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Featured local agent — Tool, TX
Sarah Mitchell
Compass Real Estate · Tool, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Tool, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$272,350median sale price
How is the Tool, TX housing market right now?
The median home sale price in Tool, TX is $272,350, down 0.1% year-over-year. Homes sell in an average of 39 days with 51 active listings. The market is currently a buyer's 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 Tool a buyer's or seller's market?
Tool, TX is currently a buyer's market, based on 8.5 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
39
Average pace
Active listings
51
8.5 months supply
Sale-to-list
90.5%
Below asking
What does the Tool housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $272,350 |
| Median list price | $285,000 |
| Year-over-year price change | -0.1% |
| Average days on market | 39 days |
| Active inventory | 51 listings |
| Months of supply | 8.5 months |
| Sale-to-list price ratio | 90.5% |
| Median price per sq ft | $170/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 13 |
| Listings with a price cut | 29.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Tool by property type?
How the Tool, 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 | $272,350 | $170/sq ft | 6 | 39 days |
| Condo / Co-op | $200,000 | $145/sq ft | 1 | 382 days |
Source: Redfin · Updated monthly
The Tool housing market is currently classified as a buyer's market with a median sale price of $272,350. Prices have fallen 0.1% compared to last year, with homes spending an average of 39 days on market, indicating 8.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Tool
There are currently 51 homes listed for sale in Tool, Texas. The median listing price is $285K.
Active listings
51
Homes on market
Median list price
$285K
Avg. days on market
39
Days until sale
New this week
13
Newly listed
Who lives in Tool?
Population
2,399
Median income
$71,964/yr
Median age
52 years
Owner-occupied
87.7%
College grads
28.3%
Avg commute
44.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Tool?
Zillow home value
$269,487
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Tool?
Tool is a community of approximately 2K residents with a median age of 52 years.The median household income is $71,964, which represents a working-class community with solid middle-income opportunities. 28.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 87.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 44.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Tool offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Tool?
1 schools tracked · 246 students
The largest public schools serving Tool, 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.
TOOL EL
Grades PK-5 · 246 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 Tool, TX?
Want a head-to-head view? Compare Tool side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Tool?
The median home sale price in Tool is $272,350, down 0.1% from last year.
How long do homes stay on market in Tool?
Homes typically spend 39 days on market before going under contract.
What is the median income in Tool?
The median household income is $71,964 per year.
Is Tool a buyer's or seller's market?
With 8.5 months of supply, Tool is currently a buyer's market.
What is the Zillow home value estimate for Tool?
The Zillow Home Value Index (ZHVI) for Tool is $269,487, representing the typical home value in the area.
What is the median condo price in Tool?
The median condo/co-op sale price in Tool, TX is $200,000, compared to $272,350 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Tool?
The median single-family home price in Tool, TX is $272,350 (about $170 per square foot).
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