Terrell Home Values

Closings in Terrell took longer to reach the table this quarter, with the typical sale needing roughly 52 days — more than a week longer than July's pace. Based on MLS data for August 2026 closings in Terrell, per-square-foot values held close to $171, keeping the median sale price near $311,000. For a third consecutive month, not a single closing settled above list price, while sellers continued collecting a bit more than ninety-six cents on the listed dollar. Concessions grew more common, appearing in just over half of the quarter's roughly 110 closings — up from under half in July — though the typical credit sellers offered shrank modestly to around $7,700.

Terrell's months-of-supply reading eased to roughly 12 months this quarter, down from nearly 19 in July, though the market remains deep in buyer territory by any conventional measure. Pending contracts climbed further off an already thin base, an early signal that absorption may be picking up even as the roughly 430 active listings held steady. New listings kept arriving at a brisk pace, adding fresh supply that could keep that pending gain from closing the gap quickly. The lengthening close times seen this quarter suggest the pipeline hasn't yet caught up with the easing supply figure.

While Kaufman County's closings settled around $159 per square foot this quarter, Terrell's median landed measurably higher at roughly $173, based on MLS data for July 2026 closings in Terrell — a premium that has held for several months running even as sale prices themselves stayed close to the countywide figure. Homes here also took noticeably longer to close than the county overall, with days on market running nearly two weeks past the county pace. For a second consecutive month, not a single closing settled above list price, and sellers collected roughly ninety-six cents on every listed dollar, nearly matching the county's own ratio. Concessions appeared in just over half of Terrell's transactions, well under the roughly two-thirds rate seen countywide.

While Kaufman County's supply reading held near eight months this quarter, Terrell's climbed to roughly twelve — a gap of nearly two-fifths that has persisted through recent months. Pending contracts here retreated sharply after a brief surge, thinning the buyer pipeline and compounding that overhang, and leaving the active pool of roughly 400 homes drawing from noticeably less contract activity than the countywide pace implies. New listings kept arriving at a steady clip, adding to supply even as absorption lagged behind the broader county trend.

Terrell's per-square-foot values edged up to roughly $175 in the trailing period, continuing a measured climb that tracks with a nearly ten-percent year-over-year price gain — an unusually strong trajectory for a market still running well above four months of supply. Based on MLS data for June 2026 closings in Terrell, sellers gave back just over four cents on the dollar at closing, a modest improvement from the spring, while the share of transactions carrying concessions held at just over half. Notably, the average concession amount fell sharply — dropping by several thousand dollars — suggesting sellers are offering fewer dollars to close deals even as concession frequency held steady. No closings settled above list price.

The most pronounced shift in Terrell's pipeline is the doubling of pending contracts from the prior period, rising from a thin base to roughly 65 active agreements against an inventory pool of nearly 400 homes. Months of supply remains elevated at just under 11, and new listings continue to add to that pool at a pace that outpaces absorption. Still, the pending-contract surge is a signal worth watching — if it sustains, it could begin to narrow the gap between available supply and buyer activity that has defined Terrell's market through early 2026.