Terrell, TX Housing Market — 301 Homes Sold (September 2025 – September 2026)

Q: What does the typical Terrell home cost?

The typical Terrell home sold for $305,000 (about $170 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; 11% sold within the first week.

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

The median Terrell lease ran $1,936/month this year; principal and interest on the median $305,000 home is roughly $1,735/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): 301
Median sale price: $305,000 (about $1,735/month with 10% down at a 6.5% 30-year rate, principal & interest)
Median price per square foot: $170
Median days on market (list to contract): 51; 11% went under contract within a week
Sold over asking: 13.6% · Sold under asking: 59.1%
Typical home: 3 bed, 1,754 sqft, built 2003, mostly Terrell ISD
Price range of sales: $71,000 – $1,315,000
On the market right now: 188 active listings, 33 under contract, 7.5 months of supply, median asking $336,490
How buyers paid: Conventional 33.9%, FHA 34.6%, VA 10.6%, Cash 15.3%, Other 5.6%
Seller contributions: 61.5% of sellers chipped in, typically $8,000
Contract to close: about 30 days
Median rent (same home types, 110 closed leases): $1,936/month — owning the median home runs about $1,735/month principal & interest with 10% down
HOA: 21.6% of sales had a mandatory HOA, typically $37/month
New construction: 21.3% of sales, median $314,950 vs $299,900 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 Q3: $285,000.

Median price by elementary school zone

Wood: 86 sales, median $308,987, $167/sqft
Long: 73 sales, median $279,000, $172/sqft
Burnett: 48 sales, median $281,250, $161/sqft
Gilbert Willie, Sr.: 40 sales, median $293,500, $165/sqft
Kennedy: 14 sales, median $339,000, $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 91.5% of the original ask — roughly $27,500 left on the table on a typical Terrell listing.

Most active Terrell neighborhoods

Terrell Rev: 29 sales, median $237,500, 56 days on market
Creekside Estates: 17 sales, median $302,900, 20 days on market
Northspur: 14 sales, median $312,992, 78 days on market

Nearby markets

Forney · Crandall · Kaufman · Heartland · Kemp · Mabank · Talty · Oak Ridge

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? $305,000 — about $170 per square foot, or roughly $1,735/month with 10% down before taxes and insurance.

How fast do homes sell in Terrell? The typical home went under contract in 51 days; 11% sold within the first week.

Is it cheaper to rent or buy in Terrell? The median Terrell lease ran $1,936/month this year, while principal and interest on the median $305,000 home is roughly $1,735/month with 10% down, before taxes and insurance.

Source: NTREIS MLS closed sales, September 3 2025 – September 3 2026. Aggregate data only — Texas is a non-disclosure state. Compiled by Pax Realty (Ryan Storch, Broker). Explore all 186 cities · Full dataset · Book a strategy call · Call/text (972) 974-1821.