Bismarck, ND - House Price Index (HPI)
Bismarck Real Estate Market Forecast
The House Price Index (HPI) shows changes in Bismarck, ND single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
Bismarck Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1001.56
1st Quarter, 2018 Housing Statistics: Bismarck, North Dakota


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      92%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Bismarck housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Bismarck is 92%. In other words, when tested against historical
data, the forecasting methodology was correct 92% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Bismarck is 92% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Bismarck
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      95%

The forecast for the trend in the Bismarck housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Bismarck is 95%. In other words, when tested against historical
data, the forecasting methodology was correct 95% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Bismarck is 95% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Bismarck
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Bismarck, North Dakota


Historical Home Price Appreciation
Last Quarter                                     0.29%
Last Year . . . . . . . . . . . . . . . . . . . .  0.5%
Last 5 Years                                     24%
Last 10 Years . . . . . . . . . . . . . . . . . 52%
Last 20 Years                                   157%
Decline From All Time High               0.69%


Annual Home Price Appreciation Rates
1988      -2.20%
1989      1.91%
1990      2.94%
1991      3.15%
1992      4.74%
1993      5.59%
1994      5.81%
1995      5.42%
1996      1.87%
1997      3.08%
1998      5.33%
1999      0.93%
2000      4.94%
2001      4.06%
2002      6.10%
2003      3.35%
2004      8.30%
2005      8.03%
2006      7.12%
2007      6.01%
2008      2.16%
2009      -0.07%
2010      1.80%
2011      4.62%
2012      13.71%
2013      10.94%
2014      6.10%
2015      5.39%
2016      0.73%
2017      -0.22%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.29%         Rank: 262 of 381 (31st Percentile)
Last Year  . . . . . . . . . . . . . . . .  0.5%           Rank: 358 of 381 (6th Percentile)
Last 5 Years                              24%            Rank: 151 of 381 (60th Percentile)
Last 10 Years  . . . . . . . . . . . .   52%            Rank: 9 of 381 (97th Percentile)
Last 20 Years                            157%          Rank: 33 of 379 (91st Percentile)
Decline From All Time High        0.69%

The change in home prices for Bismarck, ND are shown above for five time
periods. For example: Bismarck appreciated 0.29% in the Last Quarter. At that
rate, the Bismarck Real Estate Market was ranked 262nd out of 381
metropolitan Real Estate Markets. Bismarck was in the 31st percentile. So
Bismarck, ND performed better in the Last Quarter than 31% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Bismarck, North Dakota

The all time high in the Bismarck Home Price Index was 288.4 in the 3rd
Quarter, of 2017. The 1st Quarter, 2018 index value was 286.4. That's a
decline of 1.99 points or 0.69% below the Bismarck Home Price Index all time
high.  The Home Price Index indicates that the Bismarck Market is up 52% over
the last 10 years. Home prices in the Bismarck Real Estate Market have gained
0.52% over the last 12 months. Over the last thirty years, it is up 249%.

The 1st Quarter index value was 0.83 points higher than the 4th Quarter, 2017
index value of 285.53, resulting in a 0.29% rise in the 1st Quarter for the
Bismarck Market.

The Bismarck Home Price Index increased in the last quarter after falling in the
previous quarter. The current record holders for consecutive increases in the
Home Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with
increases in the last 27 consecutive quarters. The current record holders for
consecutive declines in the Home Price Index are Tallahassee, FL; Syracuse,
NY; Sioux City, IA; Shreveport, LA and Peoria, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Bismarck Real Estate
Market was 14% in the twelve months ended with the 3rd Quarter of 2013. The
worst annual change in home values  in the Bismarck Market was -4% in the
twelve months ended with the 1st Quarter of 1989.

The highest growth in home values in the Bismarck Real Estate Market over a
three year period was 34% in the three years ended with the 1st Quarter of
2015. The worst performance over a three year period in the Bismarck Market
was -1% in the three years ended with the 3rd Quarter of 1989.

This page provides a long term graph of the Bismarck Home Price Index
(above). For information about North Dakota home values, click Real Estate
Market Forecasts in the navigation bar at the top of this page.  You'll see long
term charts and analysis that will provide tremendous insight into the historical
trends of residential property values. Bookmark this page! Then
LittleBigHomes.com's detailed research and statistics about Bismarck Home
Prices will be at your fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Bismarck Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Bismarck Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: Bismarck, North Dakota

The trend of Bismarck Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 1st Quarter of 2018, Bismarck Home Prices had a rank of 262, with
appreciation of 0.29%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Bismarck Home Prices had a rank of 358, with
appreciation during the year of 0.52%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Bismarck Home Prices
ranked 151, with a total appreciation of 23.8%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Bismarck Home Prices
had a rank of 9, with appreciation during the decade of 52%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Bismarck Home Prices
had a rank of 33, with total growth over the 20 year period of 157%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Bismarck Real Estate
Market is available back to the 4th Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Bismarck. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Monday, June 11, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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