Celeste Home Values

A notable split emerged in Celeste's closed-sale picture this quarter: while the median sale price dipped to roughly $314,000 — down about four percent from the prior period — the share of homes selling above asking surged from under two percent over the trailing year to nearly four percent of recent closings, based on MLS data for 2026-06 closings in Celeste. Price per square foot settled near $206, modestly below the $214 level seen over the past twelve months. Sellers gave back about one cent on the dollar at closing on average, a tighter recovery than the trailing-year rate suggests. With a limited sample of roughly two dozen closings, these directional signals carry some uncertainty.

New listing activity in Celeste picked up pace this quarter, with roughly 63 homes entering the market — a step up from the prior period's pace — while pending contracts ticked only marginally higher to around 17 under contract. The gap between active inventory, now near 102 listings, and the pending count points to continued extended absorption timelines. Months of supply remains near 11, well above the level historically associated with seller-favorable conditions, and the modest increase in pending activity has not yet closed the gap with the accelerating supply side heading into the second half of the year.

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.