$5,926 Closing Credit*
$499,000
1,495 SqFt
2 Beds
•2 Full Baths, 1 Partial
Abby Todd, Listing Office: Gann Medford Real Estate
Is 75901, 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, 75901 was a Seller's Market.
Key Takeaway
75901 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 75901, TX
How much do homes in 75901, TX cost?
Median Sold Price
$350,000
$166/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$10,000(+2.9%)
Key Takeaway
Homes in 75901 have sold for 2.9% more than they did a month ago.
Summary: The median home sold price in 75901 was $350,000 in October 2024, up 2.9% from last month, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $299K | $335K | +12.0% |
| 4 Bedrooms | $429.7K | $390K | -9.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 75901 housing prices by bedroom type for October 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 12%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 75901 | $340K | $350K | +2.9% |
| 75949 | $495K | $379.9K | -23.3% |
Housing Supply in 75901, TX
How many homes are available in 75901, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 38 | +18.8% |
Summary: The 75901 real estate market had 38 homes for sale in October 2024, a 18.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 75901 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
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 75901, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 75901 in October 2024, down by 50.0% 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 75901, TX
How long does it take to sell a home in 75901, TX?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 143 Days | +243.8% |
Summary: Homes in 75901 had an average of 143 days on market in Oct 2024, up by 243.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 75901 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in 75901; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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