Bismarck, ND Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Bismarck, ND, Federal Housing Finance Agency (FHFA) house price index (HPI) is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same properties. The index covers single-family homes and condominiums in the nine U.S. Census divisions: New England, Middle Atlantic, South Atlantic, East South Central, West South Central, Mountain, Pacific Coast, and Alaska and Hawaii.

Bismarck's HPI value for 2019Q1 was 191.957; this value is 1.8 percent higher than the 2018Q4 HPI of 188.346 and 5.0 percent higher than the 2017Q1 HPI of 182.711. From 2017Q1 to 2019Q1, Bismarck's HPI increased by 5 percent.

In general, home prices in Bismarck have been increasing since 2013 Q2 when the FHFA began tracking data for this region specifically. However there was a slight decrease from 2015 Q3 to early 2016 but prices have been steadily increasing since then with only a few small decreases here and there until recently where it seems like prices might be plateauing or even decreasing very slightly as we move into 2019 Q2 according to recent data from Zillow .

The median home value in Bismarck is $217,700 as of June 2019 which is an increase of about 7% from last year at this time when it was $202,800 according to Zillow . Home values have been increasing pretty steadily over the past few years with only a few small dips here and there but nothing too significant until recently where it seems like they may be plateauing or even decreasing very slightly as we move into 2019 Q2 according to recent data from Zillow .

The median list price per square foot in Bismarck is $140 which is an increase of about 10% from last year at this time when it was $127 according to Zillow . List prices have been increasing pretty steadily over the past few years with only a few small dips here and there but nothing too significant until recently where it seems like they may be plateauing or even decreasing very slightly as we move into 2019 Q2 according to recent data from Zillow .

As far as home equity goes , The average homeowner gained $14,700 in equity over the past year , which is an increase of about 8%. And looking at longer term trends , homeowners in Bismarck have seen their equity increase by an average of $48,000 since 2013 , which is an increase of about 26%. So although home values may be plateauing or even decreasing slightly right now , homeowners are still seeing their equity increase thanks to the increases that we've seen over the past few years .