Is Horace, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Horace has remained a Buyer's Market.
Housing Prices in Horace, ND
How much do homes in Horace, ND cost?
Median Sold Price
$345,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Horace was $345,000 in April 2024, down 5.5% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $304.9K | - | N/A |
3 Bedrooms | $305.5K | $297K | -2.8% |
4 Bedrooms | $379.4K | $375K | -1.2% |
5+ Bedrooms | $630K | $704.8K | +11.9% |
Summary: Horace housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
West Fargo | $319.9K | $327.9K | +2.5% |
Stanley Township | $375K | $383.9K | +2.4% |
Fargo | $275.1K | $279.9K | +1.7% |
Horace | $365K | $345K | -5.5% |
Housing Supply in Horace, ND
How many homes are available in Horace, ND?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
155 | 164 | +5.8% |
Summary: The Horace real estate market had 164 homes for sale in April 2024, a 5.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 54 | 63 | +16.7% |
4 Bedrooms | 85 | 83 | -2.4% |
5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Horace housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Horace in April 2024, up by 12.5% month-over-month. Of the 18 sold homes, 28% were sold under asking, 50% were sold at asking, and 22% were sold over asking.
Days on Market for Horace, ND
How long does it take to sell a home in Horace, ND?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Horace; 0% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.