Terrell Home Values

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.

Per-square-foot values in Terrell held at roughly $172, placing the city modestly above Kaufman County's recent median and roughly in line with its own trailing-year pace. Based on MLS data for May 2026 closings in Terrell, the typical sale took about 85 days from listing to contract — sellers gave back close to four and a half cents on the dollar, and more than half of all closings included a concession averaging around $12,500. Overbidding was essentially absent, while a slim majority of transactions settled below list price.

Terrell's pipeline currently shows 11.4 months of supply — well above county norms — with only 29 pending contracts drawing from a pool of 381 active listings. New listings added over the trailing three months continued to outpace contract activity, steadily deepening the available supply. The thin pending-to-active ratio and extended days on market, still running in the upper eighties, indicate that absorption is unlikely to tighten meaningfully in the near term.