Is Ellis County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ellis County is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Ellis County was a Neutral Market.

Key Takeaway

Ellis County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ellis County, TX

How much do homes in Ellis County, TX cost?

Median Sold Price

$446,849

$197/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$53,849(+13.7%)

Key Takeaway

Homes in Ellis County have sold for 13.7% more than they did a month ago.

Summary: The median home sold price in Ellis County was $446,849 in November 2024, up 13.7% from last month, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $393K$446.8K
+13.7%
5+ --
N/A

Summary: Ellis County housing prices by bedroom type for November 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 did not change, 4 bedroom homes increased by 13.7%, 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

Oct 2024Nov 2024CHANGE
1,3821,309-5.3%

Summary: The Ellis County real estate market had 1,309 homes for sale in November 2024, a 5.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 3833
-13.2%
3 482457
-5.2%
4 669633
-5.4%
5+ 191184
-3.7%

Summary: The Ellis County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.2%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 3.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
226167-26.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ellis County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 167 homes were sold or pending in Ellis County in November 2024, down by 26.1% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Ellis County, TX

How long does it take to sell a home in Ellis County, TX?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ellis County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 167 homes were sold in Ellis County; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Ellis County, TX

Nearby Markets to Ellis County, TX

What housing markets are near Ellis County, TX?