Brokers — List your Company Here
Featured local agent — Fargo, OK
Sarah Mitchell
Compass Real Estate · Fargo, OK
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Fargo, OK Housing Market
The typical home in Fargo, OK is worth $118,799, fell 2.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $30,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 177 days, Fargo is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $118,799 home is about $634/mo in principal and interest.
Key numbers for Fargo, OK
Typical home value
$118,799
-2.7% in 12 months
Zillow, August 2026
Median sale price
$30,000
Last published period
Redfin, through October 2024
Days on market
177
Slow-moving
Redfin, through October 2024
Active listings
1
1.0 months of supply
Redfin, through October 2024
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$67,188
Home costs 1.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
85.7%
Selling below asking
Redfin, through October 2024
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 Fargo a buyer's or seller's market?
Fargo, OK is a balanced market, based on 1.0 months of supply and homes selling in about 177 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Fargo housing market data show?
Every row below is Redfin's final published month for Fargo, OK. Redfin, through October 2024
| Metric | Value |
|---|---|
| Median sale price | $30,000 |
| Median list price | $93,000 |
| Median price per sq ft | $31/sq ft |
| Median days on market | 177 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 85.7% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Balanced 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 Fargo is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Fargo 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 Fargo home prices moved?
Across the 9 months we hold for Fargo, OK, the median sale price fell 72.7%, from $109,900 in April 2021 to $30,000. The live Zillow value series has fell 2.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 85.7%. Watch those two together — they move before the median does.
Redfin, through October 2024 — the chart ends at Redfin's final published month.
Get Fargo market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Fargo?
Priced off the typical home value of $118,799 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% | $23,760 | $95,039 | $634/mo |
| 5% | $5,940 | $112,859 | $753/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 $634, that implies roughly $27,181 a year before you add taxes and insurance. The median household in Fargo earns $67,188, about $40,007 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 1.8x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Fargo in the next 12 months?
Tell us your timeline. We send the Fargo 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 Fargo?
Zillow does not publish a rent index (ZORI) for Fargo, OK, 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 Fargo?
Active listings in Fargo, OK went from 2 in April 2021 to 1 in October 2024, a -50.0% 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 |
|---|---|---|
| April 2021 | 2 | 1 |
| June 2021 | 1 | not published |
| March 2022 | 1 | not published |
| October 2024 | 1 | 1 |
Redfin, through October 2024
How does Fargo compare to Oklahoma and the U.S.?
Fargo homes sell for $30,000 — 89% below the Oklahoma median of $264,600. Against the national median of $410,700, Fargo runs 93% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Fargo, OK | $30,000 | not published | 177 days |
| Oklahoma statewide | $264,600 | +1.9% | 39 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through October 2024 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Fargo
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $119 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 $118,799 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 Fargo listing goes under contract in 177 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 85.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Fargo added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -2.7% 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 Fargo varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Fargo
There are currently 1 homes listed for sale in Fargo, Oklahoma. The median listing price is $93K.
Active listings
1
Homes on market
Median list price
$93K
Avg. days on market
177
Days until sale
New this week
1
Newly listed
Who lives in Fargo?
American Community Survey estimates for Fargo. U.S. Census ACS, 2023
Population
323
Households
101
Median income
$67,188/yr
Median age
32.6 years
Owner-occupied
83.2%
Median home value
$83,000
Median gross rent
$675/mo
Mean commute
19.1 min
83.2% of occupied homes in Fargo 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 $83,000 against Zillow's $118,799 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Fargo?
2 schools tracked · 219 students
The largest public schools serving Fargo, OK 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.
FARGO ES
Grades PK-8 · 154 students
FARGO HS
Grades 9-12 · 65 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 Fargo, OK?
Ordered by distance from Fargo, not by size. Compare Fargo side by side with any of them.
Fargo housing market FAQ
Is Fargo a buyer's or seller's market?
Fargo, OK is currently a balanced market. That read comes from 1.0 months of supply, homes going under contract in about 177 days, and sellers getting 85.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Fargo?
The typical home in Fargo, OK is worth $118,799 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $30,000, about $31 per square foot.
Is Fargo cheaper than the rest of Oklahoma?
Fargo's median sale price of $30,000 is 89% lower than the Oklahoma statewide median of $264,600, and 93% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Fargo?
Homes in Fargo, OK spent a median of 177 days on market before going under contract, versus 39 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Fargo?
At the current 30-year fixed rate of 7.03%, 20% down on a $118,799 home is about $634 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $27,181 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $67,188.
Are home prices rising in Fargo?
The typical home value in Fargo, OK fell 2.7% over the last 12 months, from $122,094 to $118,799 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Fargo?
Fargo 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 Fargo?
That depends on your timeline, not on a headline. What the data says today: Fargo, OK is a balanced market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Fargo, OK
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Fargo
Nearby markets
Get the Fargo market brief
Get the Fargo, OK market brief
One email: what homes are actually clearing at around $118,799, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.