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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coppell is a 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

$363,490

$195/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

-$121,510(-25.1%)

Key Takeaway

Homes in Coppell have sold for 25.1% less than they did a month ago.

Summary: The median home sold price in Coppell was $363,490 in August 2024, down 25.1% from last month, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 --
N/A
3 -$370.9K
N/A
4 $485K$355.9K
-26.6%
5+ --
N/A

Summary: Coppell housing prices by bedroom type for August 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 decreased by 26.6%, 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

Jul 2024Aug 2024CHANGE
1581580.0%

Summary: The Coppell real estate market had 158 homes for sale in August 2024, the same as July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 44
0.0%
3 5052
+4.0%
4 7275
+4.2%
5+ 3227
-15.6%

Summary: The Coppell housing inventory by bedroom type for August 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 4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 15.6%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
4133-19.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coppell, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 33 homes were sold or pending in Coppell in August 2024, down by 19.5% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% 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

Jul 2024Aug 2024CHANGE
21 Days29 Days+40.2%

Summary: Homes in Coppell had an average of 29 days on market in Aug 2024, up by 40.2% compared to last month.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 33 homes were sold in Coppell; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Coppell, TX

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