$4,287 Closing Credit*
$361,000
2,544 SqFt
5 Beds
•3 Full Baths
Anyiesa Johnson, Gloria Mays, Listing Office: Opendoor Brokerage, LLC
Is Ellis County, 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, 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
$432,400
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$22,600(-5.0%)
Key Takeaway
Homes in Ellis County have sold for 5% less than they did a year ago.
Summary: The median home sold price in Ellis County was $432,400 in October 2024, down 5% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $610K | N/A |
| 3 Bedrooms | $420K | $389K | -7.4% |
| 4 Bedrooms | $699.9K | $477.3K | -31.8% |
| 5+ Bedrooms | - | $358K | N/A |
Summary: Ellis County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 31.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Dallas County | $302.5K | $378.5K | +25.1% |
| Ellis County | $455K | $432.4K | -5.0% |
Housing Supply in Ellis County, TX
How many homes are available in Ellis County, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,409 | 1,448 | +2.8% |
Summary: The Ellis County real estate market had 1,448 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 42 | 40 | -4.8% |
| 3 Bedrooms | 475 | 495 | +4.2% |
| 4 Bedrooms | 708 | 717 | +1.3% |
| 5+ Bedrooms | 184 | 195 | +6.0% |
Summary: The Ellis County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 222 | 209 | -5.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellis County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 209 homes were sold or pending in Ellis County in October 2024, down by 5.9% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ellis County, TX
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 209 homes were sold in Ellis County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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