Is Horace, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Horace was a Seller'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
$344,966
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Horace have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Horace was $344,966 in May 2024, down 5.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $304.9K | $327K | +7.2% |
| 3 Bedrooms | $309.8K | $295.9K | -4.5% |
| 4 Bedrooms | $377.6K | $379K | 0.4% |
| 5+ Bedrooms | $650K | $700K | +7.7% |
Summary: Horace housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
| West Fargo | $325K | $329.9K | +1.5% |
| Fargo | $279.5K | $281.3K | +0.6% |
| Stanley Township | $384.8K | $369.9K | -3.9% |
| Horace | $365.2K | $344.9K | -5.5% |
Housing Supply in Horace, ND
How many homes are available in Horace, ND?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 293 | 318 | +8.5% |
Summary: The Horace real estate market had 318 homes for sale in May 2024, a 8.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 125 | 131 | +4.8% |
| 4 Bedrooms | 137 | 158 | +15.3% |
| 5+ Bedrooms | 26 | 24 | -7.7% |
Summary: The Horace housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 32 | -8.6% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Horace, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Horace in May 2024, down by 8.6% month-over-month. Of the 32 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Horace are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Horace; 28% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
