Ferris Home Values

Nearly nine in ten closings in Ferris carried a seller concession this quarter, up from roughly three in four in each of the prior two months, based on MLS data for 2026-09 closings in Ferris. Even so, sellers held their ground on price, capturing close to ninety-eight cents on the dollar at closing — modestly better than last month — with average contributions edging up to just over $9,100. Price per square foot continued its recent recovery, reaching roughly $171, though still trailing Ellis County's approximately $184 benchmark. With only about three dozen sales in the sample, the trend reads as directional rather than conclusive: roughly four in ten transactions closed below list, versus about one in seven above.

Active listings in Ferris climbed to just over one hundred this quarter, even as pending contracts held near half a dozen — a widening gap that pushed months of supply above nine and further past Ellis County's roughly seven-month pace. That growing cushion helps explain why sellers continue giving ground at the negotiating table rather than solely on price: with new listings continuing to outpace absorption, the pipeline offers little near-term relief for leverage to swing back their way.

Price per square foot in Ferris ticked up to roughly $167 this quarter, interrupting a slide that had carried the figure down from about $174 in the spring to $165 last month, based on MLS data for 2026-08 closings in Ferris. The rebound comes even as the broader year-over-year trend still shows prices down more than five percent, underscoring how far the market corrected before this quarter's stabilization. Sellers continued capturing close to ninety-eight cents on the dollar at closing, a figure holding roughly steady from last month, while nearly three in four transactions still involved concessions — up sharply from about two in three a year ago, with average seller contributions running near $8,900.

Pending contracts in Ferris held at just seven against ninety-six active listings, a thin absorption pipeline consistent with recent months. New listing activity also eased below its trailing pace, yet the gap between what's active and what's going under contract kept months of supply near seven and a half — well above Ellis County's roughly six and a half months. That cushion complicates the case for a durable rebound, suggesting this quarter's stabilization has room to test buyer resolve before it holds.

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.