Terrell Home Values

Price per square foot in Terrell held near $171 even as the median sale price slid to roughly $285,000, about $23,000 below where September's reporting left it — a split that suggests a shift toward smaller or lower-priced homes closing rather than any erosion in underlying values. Based on MLS data for October closings in Terrell, nearly a hundred sales settled this quarter, a sample large enough to take the dip seriously. Sellers gave back just over five cents on the dollar, slightly more than last month, and nearly six in ten deals closed under list. Concessions appeared in fewer than half of transactions, averaging around $8,600, while the trailing year still shows prices up about six percent.

Only about 20 pending contracts sit against roughly 445 active listings in Terrell, a ratio that leaves months of supply near thirteen and a half — marginally deeper than last month's reading and still far above Kaufman County's figure of about nine. Active inventory has crept up from around 430, with roughly 250 new listings arriving over the quarter outpacing the contracts being signed. Homes that do sell are taking close to eight weeks, a pace that suggests absorption remains slow heading into winter, when seasonal listing activity typically thins.

Kaufman County's overall closings settled near $156 per square foot this quarter, while, based on MLS data for September 2026 closings in Terrell, the city's median came in closer to $172 — a premium of roughly ten percent that has persisted across recent quarters. Terrell's own median sale price, near $308,000, has meanwhile converged closer to the county's roughly $301,000 figure. Sellers here parted with concessions in about half of transactions, well under the near seven-in-ten rate seen countywide, even as Terrell's list-to-sale ratio nearly matched the county's at just above ninety-six cents on the dollar. A handful of closings edged above list price this quarter, ending a stretch of several months with none.

Terrell's pipeline continues to run well above Kaufman County's overall pace, with months of supply near thirteen against a countywide reading closer to eight — a gap of roughly sixty percent that has held through the summer months. Active listings stayed essentially flat near 430 homes, while pending contracts remained thin relative to that pool. New listings kept arriving at a steady clip, adding to inventory Terrell's buyers already have to work with. The scale of that supply gap suggests absorption here continues to lag the broader county trend, even as countywide activity moves at a brisker rate.

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.