It’s no secret that Texas the real estate market has been red hot throughout 2013, and even dating back into much of 2012. For Erath County homeowners, this could mean the ability to appreciate sale amounts on their homes that would not have been possible in the last five years, and if prices continue to trend up, it could also mean a great investment for Erath County homebuyers.
California-based Altos Research is one of the most-trusted third-party trackers of real estate market analytics, and while they don’t have official data on Stephenville or Erath County homes for sale, taking a look at nearby areas could give Erath County homeowners and prospective buyers an idea of how high-performing their local market might be. The following figures are from Altos’ July 22 reports.
Dallas homes had a median list price of $342,904. That was up about $75,000 from January of 2013. Dallas home for sale also had been on the market for an average of 111 days on market (DOM). Dallas’ market action index (MAI), which measures supply and demand factors, with a buyer’s market being under 30 and a seller’s market being over 30, came in at 38.1.
The median list price for Fort With homes was $152,500. These homes had a DOM of 101 and a MAI of 37.4.
Arlington saw a median list price of $169,900, much lower than Dallas but slightly higher than Fort Worth. Arlington homes had a DOM of 92 and an MAI of 42.3, numbers both more strongly in favor of sellers than either of the aforementioned cities.
This small city had a median list price of $154,700, with a low DOM of 70 and a high MAI of 47.2.
Kennedale had a median list price of $259,900 with a DOM of 89 and an MAI of 39.5
Denton saw a median list price of $197,500 and experienced a DOM of 106 and an MAI of 47.2.
Interested in hearing more about Erath County homes? Our team of local agents have vast experience covering the Erath County real estate market, and we would love to assist you in finding your Erath County dream home. Please contact us to get started.