Mercedes, TX Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Mercedes, TX is $229,000, up 10.9% year-over-year. Homes sell in an average of 119 days with 72 active listings. The market is currently a leaning buyer's.
$229,000median sale price
Is Mercedes a buyer's or seller's market?
Mercedes, TX is currently a leaning buyer's, based on 24.0 months of supply and homes selling in about 119 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
119
Average pace
Active listings
72
24.0 months supply
Sale-to-list
103.2%
Above asking
Mercedes, TX market data
| Metric | Value |
|---|---|
| Median sale price | $229,000 |
| Median list price | $166,200 |
| Year-over-year price change | +10.9% |
| Average days on market | 119 days |
| Active inventory | 72 listings |
| Months of supply | 24.0 months |
| Sale-to-list price ratio | 103.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Mercedes housing market is currently classified as a leaning buyer's with a median sale price of $229,000. Prices have risen 10.9% compared to last year, with homes spending an average of 119 days on market, indicating 24.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Mercedes
There are currently 72 homes listed for sale in Mercedes, Texas. The median listing price is $166K.
Active listings
72
Homes on market
Median list price
$166K
Avg. days on market
119
Days until sale
New this week
12
Newly listed
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Frequently asked questions
What is the average home price in Mercedes?
The median home sale price in Mercedes is $229,000, up 10.9% from last year.
How long do homes stay on market in Mercedes?
Homes typically spend 119 days on market before going under contract.
Is Mercedes a buyer's or seller's market?
With 24.0 months of supply, Mercedes is currently a leaning buyer's.
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