Is Terrell Heights, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Terrell Heights is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Terrell Heights has remained a Seller's Market.

Key Takeaway

Terrell Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Terrell Heights, TX

How much do homes in Terrell Heights, TX cost?

Median Sold Price

$258,995

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$111,005(-30.0%)

Key Takeaway

Homes in Terrell Heights have sold for 30% less than they did a year ago.

Summary: The median home sold price in Terrell Heights was $258,995 in September 2024, down 30% from last year, and the median price per square foot was $257.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $132.4K$149K
+12.5%
2 $242.5K$240K
-1.0%
3 $402.5K$391K
-2.9%
4 $520K$553.5K
+6.4%
5+ --
N/A

Summary: Terrell Heights housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Northridge Park
+1.4%
Wilshire Village
-12.3%
Terrell Heights
-30.0%

Housing Supply in Terrell Heights, TX

How many homes are available in Terrell Heights, TX?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2227+22.7%

Summary: The Terrell Heights real estate market had 27 homes for sale in September 2024, a 22.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 810
+25.0%
3 1012
+20.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Terrell Heights housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Terrell Heights, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Terrell Heights in September 2024, up by 150.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Terrell Heights, TX

How long does it take to sell a home in Terrell Heights, TX?

Average Sale Time

Sep 2023Sep 2024CHANGE
47 Days67 Days+42.2%

Summary: Homes in Terrell Heights had an average of 67 days on market in Sep 2024, up by 42.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Terrell Heights has remained consistent over time.

Summary: During September 2024, 5 homes were sold in Terrell Heights; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 17 Days Ago

Newest Listings in Terrell Heights, TX

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