Terrell, TX Housing Market: 309 Homes Sold (September 2025 to September 2026)

Q: What does the typical Terrell home cost?

The typical Terrell home sold for $300,000 (about $169 per square foot) over the last twelve months.

Q: How fast do homes sell in Terrell?

The typical Terrell home went under contract in 51 days; 10.7% sold within the first week.

Q: Is it cheaper to rent or buy in Terrell?

The median Terrell lease ran $1,924/month this year; principal and interest on the median $300,000 home is roughly $1,707/month with 10% down.

Buyers hold the cards: most homes sell under asking and take about 51 days to find a buyer.

Terrell market at a glance

Homes sold (12 months): 309
Median sale price: $300,000 (about $1,707/month with 10% down at a 6.5% 30-year rate, principal & interest)
Median price per square foot: $169
Median days on market (list to contract): 51; 10.7% went under contract within a week
Sold over asking: 15.5% · Sold under asking: 59.5%
Typical home: 3 bed, 1,752 sqft, built 2003, mostly Terrell ISD
Price range of sales: $70,000 – $1,315,000
On the market right now: 178 active listings, 49 under contract, 6.9 months of supply, median asking $316,995
How buyers paid: Conventional 33%, FHA 33%, VA 10%, Cash 16.5%, Other 7.4%
Seller contributions: 61.2% of sellers chipped in, typically $8,000
Contract to close: about 30 days
Median rent (same home types, 111 closed leases): $1,924/month. Owning the median home runs about $1,707/month principal & interest with 10% down
HOA: 23.6% of sales had a mandatory HOA, typically $37/month
New construction: 22.7% of sales, median $315,757 vs $285,000 resale

Five-year price history in Terrell

Median sale price by quarter: 2022 Q1: $273,550 · 2023 Q1: $249,990 · 2024 Q1: $289,500 · 2025 Q1: $265,000 · 2026 Q1: $300,000 · 2026 Q4: $305,995.

Median price by elementary school zone

Wood: 95 sales, median $308,975, $166/sqft
Long: 69 sales, median $270,000, $172/sqft
Burnett: 50 sales, median $277,500, $162/sqft
Gilbert Willie, Sr.: 41 sales, median $282,000, $164/sqft
Kennedy: 14 sales, median $343,000, $196/sqft

Pricing right vs. cutting the price in Terrell

Sellers who held their original asking price sold in 19 days at 100% of ask. Sellers who overpriced and later cut took 92 days and kept 91.6% of the original ask, roughly $26,900 left on the table on a typical Terrell listing.

Most active Terrell neighborhoods

Terrell Rev: 26 sales, median $231,250, 56 days on market
Northspur: 24 sales, median $316,762, 90 days on market
Creekside Estates: 14 sales, median $306,400, 20 days on market
Breezy Hill: 10 sales, median $250,000, 23 days on market

Nearby markets

Forney · Crandall · Kaufman · Heartland · Kemp · Talty · Mabank · Wills Point

Common questions

Is now a good time to buy in Terrell? Buyers hold the cards: most homes sell under asking and take about 51 days to find a buyer.

What does the typical Terrell home cost? $300,000, about $169 per square foot, or roughly $1,707/month with 10% down before taxes and insurance.

How fast do homes sell in Terrell? The typical home went under contract in 51 days; 10.7% sold within the first week.

Is it cheaper to rent or buy in Terrell? The median Terrell lease ran $1,924/month this year, while principal and interest on the median $300,000 home is roughly $1,707/month with 10% down, before taxes and insurance.

Source: NTREIS MLS closed sales, September 5 2025 to September 5 2026. Aggregate data only; Texas is a non-disclosure state. Compiled by Pax Realty (Ryan Storch, Broker). Explore all 186 cities · Full dataset · Text Ryan · Call/text (972) 974-1821.