Is Horace, ND 58047 a buyer’s or seller’s market?
Horace is a seller’s market. With about 3.8 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 55% of U.S. ZIP codes, and #10 of 20 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Horace housing market right now
In the three months ending August 31, 2026, 33% of homes in Horace, ND 58047 sold above their list price, the typical home went under contract in 75 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 78 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 36%, homes sold about as fast and the median sale price rose 19% to $387,757. Overall, Horace is less competitive than a year ago, which gives buyers more room.
Within Cass County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 62%. On our competition score, Horace ranks #10 of 20 ND ZIP codes with enough sales (score 54 out of 100).
Nearby, buyers who want less competition could look at Kindred 58051 (0% sold over asking) or Fingal 58031 (0% sold over asking), while Argusville 58005 (100% sold over asking) and Ayr 58007 (100% sold over asking) are even more competitive.
Run the numbers for 58047
Nearby markets
Argusville 58005 $189 /sq ftArthur 58006 — /sq ftAyr 58007 $310 /sq ftBuffalo 58011 — /sq ft Browse all markets →Towns like Horace nearby
Find towns like Horace in other states →Where Horace is
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Questions about Horace real estate
Is Horace a buyer’s or seller’s market?
A seller’s market: there were 3.8 months of supply in Horace, ND 58047 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Horace?
The typical home went under contract in 75 days in the latest three months.
Do homes in Horace sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 100.6% of the list price.
What are property taxes in Horace?
About 1.20% of a home’s value a year in Cass County, or roughly $4,800 on a $400,000 home.
What is the median home price in Horace?
The median sale price was $387,757 in the three months ending August 31, 2026, about $193 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology