Bonham Home Values

Homes in Bonham moved off the market noticeably faster this quarter, with the median time to closing falling to roughly 55 days — a much quicker pace than the twelve-month average near 65, based on MLS data for 2026-07 closings in Bonham. That faster turnover came alongside a continued climb in valuation: price per square foot reached roughly $159, extending a multi-month rise from the mid-$130s recorded earlier this spring. Median sale price for the quarter held near $235,000, still trailing the twelve-month figure of roughly $253,000. Sellers kept giving ground at the table, collecting close to 95 cents on the dollar, with a bit over one in five closings carrying a concession averaging near $8,000.

Pending contracts in Bonham fell sharply this quarter, dropping to just 20 even as active inventory held near 290 and new listings kept arriving at a brisk pace near 130 — widening the gap between supply reaching the market and contracts being written. Months of supply climbed to about 16, a level that keeps buyers firmly in control and outpaces the softening seen a month earlier. Fannin County's pipeline shows a similar, even wider imbalance, with supply stretching past 18 months countywide — suggesting the slowdown reflects a regional pattern, not a Bonham-specific stall.

Price per square foot in Bonham crossed $150 in the most recent quarter — a roughly ten percent recovery from the $137 level recorded in the prior period — suggesting the market may be finding a firmer floor after months of gradual compression, based on MLS data for 2026-06 closings in Bonham. The directional shift is notable, though with fewer than 60 closings in the trailing quarter, the sample supports a cautious read. Median sale prices came in near $233,000, still trailing the twelve-month figure by about eight percent. Zero closings cleared list price; nearly four in ten buyers paid below asking, and roughly one in four transactions included a concession averaging close to $6,700 — seller concessions remain a feature of the closing process here.

Bonham's pipeline continues to signal a buyer-controlled environment: active listings held near 270 while pending contracts stood at just 34, a ratio that leaves months of supply near 14 — well above the level at which conditions typically shift toward sellers. New listing volume of roughly 150 units over the quarter outpaced pending activity by a wide margin, maintaining the absorption gap that has characterized the market in recent months. Fannin County's broader pipeline shows a similar imbalance, with supply stretching even further countywide, suggesting conditions in Bonham reflect a regional pattern rather than a localized anomaly.

The negotiation gap in Bonham widened noticeably in recent closings — sellers here absorbed roughly five and a half cents on the dollar at the table, based on MLS data for 2026-05 closings in Bonham. Price per square foot settled around $137, tracking below the county benchmark by a meaningful margin. Nearly all transactions closed below list, with more than four in ten buyers securing final prices under asking. The concession rate held near three in ten closed sales, with the typical concession approaching $7,000. The twelve-month median sale price of roughly $253,000 reflects broader conditions, while the recent quarter's figure came in closer to $235,000.

With active listings holding at roughly 250 homes and just 32 pending contracts, Bonham's pipeline reflects an absorption gap that gives buyers considerable room to move. Months of supply sits near 14.5 — well above the threshold that typically shifts negotiating leverage toward buyers — and new listings continue arriving at a pace that outstrips pending activity. That imbalance is narrower than the county-wide picture, where supply stretches even further, but Bonham's own pipeline confirms that sellers face a patient, selective buyer pool heading into the summer window.