$4,749 Closing Credit*
$399,900
2,427 SqFt
4 Beds
•3 Full Baths
Listing Office: Aspire Realty
Is Horace, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$351,045
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,819(-1.6%)
Key Takeaway
Homes in Horace have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Horace was $351,045 in November 2024, down 1.6% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215.5K | N/A |
| 2 Bedrooms | - | $327K | N/A |
| 3 Bedrooms | $302.5K | $321K | +6.1% |
| 4 Bedrooms | $375K | $375K | 0.0% |
| 5+ Bedrooms | $700K | $619K | -11.6% |
Summary: Horace housing prices by bedroom type for November 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 increased by 6.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Cities
| Fargo | $281.2K | $297.8K | +5.9% |
| West Fargo | $325K | $339.3K | +4.4% |
| Stanley Township | $378.2K | $375K | -0.8% |
| Horace | $356.8K | $351K | -1.6% |
Housing Supply in Horace, ND
How many homes are available in Horace, ND?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 314 | 290 | -7.6% |
Summary: The Horace real estate market had 290 homes for sale in November 2024, a 7.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 150 | 136 | -9.3% |
| 4 Bedrooms | 125 | 117 | -6.4% |
| 5+ Bedrooms | 34 | 32 | -5.9% |
Summary: The Horace housing inventory by bedroom type for November 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 9.3%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 13 | -69.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Horace, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Horace in November 2024, down by 69.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 78 Days | 52 Days | -32.4% |
Summary: Homes in Horace had an average of 52 days on market in Nov 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 13 homes were sold in Horace; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
