Is Horace, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Horace has remained a Buyer's Market.
Key Takeaway
Horace is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Horace, ND
How much do homes in Horace, ND cost?
Median Sold Price
$346,416
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Horace have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Horace was $346,416 in March 2024, down 6.2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $304.9K | - | N/A |
| 3 Bedrooms | $306.1K | $302.5K | -1.2% |
| 4 Bedrooms | $380.1K | $380K | 0% |
| 5+ Bedrooms | $632.5K | $700K | +10.7% |
Summary: Horace housing prices by bedroom type for March 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 1.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Fargo | $274.1K | $281.6K | +2.7% |
| West Fargo | $317.2K | $325K | +2.4% |
| Stanley Township | $379K | $383.9K | +1.3% |
| Horace | $369.1K | $346.4K | -6.2% |
Housing Supply in Horace, ND
How many homes are available in Horace, ND?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 122 | 123 | +0.8% |
Summary: The Horace real estate market had 123 homes for sale in March 2024, a 0.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 38 | 34 | -10.5% |
| 4 Bedrooms | 70 | 74 | +5.7% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Horace housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Horace, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Horace in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 10% were sold under asking, 60% were sold at asking, and 30% were sold over asking.
Days on Market for Horace, ND
How long does it take to sell a home in Horace, ND?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 135 Days | 63 Days | -53.3% |
Summary: Homes in Horace had an average of 63 days on market in Mar 2024, down by 53.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Horace are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Horace; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
