$17,500
0.34 Acres
Land
Glenda Johnson, Listing Office: Country World Realty, LLC
Is 75862, TX 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, 75862 was a Neutral Market.
Key Takeaway
75862 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 75862, TX
How much do homes in 75862, TX cost?
Median Sold Price
$215,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+7.5%)
Key Takeaway
Homes in 75862 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 75862 was $215,000 in October 2024, up 7.5% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83K | $69.5K | -16.3% |
| 2 Bedrooms | $141K | $150K | +6.4% |
| 3 Bedrooms | $239K | $240K | 0.4% |
| 4 Bedrooms | $239K | $300K | +25.5% |
| 5+ Bedrooms | $600K | $244.9K | -59.2% |
Summary: 75862 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes decreased by 59.2%.
Housing Supply in 75862, TX
How many homes are available in 75862, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 144 | 152 | +5.6% |
Summary: The 75862 real estate market had 152 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 30 | 33 | +10.0% |
| 3 Bedrooms | 84 | 89 | +6.0% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 75862 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 75862, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 75862 in October 2024, up by 54.5% month-over-month. Of the 16 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for 75862, TX
How long does it take to sell a home in 75862, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 102 Days | +112.8% |
Summary: Homes in 75862 had an average of 102 days on market in Oct 2024, up by 112.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 75862 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 17 homes were sold in 75862; 24% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
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