2 schools tracked · 437 students
The largest public schools serving Velva, 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.
VELVA ELEMENTARY SCHOOL
Grades PK-6 · 227 students
VELVA HIGH SCHOOL
Grades 7-12 · 210 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 Velva, ND?
Want a head-to-head view? Compare Velva side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Velva?
The median home sale price in Velva is $170,000, down 0.0% from last year.
How long do homes stay on market in Velva?
Homes typically spend 40 days on market before going under contract.
What is the median income in Velva?
The median household income is $81,354 per year.
Is Velva a buyer's or seller's market?
With 0.3 months of supply, Velva is currently a seller's market.
What is the Zillow home value estimate for Velva?
The Zillow Home Value Index (ZHVI) for Velva is $221,041, representing the typical home value in the area.
How much does a single-family home cost in Velva?
The median single-family home price in Velva, ND is $154,950 (about $74 per square foot).
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