Honey Grove Home Values

While Fannin County's price per square foot held near $195 this quarter, Honey Grove sellers closed at roughly $94 — a wider gap than recent months and a reversal from the $165-plus readings logged in August. Based on MLS data for September 2026 closings in Honey Grove, sellers still landed close to full asking price, giving back only about four cents on the dollar, a smaller discount than the roughly five-and-a-half cents county sellers absorbed. Roughly three in ten sales settled below list, down from more than a third last quarter, and none carried a concession. With only about ten closings recorded, the swing in price per square foot likely reflects thin volume more than a genuine shift in valuation.

The pipeline gap between Honey Grove and Fannin County widened further this quarter. Months of supply in the city climbed past 46 — more than double the county's roughly twenty — while just a single contract sits pending against 154 active listings, a far thinner pending-to-active ratio than the county carries. New listings kept arriving at a pace well above what that pending count can absorb, deepening an overhang already wider than the county's. With only a handful of closings recorded, county-level absorption trends remain the more reliable near-term signal.

Homes that closed in Honey Grove this quarter did so in just under three months, a sharp pickup in pace from the roughly four-and-a-half-month wait reported in July. Based on MLS data for August 2026 closings in Honey Grove, faster turnaround came without stronger pricing power: price per square foot held near $167, little changed from the trailing-year average of $171, and sellers gave back close to a nickel on the dollar at closing. More than a third of transactions settled below the original list price, and none carried a concession this quarter. With just fourteen closings recorded, Fannin County's broader pace — homes closing in barely over two months — remains the steadier read.

Pipeline data does not yet echo that quicker pace. Just three contracts are pending against 147 active listings, and new listings continued arriving over the quarter — 38 in all — keeping months of supply above thirty, well beyond the roughly twenty months carried by Fannin County as a whole. The mismatch between a small pending count and a deep active pool suggests the recent uptick in closing speed reflects a handful of transactions rather than a broader shift in absorption. County-level pipeline trends remain the more dependable signal until volume in Honey Grove builds.

While Fannin County's median sale price held near $296,000 this quarter, Honey Grove closings landed near $219,000 — a gap approaching a quarter — and price per square foot told a similar story, settling around $155 in the city against roughly $185 across the county. With only a dozen transactions closing, the readings carry wide confidence intervals, but based on MLS data for July 2026 closings in Honey Grove, homes that did sell took close to four and a half months to reach contract, well past the county's typical span of under three months. None carried a seller concession this quarter, a shift from the roughly one-in-five rate over the trailing year.

Months of supply in Honey Grove sit near thirty-five this quarter, almost double the reading across Fannin County, the clearest evidence that available inventory is not being absorbed at anything close to the county's pace. Only a handful of contracts were pending against well over a hundred active listings, and new listings kept arriving through the quarter, adding to a supply overhang deeper than the broader county is contending with. With few contracts moving through the pipeline, the county's comparatively tighter numbers offer the more dependable signal for near-term conditions.