Is Coppell, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Coppell has remained a Seller's Market.
Key Takeaway
Coppell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coppell, TX
How much do homes in Coppell, TX cost?
Median Sold Price
$446,500
$212/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Coppell have sold for 12.5% more than they did a month ago.
Summary: The median home sold price in Coppell was $446,500 in May 2024, up 12.5% from last month, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $397K | $412K | +3.8% |
| 4 Bedrooms | - | $481K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Coppell housing prices by bedroom type for May 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 3.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Coppell, TX
How many homes are available in Coppell, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 128 | 161 | +25.8% |
Summary: The Coppell real estate market had 161 homes for sale in May 2024, a 25.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 41 | 50 | +22.0% |
| 4 Bedrooms | 50 | 72 | +44.0% |
| 5+ Bedrooms | 32 | 34 | +6.3% |
Summary: The Coppell housing inventory by bedroom type for May 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 22%, 4 bedroom homes increased by 44%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 31 | -39.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coppell, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Coppell in May 2024, down by 39.2% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Coppell, TX
How long does it take to sell a home in Coppell, TX?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 38 Days | +91.5% |
Summary: Homes in Coppell had an average of 38 days on market in May 2024, up by 91.5% compared to last month.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coppell are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 31 homes were sold in Coppell; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved.