Commerce Home Values

Commerce housing spans over a century, from 1910s and 1930s Craftsman-era cottages with original hardwood floors on historic streets like Bonham and Earl, through a thick band of 1950s-1980s brick homes with screened porches, fireplaces, and detached shops on quarter-acre lots. A wave of 2020s construction has added vinyl-plank-floored three-bedrooms on compact lots near campus, many marketed as turnkey rentals. Outside the core, one-acre-plus tracts with metal shops and ag-exempt pasture are common. The proximity to Texas A&M University-Commerce shapes everything — investor-owned rentals sit blocks from owner-occupied mid-century neighborhoods.

Price per square foot in Commerce, TX came in roughly 21% below the Hunt County median in the most recent quarter, according to MLS data for trailing closings in Commerce. At around $126 per square foot versus the county's $160, the gap underscores a distinct valuation tier within Hunt County. Sellers here gave back roughly seven cents on the dollar at closing — modestly better than the county's five-cent concession rate in absolute terms — but nearly half of all transactions involved seller concessions, with the average giveback approaching $10,300. A year-over-year price decline of approximately 8% signals that Commerce values have softened faster than the broader Hunt County market.

Commerce's pipeline presents a notably lopsided picture relative to Hunt County. With roughly 156 active listings against just 21 pending contracts, the pending-to-active ratio is considerably thinner than the county's broader absorption pace — directionally pointing toward continued buyer leverage heading into the next quarter. New listing activity ran at about 64 additions over the period, outpacing pending contracts by a wide margin. Months of supply in Commerce, at nearly 15, runs slightly above the county benchmark, suggesting that supply is not clearing at the same rate seen across Hunt County overall.