Is 75851, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 75851 is a neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 75851 was a Seller's Market.

Key Takeaway

75851 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 75851, TX cost?

Median Sold Price

$199,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$38,000(+23.6%)

Key Takeaway

Homes in 75851 have sold for 23.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$1.0M
N/A
2 $130.5K$326K
+149.8%
3 $245K$193.5K
-21.0%
4 $110K$284K
+158.2%
5+ $1.2M-
N/A

Median Sold Price Compared To Nearby Zip Codes

75852
+185.2%
75835
+27.0%
75851
+23.6%
75862
+16.8%

How many homes are available in 75851, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
1513-13.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 32
-33.3%
3 44
0.0%
4 76
-14.3%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
02+100.0%

Asking Price vs. Sold Price

2 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 75851, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
103 Days44 Days-57.4%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 75851 are selling fast, if you're buying plan to act quickly.

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

About 75851, TX

Homes for sale in 75851, TX have reached 13. In October 2022 in 75851, TX there were 13.3% less homes for sale than in September 2022. In October 2022 median list price was $199,000 and the average listing age was 44 days. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 149.8%, prices of 3 bedrooms properties decreased by 21%, 4 bedrooms properties became 158.2% more expensive, the cost of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 33.3%, number of 3 bedrooms homes remained the same, the quantity of 4 bedrooms homes went down by 14.3%, the quantity of 5 bedrooms homes have not changed. In October 2022 more than 0 listings in 75851, TX were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below.