Celeste Home Values

Celeste's housing stock splits into two distinct worlds. The older core — small-lot homes from the late 1950s through the early 1980s, mostly under 1,300 square feet with modest footprints and updated interiors — sits within walking distance of the high school and downtown. Surrounding it, a wave of 2024-2025 new construction spreads across one-acre-plus parcels: modern farmhouse elevations with board-and-batten and brick, open-concept split plans, covered porches, and spec finishes like quartz countertops and luxury vinyl plank. Barndominiums and manufactured homes dot the larger rural tracts. Ponds, fenced pasture, and creek frontage define the acreage properties farther out.

Closed sales in Celeste averaged around $204 per square foot in the most recent quarter, running roughly 28% above the Hunt County median — a notable premium for a small-market city, based on MLS data for 2026-05 closings in Celeste. The median sale came in near $327,000, and homes that traded did so at about 99 cents on the dollar. Half of the roughly two dozen closings involved seller concessions, up sharply from the one-in-three rate seen over the trailing year. Price appreciation has been essentially flat on a year-over-year basis, up under one percent.

The pipeline in Celeste reflects a market where supply has built well ahead of demand. Active listings sit near 92 homes while only 15 are under contract, a ratio that points to extended absorption timelines. Months of supply has eased slightly to around 11.5 from the 12-plus range seen over the prior year, though it remains well above the threshold that historically favors sellers. New listings in the most recent quarter totaled around 55, keeping inventory levels elevated relative to the pace of pending activity.