$25,000
0.51 Acres
Land
Stephanie Tully, Listing Office: LPT 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 December 2023
Since last year, 75862 has remained a Buyer's 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
$210,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$21,000(+11.1%)
Key Takeaway
Homes in 75862 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 75862 was $210,000 in December 2024, up 11.1% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $79K | +12.9% |
| 2 Bedrooms | $134.8K | $149.2K | +10.7% |
| 3 Bedrooms | $239K | $220K | -7.9% |
| 4 Bedrooms | $247K | $322.5K | +30.6% |
| 5+ Bedrooms | $600K | $260K | -56.7% |
Summary: 75862 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes decreased by 56.7%.
Housing Supply in 75862, TX
How many homes are available in 75862, TX?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 119 | 125 | +5.0% |
Summary: The 75862 real estate market had 125 homes for sale in December 2024, a 5.0% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 25 | 28 | +12.0% |
| 3 Bedrooms | 74 | 74 | 0.0% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 75862 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 75862, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 75862 in December 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 49 Days | 160 Days | +227.1% |
Summary: Homes in 75862 had an average of 160 days on market in Dec 2024, up by 227.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 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 December 2024, 5 homes were sold in 75862; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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