Is Ellis County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ellis County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Ellis County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Ellis County, TX

How much do homes in Ellis County, TX cost?

Median Sold Price

$460,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$31,975(+7.5%)

Key Takeaway

Homes in Ellis County have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Ellis County was $460,000 in March 2024, up 7.5% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 -$610K
N/A
3 $428K$403K
-5.8%
4 $300K$674.9K
+125.0%
5+ $677.5K-
N/A

Summary: Ellis County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 125%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Ellis County
+7.5%
Dallas County
+1.4%

Housing Supply in Ellis County, TX

How many homes are available in Ellis County, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,0501,167+11.1%

Summary: The Ellis County real estate market had 1,167 homes for sale in March 2024, a 11.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 44
0.0%
2 2226
+18.2%
3 377418
+10.9%
4 523571
+9.2%
5+ 124148
+19.4%

Summary: The Ellis County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 19.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
159213+34.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ellis County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 213 homes were sold or pending in Ellis County in March 2024, up by 34.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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

Mar 2023Mar 2024CHANGE
70 Days66 Days-5.3%

Summary: Homes in Ellis County had an average of 66 days on market in Mar 2024, down by 5.3% compared to last year.

Breakdown of Home Sale Times

87 Homes Were Sold
Under 30 Days

63 Homes Were Sold
In 30 - 90 Days

63 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 213 homes were sold in Ellis County; 41% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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 20 Days Ago

Newest Listings in Ellis County, TX

Nearby Markets to Ellis County, TX

What housing markets are near Ellis County, TX?