No Tax on Home Sales Act: A Game-Changer for Fargo-Moorhead Home Sellers in 2025

By Christopher Leigh | July 14, 2025

A proposed bill, the No Tax on Home Sales Act, could eliminate federal capital gains taxes on primary home sales, offering significant relief for Fargo-Moorhead homeowners. Introduced by U.S. Rep. Marjorie Taylor Greene, this legislation aims to put more money in sellers’ pockets and boost the local housing market. Learn how this could impact you and explore Fargo-Moorhead homes for sale with Team Vision Realty.

What Is the No Tax on Home Sales Act?

The No Tax on Home Sales Act, introduced on July 10, 2025, seeks to eliminate federal capital gains taxes on the sale of primary residences. Currently, single filers face a 20% tax on profits exceeding $250,000 ($500,000 for couples), which affects 31% of U.S. homeowners, including many in Fargo-Moorhead. “This bill is a gift to homeowners,” says Christopher Leigh of Team Vision Realty. “It could free up inventory and make selling easier in our market.”

In Fargo-Moorhead, where median home prices are $387,160 in West Fargo and $299,098 in Moorhead, longtime homeowners often exceed the exclusion limit due to decades of appreciation. For example, a retiree selling a $400,000 home in West Fargo with $150,000 in taxable gains could face a $30,000 tax bill. This bill would let them keep that money.

Expert Tip: “Sellers in Fargo-Moorhead could benefit significantly if this passes,” says Christopher. “Get a free home valuation to understand your equity now.”

• What to Do for Sellers:
  • Check your home’s current value with a free valuation.
  • Monitor updates on the bill’s progress through reputable sources.
  • List with Team Vision Realty to prepare for a potential market surge.

How It Impacts Fargo-Moorhead Homeowners

The Fargo-Moorhead housing market is balanced, with 784 active listings (up 28% year-over-year) and homes spending a median of 90 days on the market. However, 17% of West Fargo listings and 15% of Moorhead listings see price cuts, reflecting buyer selectivity. The proposed bill could encourage more homeowners, especially retirees in neighborhoods like Southdale Farms, Horace, to sell without tax penalties, increasing inventory.

Seniors, who make up 31% of those exceeding the $250,000 exclusion, could use the savings for retirement or healthcare costs. “This could unlock homes in Prairie Meadows, Moorhead,” says Christopher, noting that 568 homes sold in West Fargo and 216 in Moorhead last year.

Expert Tip: “If the bill passes, list early to capitalize on increased buyer interest,” says Christopher. “Contact us to strategize.”

• What to Do for Sellers:
  • Explore Fargo-Moorhead homes for sale to understand market trends.
  • Consider offering incentives like closing cost coverage.
  • Work with Team Vision Realty for expert pricing and marketing.

Benefits for Buyers in Fargo-Moorhead

If passed, the bill could increase inventory, giving buyers more options in subdivisions like The Wilds, West Fargo. A $300,000 home in Moorhead at 6.8% interest has a monthly payment of about $1,565, affordable on a $74,643 income using the 50/30/20 rule.

Expert Tip: “Buyers should get pre-approved now,” says Christopher. “More inventory could mean better deals.”

• What to Do for Buyers:
  • Use our Mortgage Calculator to estimate payments.
  • Get pre-approved for FHA or conventional loans.
  • Tour neighborhoods like The Wilds or Prairie Meadows.

Getting Started in Fargo-Moorhead

Ready to navigate the Fargo-Moorhead housing market? Here’s how to begin:

1. Assess Your Equity: Get a free home valuation to estimate potential savings.
2. Explore Financing: Work with a lender for FHA or conventional loans (avoid USDA in Moorhead).
3. Tour Neighborhoods: Visit subdivisions like Southdale Farms or The Wilds.
4. Stay Informed: Follow updates on the bill’s status.
5. Partner with Experts: Team Vision Realty, a member of the Fargo-Moorhead Area Association of REALTORS®, can guide you.

Conclusion

The No Tax on Home Sales Act could transform Fargo-Moorhead’s 2025 housing market by freeing sellers from capital gains taxes and boosting inventory. Whether selling or buying, now’s the time to act. Explore Fargo-Moorhead homes for sale, or contact Christopher Leigh using the form below or call +1(701) 715-4747 to seize this opportunity!

Contact Vision Realty in Fargo-Moorhead

Christopher Leigh, Broker
+1(701) 715-4747 | chris@visionrealty.us
509 Front St, Hawley, MN 56549