Terrell Home Values

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.