Housing Prices in Terrell, TX
How much do homes in Terrell, TX cost?
Median List Price
$315,000
$185/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Terrell has increased by 5.7% since last year.
Summary: The median home list price in Terrell was $315,000 in May 2024, up 5.7% from the previous year, and the median price per square foot was $185.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | - | N/A |
| 2 Bedrooms | $189.9K | $199.5K | +5.1% |
| 3 Bedrooms | $279.9K | $289.6K | +3.4% |
| 4 Bedrooms | $411.9K | $422.4K | +2.6% |
| 5+ Bedrooms | $499.9K | $700K | +40.0% |
Summary: Terrell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 40%.
Median List Price Compared To Nearby Cities
| Terrell | $297.9K | $315K | +5.7% |
| Oak Ridge | $444.4K | $468.9K | +5.5% |
| Terrell South | $437.3K | $449.4K | +2.8% |
Housing Supply in Terrell, TX
How many homes are available in Terrell, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 174 | 187 | +7.5% |
Summary: The Terrell real estate market had 187 homes for sale in May 2024, a 7.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 92 | 99 | +7.6% |
| 4 Bedrooms | 67 | 71 | +6.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Terrell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 14.3%.
Days on Market for Terrell, TX
How long does it take to sell a home in Terrell, TX?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 133 Days | 95 Days | -28.1% |
Summary: Homes in Terrell had an average listing age of 95 days in May 2024, down by 28.1% compared to the previous year.
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