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Featured local agent — Panhandle, TX
Sarah Mitchell
Compass Real Estate · Panhandle, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Panhandle, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$244,500median sale price
How is the Panhandle, TX housing market right now?
The median home sale price in Panhandle, TX is $244,500, down 40.2% year-over-year. Homes sell in an average of 109 days with 11 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Panhandle a buyer's or seller's market?
Panhandle, TX is currently a balanced market, based on 2.8 months of supply and homes selling in about 109 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
109
Average pace
Active listings
11
2.8 months supply
Sale-to-list
—
Below asking
What does the Panhandle housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $244,500 |
| Median list price | $259,000 |
| Year-over-year price change | -40.2% |
| Average days on market | 109 days |
| Active inventory | 11 listings |
| Months of supply | 2.8 months |
| Median price per sq ft | $153/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 1 |
| Listings with a price cut | 18.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Panhandle by property type?
How the Panhandle, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $244,500 | $153/sq ft | 4 | 109 days |
Source: Redfin · Updated monthly
The Panhandle housing market is currently classified as a balanced market with a median sale price of $244,500. Prices have fallen 40.2% compared to last year, with homes spending an average of 109 days on market, indicating 2.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.5x provides context for how home values compare to local earning capacity.
Homes for sale in Panhandle
There are currently 11 homes listed for sale in Panhandle, Texas. The median listing price is $259K.
Active listings
11
Homes on market
Median list price
$259K
Avg. days on market
109
Days until sale
New this week
1
Newly listed
Who lives in Panhandle?
Population
2,613
Median income
$86,354/yr
Median age
46.9 years
Owner-occupied
73.5%
College grads
35.3%
Avg commute
21.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Panhandle?
Zillow home value
$211,913
Price-to-income
2.5x
Source: Zillow Research
What is it like to live in Panhandle?
Panhandle is a community of approximately 3K residents with a median age of 46.9 years.The median household income is $86,354, which reflects a relatively affluent area with strong earning potential. 35.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 73.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Panhandle offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Panhandle?
3 schools tracked · 625 students
The largest public schools serving Panhandle, TX by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PANHANDLE EL
Grades PK-5 · 293 students
PANHANDLE H S
Grades 9-12 · 199 students
PANHANDLE J H
Grades 6-8 · 133 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Panhandle, TX?
Want a head-to-head view? Compare Panhandle side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Panhandle?
The median home sale price in Panhandle is $244,500, down 40.2% from last year.
How long do homes stay on market in Panhandle?
Homes typically spend 109 days on market before going under contract.
What is the median income in Panhandle?
The median household income is $86,354 per year.
Is Panhandle a buyer's or seller's market?
With 2.8 months of supply, Panhandle is currently a balanced market.
What is the Zillow home value estimate for Panhandle?
The Zillow Home Value Index (ZHVI) for Panhandle is $211,913, representing the typical home value in the area.
How much does a single-family home cost in Panhandle?
The median single-family home price in Panhandle, TX is $244,500 (about $153 per square foot).
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