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Featured local agent — Terrell, TX
Sarah Mitchell
Compass Real Estate · Terrell, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Terrell, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$257,250median sale price
How is the Terrell, TX housing market right now?
The median home sale price in Terrell, TX is $257,250, down 3.8% year-over-year. Homes sell in an average of 87 days with 96 active listings. The market is currently a leaning buyer's. (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 Terrell a buyer's or seller's market?
Terrell, TX is currently a leaning buyer's, based on 4.4 months of supply and homes selling in about 87 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
87
Average pace
Active listings
96
4.4 months supply
Sale-to-list
96.5%
Below asking
What does the Terrell housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $257,250 |
| Median list price | $292,900 |
| Year-over-year price change | -3.8% |
| Average days on market | 87 days |
| Active inventory | 96 listings |
| Months of supply | 4.4 months |
| Sale-to-list price ratio | 96.5% |
| Median price per sq ft | $173/sq ft |
| Homes sold (latest month) | 22 |
| New listings (latest month) | 23 |
| Listings with a price cut | 32.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Terrell by property type?
How the Terrell, 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 | $257,250 | $173/sq ft | 22 | 87 days |
Source: Redfin · Updated monthly
The Terrell housing market is currently classified as a leaning buyer's with a median sale price of $257,250. Prices have fallen 3.8% compared to last year, with homes spending an average of 87 days on market, indicating 4.4 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 4.5x provides context for how home values compare to local earning capacity.
Homes for sale in Terrell
There are currently 96 homes listed for sale in Terrell, Texas. The median listing price is $293K.
Active listings
96
Homes on market
Median list price
$293K
Avg. days on market
87
Days until sale
New this week
23
Newly listed
Who lives in Terrell?
Population
19,019
Median income
$63,795/yr
Median age
33.1 years
Owner-occupied
59.6%
College grads
16.5%
Avg commute
25.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Terrell?
Zillow home value
$284,131
Zillow rent index
$1,645/mo
Price-to-rent ratio
14.4x
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Terrell?
Terrell is a community of approximately 19K residents with a median age of 33.1 years.The median household income is $63,795, which represents a working-class community with solid middle-income opportunities. 16.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 59.6%, showing a blend of owner and renter-occupied properties. The average commute time is 25.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Terrell offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Terrell?
9 schools tracked · 5,255 students
The largest public schools serving Terrell, 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.
TERRELL H S
Grades 9-12 · 1,467 students
HERMAN FURLOUGH JR MIDDLE
Grades 6-8 · 1,154 students
J W LONG EL
Grades K-5 · 745 students
GILBERT WILLIE SR EL
Grades K-5 · 684 students
DR BRUCE WOOD EL
Grades K-5 · 564 students
W H BURNETT EL
Grades PK · 372 students
GLOBAL LEADERSHIP ACADEMY
Grades K-5 · 208 students
TERRELL ALTERNATIVE EDUCATION CENTER/PHOENIX SCH
Grades 10-12 · 34 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 Terrell, TX?
Want a head-to-head view? Compare Terrell side-by-side with any other U.S. city using our market-comparison tool.
Is Terrell a good real estate investment market?
For investors evaluating Terrell, the price-to-rent ratio of 14.4x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 3.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Terrell's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Terrell's median home price.
Frequently asked questions
What is the average home price in Terrell?
The median home sale price in Terrell is $257,250, down 3.8% from last year.
How long do homes stay on market in Terrell?
Homes typically spend 87 days on market before going under contract.
What is the median income in Terrell?
The median household income is $63,795 per year.
Is Terrell a buyer's or seller's market?
With 4.4 months of supply, Terrell is currently a leaning buyer's.
What is the Zillow home value estimate for Terrell?
The Zillow Home Value Index (ZHVI) for Terrell is $284,131, representing the typical home value in the area.
How much does a single-family home cost in Terrell?
The median single-family home price in Terrell, TX is $257,250 (about $173 per square foot).
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