75152 Home Values

This zip code stretches across southern Ellis County where Palmer meets the outskirts of Ovilla, and the housing stock tells that story. You'll find double-wides on multi-acre tracts sitting a few roads over from brand-new four-bedroom plans in The Meadows at Palmer. Older brick ranches from the 70s and 80s line the established streets near downtown, many on half-acre-plus lots with outbuildings, workshops, and the occasional fishing pond. Scattered throughout are raw land parcels and build-ready lots waiting for someone to bring a floor plan or a manufactured home.

The negotiation gap in 75152 widened sharply in the most recent quarter, based on MLS data for 2026-05 closings. With nearly eight in ten transactions now including seller concessions — up from roughly six in ten over the trailing year — and average concession amounts climbing to around $13,000, sellers in this zip code gave back measurably more at the table than they did in earlier periods. Price per square foot held near $195, a modest premium over Ellis County's trailing average, while homes spent roughly 47 days on market before closing. The limited sample of around 19 closings this quarter suggests directional rather than definitive conclusions, but the concession data points consistently toward a market where buyer negotiating leverage is being exercised.

The pipeline in 75152 reflects a market adjusting to elevated supply conditions. With months of supply near seven and active listings holding steady at roughly 44 homes, the supply-to-demand balance remains tilted toward buyers. Pending contracts — around 16 — trail new listings by a wide margin, suggesting absorption has not kept pace with listing activity. Directionally, the data points toward continued buyer leverage heading into summer, consistent with Ellis County's broader pattern of soft demand relative to available inventory.