Is Ellis County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Ellis County was a Seller's Market.
Key Takeaway
Ellis County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ellis County, TX
How much do homes in Ellis County, TX cost?
Median Sold Price
$514,900
$233/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Ellis County have sold for 53.7% more than they did a month ago.
Summary: The median home sold price in Ellis County was $514,900 in May 2024, up 53.7% from last month, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $334.9K | $615K | +83.6% |
| 4 Bedrooms | - | $477.3K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Ellis County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 83.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Ellis County, TX
How many homes are available in Ellis County, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,233 | 1,376 | +11.6% |
Summary: The Ellis County real estate market had 1,376 homes for sale in May 2024, a 11.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 27 | 29 | +7.4% |
| 3 Bedrooms | 444 | 488 | +9.9% |
| 4 Bedrooms | 602 | 679 | +12.8% |
| 5+ Bedrooms | 158 | 178 | +12.7% |
Summary: The Ellis County 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 increased by 7.4%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 12.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 219 | 227 | +3.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ellis County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 227 homes were sold or pending in Ellis County in May 2024, up by 3.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Ellis County, TX
How long does it take to sell a home in Ellis County, TX?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 Days | 61 Days | -2.5% |
Summary: Homes in Ellis County had an average of 61 days on market in May 2024, down by 2.5% compared to last month.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
52 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellis County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 227 homes were sold in Ellis County; 48% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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