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 Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ellis County, TX
How much do homes in Ellis County, TX cost?
Median Sold Price
$334,950
$226/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Ellis County have sold for 48.5% less than they did a month ago.
Summary: The median home sold price in Ellis County was $334,950 in April 2024, down 48.5% from last month, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $2.1M | $334.9K | -84.0% |
| 4 Bedrooms | $487.4K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Ellis County housing prices by bedroom type for April 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 84%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Ellis County, TX
How many homes are available in Ellis County, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,153 | 1,250 | +8.4% |
Summary: The Ellis County real estate market had 1,250 homes for sale in April 2024, a 8.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 408 | 454 | +11.3% |
| 4 Bedrooms | 568 | 602 | +6.0% |
| 5+ Bedrooms | 150 | 165 | +10.0% |
Summary: The Ellis County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 226 | 202 | -10.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 202 homes were sold or pending in Ellis County in April 2024, down by 10.6% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 Days | 64 Days | -3.5% |
Summary: Homes in Ellis County had an average of 64 days on market in Apr 2024, down by 3.5% compared to last month.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
65 Homes Were Sold
In 30 - 90 Days
49 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 April 2024, 202 homes were sold in Ellis County; 44% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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