Ennis Home Values

For a third straight month, price per square foot in Ennis has held in a narrow band — $168 in the latest quarter, up slightly from July but essentially flat against the trailing twelve-month mark of $164, and still sixteen dollars below Ellis County's broader benchmark near $184. Based on MLS data for 2026-08 closings in Ennis, the city's $275,000 median sale price remains well under the county's roughly $412,000, a gap that continues to define the local price tier. Sellers received nearly ninety-seven cents on the dollar, edging past the city's own annual average but still a step behind Ellis County's slightly higher ratio, even as the average concession climbed to just over $7,600 — about $900 above the trailing-year figure.

Ennis carried close to nine months of supply this quarter, well above Ellis County's roughly six and a half months, pointing to a deeper active-inventory cushion locally than the county shows overall. Active listings outnumbered pending contracts by more than twenty to one in Ennis, a wider gap than the county's roughly seventeen-to-one ratio, suggesting buyer follow-through here is lagging the broader county pace. New listings added this quarter reached a smaller share of active inventory than the county posted over the same stretch, keeping the pipeline tilted toward sellers heading into fall.

Closing timelines in Ennis stretched further this quarter, extending a pattern that has persisted across much of the year. Based on MLS data for 2026-07 closings in Ennis, price per square foot held close to $167, essentially flat against the trailing twelve-month mark of $164. Roughly six in ten sellers offered concessions, and the average concession climbed to just over $7,500 — a modest step up from the annual figure. Sellers received better than ninety-six cents on the dollar, edging above the yearly average even as homes took longer to close, and over sixty percent of transactions settled below list.

Pending contracts in Ennis have thinned sharply relative to active listings, with active inventory now outnumbering pending deals by roughly nine to one — a wider gap than earlier in the year. New listing activity held in a similar range to recent quarters, keeping roughly seven months of supply on the market. That imbalance, paired with lengthening days-on-market trends, suggests conversions from active to pending status are slowing even as sellers continue bringing new inventory forward, a dynamic likely to shape how quickly the current backlog clears heading into fall.

While Ellis County's median sale price sits near $410,000, closings in Ennis tracked at roughly $275,000 in the latest quarter — a gap of more than a third that reflects the city's distinct market segment within the broader county footprint. Based on MLS data for 2026-06 closings in Ennis, price per square foot came in at $170, about nine percent below the county benchmark of $186. Nearly two-thirds of Ennis sellers offered concessions averaging just over $7,000, and more than half of all transactions settled below list. Sellers received close to ninety-six cents on the dollar — a figure essentially matching county norms despite the lower absolute price range.

Ennis carried roughly seven and a half months of supply in the latest quarter, a noticeably wider cushion than Ellis County's six months — pointing to relatively more seller competition within the city limits. With active listings outnumbering pending contracts by nearly five to one, the pipeline reflects deliberate buyer decision-making rather than urgency. New listing additions held steady, sustaining the supply overhang heading into summer. That said, homes in Ennis are clearing the market slightly faster than the county average despite the elevated supply, a dynamic worth monitoring as the Q3 selling season develops.