Williston, ND Housing Market Trends
With a population of 27,706, 11,216 total housing units (homes and apartments), and a median house value of $360,826, Williston real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Williston, accounting for 45.73% of the city's housing units. Other types of housing that are prevalent in Williston include single-family detached homes ( 38.58%), row houses and other attached homes ( 5.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.27%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
People in Williston primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Williston has a mixture of owner-occupied and renter-occupied housing.
Williston homes and real estate are some of the newest in America. 49.16% of Williston's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Williston real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 24.54%), and between 1940-1969 ( 19.27%). There's also some housing in Williston built before 1939 ( 7.03%).
Vacant housing appears to be an issue in Williston. Fully 24.58% of the housing stock is classified as vacant. Left unchecked, vacant Williston homes and apartments can be a drag on the real estate market, holding Williston real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Williston Home Appreciation Rates
Some of the lowest real estate appreciation rates in America over the last ten years have been in Williston, where house values have increased just 30.88%, which is annualized rate of 2.73%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Williston's appreciation rate, at 7.28%, has been at or slightly above the national average. In the latest quarter, Williston's appreciation rate has been 4.70%, which annualizes to a rate of 20.15%.
Importantly, NeighborhoodScout’s exclusive research found that Williston's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to North Dakota, our data show that Williston's latest annual appreciation rate is lower than 60% of the other cities and towns in North Dakota.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Williston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Williston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Williston real estate investment or home purchase decisions.
Median Home Value
$360,826
Very High
for North dakota
High
for nation
Number of Homes And Apartments:
11,216
ND
America
2024 Q3 - 2024 Q4
2023 Q4 - 2024 Q4
2022 Q4 - 2024 Q4
2019 Q4 - 2024 Q4
2014 Q4 - 2024 Q4
2000 Q1 - 2024 Q4
Average Market Rent:
$1,530 / per month