$5,149 Closing Credit*
$433,600
1,635 SqFt
3 Beds
•1 Full Bath
Listing Office: Beyond Realty
Is Horace, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Horace was a Neutral 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
$348,811
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,968(-3.6%)
Key Takeaway
Homes in Horace have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Horace was $348,811 in October 2024, down 3.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215.5K | N/A |
| 2 Bedrooms | - | $327K | N/A |
| 3 Bedrooms | $301.6K | $320K | +6.1% |
| 4 Bedrooms | $378.7K | $376.8K | -0.5% |
| 5+ Bedrooms | $709.6K | $621K | -12.5% |
Summary: Horace housing prices by bedroom type for October 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 decreased by 0.5%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Fargo | $279.6K | $295.7K | +5.7% |
| West Fargo | $325K | $335K | +3.1% |
| Horace | $361.7K | $348.8K | -3.6% |
| Stanley Township | $382.8K | $367.1K | -4.1% |
Housing Supply in Horace, ND
How many homes are available in Horace, ND?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 308 | 333 | +8.1% |
Summary: The Horace real estate market had 333 homes for sale in October 2024, a 8.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 136 | 155 | +14.0% |
| 4 Bedrooms | 128 | 136 | +6.3% |
| 5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The Horace housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 38 | +58.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Horace, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Horace in October 2024, up by 58.3% month-over-month. Of the 38 sold homes, 26% were sold under asking, 32% were sold at asking, and 42% 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
4 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 38 homes were sold in Horace; 24% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
