75428 Home Values

Commerce is a college town built around East Texas A&M, and the housing stock reflects that split personality. Close to campus, you'll find duplexes, student rentals, and small brick homes from the 1950s through 1970s that have been gutted and fitted with granite and vinyl plank. Head east along FM 512 and the lots open up. The East Oak Creek subdivision brought Bloomfield Homes' new two-story construction starting in the low $300s.

Buyers are firmly in control here. Over a year's worth of inventory is sitting. New construction from Bloomfield is applying steady downward pressure on resale homes. The rental market is saturated too, with landlords offering move-in specials and reduced deposits just to fill units.

If you're selling a standard three-bedroom in town, your competition is builder inventory with incentive packages. Price below the nearest Bloomfield comparable or expect to sit. Sellers with acreage have a different audience -- lead with the land, not the house. For rental property owners considering an exit, the current oversupply makes holding more attractive than selling into a soft investor market.