Is Ellis County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Ellis County was a Seller's Market.
Key Takeaway
Ellis County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ellis County, TX
How much do homes in Ellis County, TX cost?
Median Sold Price
$326,200
$151/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Ellis County have sold for 36.6% less than they did a month ago.
Summary: The median home sold price in Ellis County was $326,200 in June 2024, down 36.6% from last month, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $615K | $294.4K | -52.1% |
| 4 Bedrooms | $477.3K | - | N/A |
| 5+ Bedrooms | - | $358K | N/A |
Summary: Ellis County housing prices by bedroom type for June 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 decreased by 52.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Ellis County | $514.9K | $326.2K | -36.6% |
| Johnson County | $863.2K | $313.3K | -63.7% |
Housing Supply in Ellis County, TX
How many homes are available in Ellis County, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,336 | 1,446 | +8.2% |
Summary: The Ellis County real estate market had 1,446 homes for sale in June 2024, a 8.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 30 | +15.4% |
| 3 Bedrooms | 474 | 502 | +5.9% |
| 4 Bedrooms | 657 | 712 | +8.4% |
| 5+ Bedrooms | 178 | 201 | +12.9% |
Summary: The Ellis County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 12.9%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 249 | 195 | -21.7% |
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 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 195 homes were sold or pending in Ellis County in June 2024, down by 21.7% 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 Ellis County, TX
How long does it take to sell a home in Ellis County, TX?
Average Sale Time
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 61 Days | 62 Days | +2.8% |
Summary: Homes in Ellis County had an average of 62 days on market in Jun 2024, up by 2.8% compared to last month.
Breakdown of Home Sale Times
96 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
42 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 June 2024, 195 homes were sold in Ellis County; 49% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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