Commerce Home Values
Texas
Commerce Market Snapshot
| Active 190 listings | New 19 30 days | Closed 14 30 days | Pending 3 30 days | Supply 16.3 months | Absorption 4.2% monthly | Over List 0.7% sold above | Under List 47.9% sold below | Concessions 42.5% % of solds | Avg Concession $9,660 seller paid |
Source: NTREIS MLS • Excludes leases • Sep 2026
Commerce Market Trends
University Town With Deep Roots and Acreage
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.
While Hunt County's housing market held near its typical valuation footprint, Commerce, TX continued trading well beneath it. Price per square foot settled near $129 — roughly 20 percent below the county's $161 — based on MLS data for 2026-09 closings in Commerce. The median sale price landed just above $240,000 on a moderate sample of 37 closings, while days on market stretched to roughly eleven weeks, well past the county's nine-week pace. Sellers collected about 94 cents on the dollar, and nearly half of the quarter's transactions carried concessions averaging near $9,700. Roughly 3 percent of sales closed above list, more than half below it, extending a pattern of prices running about 6 percent below year-ago levels.
The pipeline reflects the same gap. Months of supply in Commerce climbed to roughly sixteen and a half, well above Hunt County's near-twelve reading, even as active listings held at 203. Only eight pending contracts sit against that inventory — a far thinner conversion than the county's 72 pendings across its much larger pool. New listings, at about 90 for the quarter, kept pace with Commerce's roughly 8 percent share of county-wide supply, suggesting the divergence reflects structural imbalance rather than a single slow quarter heading into fall.
Market Updates
While Hunt County's housing market held near its typical valuation footprint, Commerce, TX continued trading well beneath it. Price per square foot settled near $129 — roughly 20 percent below the county's $161 — based on MLS data for 2026-09 closings in Commerce. The median sale price landed just above $240,000 on a moderate sample of 37 closings, while days on market stretched to roughly eleven weeks, well past the county's nine-week pace. Sellers collected about 94 cents on the dollar, and nearly half of the quarter's transactions carried concessions averaging near $9,700. Roughly 3 percent of sales closed above list, more than half below it, extending a pattern of prices running about 6 percent below year-ago levels.
The pipeline reflects the same gap. Months of supply in Commerce climbed to roughly sixteen and a half, well above Hunt County's near-twelve reading, even as active listings held at 203. Only eight pending contracts sit against that inventory — a far thinner conversion than the county's 72 pendings across its much larger pool. New listings, at about 90 for the quarter, kept pace with Commerce's roughly 8 percent share of county-wide supply, suggesting the divergence reflects structural imbalance rather than a single slow quarter heading into fall.
Forty-one homes closed in Commerce, TX this quarter, a moderate sample but one showing a market moving faster to the closing table. Median days on market fell to roughly eight weeks, continuing the quickening pace flagged over the past two months, based on MLS data for 2026-08 closings in Commerce. The median sale price climbed to nearly $246,000 even as price per square foot slipped to about $129, suggesting a shift toward larger or pricier homes among what sold. Sellers collected roughly 96 cents on the dollar at closing, though concessions still touched more than four in ten deals, averaging near $8,500. Prices trail Hunt County's by about 11%, extending a soft annual trend of roughly 8% below year-ago levels.
Pending contracts in Commerce, TX thinned sharply this quarter, down to just a handful against roughly 186 active listings, a pipeline signal that cuts against the faster days-on-market trend showing up in closed sales. New listing activity, at about 85 for the quarter, tracked Commerce's roughly 8% share of Hunt County's broader inventory pool, suggesting incoming supply flow hasn't shifted materially. Months of supply eased to around thirteen and a half, still running above Hunt County's near-twelve benchmark, pointing to a market where homes move faster once under contract but reach contract more slowly than the closing pace implies.
While Hunt County's median list-to-sale ratio held near 96 cents on the dollar, Commerce, TX sellers closed at about 95 cents — pricing discipline that tracks the county even as absolute values diverge. Price per square foot in Commerce settled near $130, roughly 18% below the county's $160 benchmark, based on MLS data for 2026-07 closings in Commerce, a narrower gap than the 21-point spread recorded two months earlier. The median sale price, just under $190,000, trailed the county's near-$270,000 figure by close to 30%. Concessions touched nearly half of the market's 42 closings this quarter — a moderate sample that directionally reinforces the valuation gap — with an average giveback near $11,000, as year-over-year prices softened, down about 2%.
Commerce's active inventory of 172 listings represents about 8% of Hunt County's total pipeline, a share pending contracts also track at roughly 8%, keeping the pending-to-active dynamic in line with the county despite pricing running well below it. New listings made up a smaller slice, under 7% of the county's total, hinting the incoming supply flow trails Commerce's broader footprint. Months of supply held near 12, modestly above the county's 11.5, while the pace of closings quickened to about eight weeks from twelve a year earlier — turnover catching up even as inventory lingers relatively deeper.
Homes that did close in Commerce, TX moved faster than the trailing annual pace — median days on market dropped to roughly 73 days, down from about 86 over the prior year, based on MLS data for 2026-06 closings in Commerce. The limited quarterly sample suggests directional improvement in absorption speed, though 38 closings warrants some caution in reading the signal. Price per square foot settled near $131, down modestly from the twelve-month average, while the median sale price came in just under $191,000. Sellers gave back roughly six cents on the dollar at closing, and nearly half of all transactions carried concessions averaging around $10,400 — an uptick in both rate and amount from the annual baseline.
The pipeline behind Commerce's recent closings reflects an uneven absorption picture. With roughly 170 active listings against just 22 pending contracts, the pending-to-active ratio directionally points toward continued buyer control heading into summer. New listing additions — around 77 over the quarter — outpaced pending activity by a wide margin, extending the supply overhang. Months of supply, while still elevated at about 13, did narrow from the prior period's near-15 reading, offering a tentative signal that velocity may be stabilizing. Hunt County as a whole shows a comparable absorption dynamic but at a somewhat tighter months-of-supply pace.
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.
Zip Codes in Commerce
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Market data last updated Oct 1, 2026, 6:00 AM CDT · Editorial updated Sep 27, 2026, 11:31 AM CDT
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