Bells Home Values

Bells closings moved faster this quarter, with the median time to close narrowing to roughly two months — a pace that, with just twenty transactions in the trailing quarter, the limited sample suggests is real but still merits caution. Price per square foot landed near $183, close to the county's $173 mark and a narrower premium than earlier this year. The median sale price eased to about $313,000, down from the trailing year's $340,000, even as sellers held onto close to 96 cents on the dollar — slightly ahead of Grayson County's rate. Concessions appeared in roughly a third of deals, based on MLS data for 2026-07 closings in Bells.

Pending contracts in Bells have thinned for a third straight period, sliding to just five against eighty active listings — a gap that, with the county's own pending count also thin relative to its inventory, points to a metro-wide slowdown rather than a Bells-specific one. New listings pace slowed to roughly two dozen this quarter, down sharply from earlier this year, even as months of supply eased to about a year — in line with Grayson County's own level. Homes that do go under contract now appear to be moving faster once buyers commit.

While Grayson County closings averaged roughly $173 per square foot in the most recent quarter, Bells came in at approximately $198 — a premium of nearly 15 percent that stands out for a market with only a handful of monthly closings. Median sale prices in Bells ran about $337,000, roughly 7 percent above the county median. Sellers here recovered close to 97 cents on the dollar at closing, outpacing the county rate of around 95 cents. Based on MLS data for 2026-06 closings in Bells, fewer than half of transactions included concessions — directionally below the county average — though the limited sample warrants caution in drawing firm conclusions.

The pipeline in Bells tells a more cautious story than the pricing premium might suggest. With only about a dozen pending contracts against 72 active listings, the absorption pace trails the county proportionally. New listings added roughly 29 homes in the most recent quarter, sustaining a supply overhang of nearly 13 months — modestly above the county's 11.5-month figure. The gap between active and pending inventory in Bells is wider than Grayson County's overall ratio, suggesting that the price premium has not yet translated into faster contract activity.

Closed transactions in Bells through the most recent three months averaged roughly $177 per square foot, a directional step back from the $189 per-square-foot pace logged across the trailing year — though limited sample points toward a still-active market. Homes that sold closed at about 97 cents on the dollar, a modest improvement from the 94-cent rate across the prior twelve months. Around a third of deals included seller concessions, directionally below the annual average, though concession amounts when offered ran higher — averaging near $14,500. Based on MLS data for recent closings in Bells, the 72-day median close duration marks a notable shortening from the 89-day annual median.

The forward-looking pipeline in Bells directionally suggests a slowdown in conversion activity. Pending inventory stands at 15 — sharply below the 55 recorded across the broader twelve-month view — while new listings entering the market have moderated to roughly 32 over the most recent quarter. With over fourteen months of supply on hand against current absorption, the pipeline indicates near-term conditions remain supply-heavy. Active inventory holds steady at 85 homes, leaving the absorption rate under continued pressure.