Ferris Home Values

Closings in Ferris moved through escrow faster this quarter, settling in roughly five weeks versus about seven weeks over the trailing year and outpacing Ellis County's nearly six-and-a-half-week median, based on MLS data for 2026-07 closings in Ferris. Price per square foot held near $165, modestly above the city's own annual average but still about eleven percent behind the county's roughly $185 benchmark, even as the broader year-over-year price trend showed a decline near five percent. Sellers gave back about two cents on the dollar at closing, and with just over thirty transactions in the sample, the read stays directional. Concessions touched nearly three-quarters of closings, up from about two-thirds a year ago.

Pending contracts in Ferris fell to just eight against roughly one hundred active listings, a thinner absorption pipeline than the sixteen pending recorded last month. New listing activity, while below its annual pace, still outpaced the shrinking pending count, pushing months of supply up to nearly ten — well above Ellis County's roughly six months. Directionally, the widening gap between what's coming to market and what's actually going under contract points toward slower absorption heading into late summer, extending a trend that has built over recent quarters.

While Ellis County's median price per square foot settled near $186 this quarter, Ferris came in closer to $171 — a gap of roughly eight percent that marks a meaningful divergence from the county baseline, based on MLS data for 2026-06 closings in Ferris. Median sale prices ran well below the county midpoint, reflecting a distinct price band. Sellers in Ferris gave back roughly two-and-a-half cents on the dollar at closing, and nearly three in ten transactions settled below list while only about one in nine closed above — a distribution that tilts more buyer-favorable than the Ellis County aggregate. The elevated concession rate, with about seven in ten deals involving seller contributions, reinforces the picture of a market where sellers are working harder to close.

The supply picture in Ferris stands out against the county backdrop: months of supply running above eight represents a notably wider cushion for buyers than the roughly six months visible across Ellis County as a whole. With just sixteen pending contracts against ninety-six active listings, the absorption pipeline remains thin, and new listing activity continues to outpace pending volume by a wide margin. Directionally, this imbalance suggests extended time-on-market conditions are likely to persist into the next quarter. The gap between Ferris and the broader county supply profile has widened since spring, and there is little in the pipeline data to suggest a near-term rebalancing.

Price per square foot in Ferris held near $174 in the most recent quarter, modestly above the trailing annual average of $163, based on MLS data for 2026-05 closings in Ferris. Sellers gave back roughly two cents on the dollar at closing, though the list-to-sale ratio remained relatively tight given broader market conditions. Nearly eight in ten transactions involved concessions — a notably elevated rate — with sellers contributing an average of roughly $8,000 toward buyer costs. With nearly four in ten closings settling below list and only about one in ten closing above, the limited sample suggests sellers are finding meaningful resistance as prices approach the $290,000 range.

Active listings in Ferris held steady against a thin pipeline of pending contracts — roughly a dozen pending against more than eighty active homes — pointing toward extended absorption timelines ahead. With months of supply running near nine, directionally the data points toward conditions that favor buyers heading into summer. New listing activity has remained elevated relative to pending volume, and the supply gap appears to be widening rather than closing. For a market of Ferris's size, this imbalance aligns with the broader Ellis County pattern of elevated supply.