Schell and Sivils | March 2024 Market Report | KW Legacy

Page 1

North Texas

Area

Collin County

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Dallas County

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Denton County

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Grayson County

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Kaufman County

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Rockwall-Hunt Counties

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Tarrant County

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What’s your home really worth in today’s market?

That's really the question you should be asking yourself.

Our market is incredibly diverse, and rapidly changing. Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors’ home is. At the end of the day, it’s the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

assessment
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of your home's value.

What To Know About Credit Scores Before Buying a Home

If you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a mortgage. Lenders review your credit to see if you typically make payments on time, pay back debts, and more. Your credit score can also help determine your mortgage rate. An article from US Bank explains:

“A credit score isn’t the only deciding factor on your mortgage application, but it’s a significant one. So, when you’re house shopping, it’s important to know where your credit stands and how to use it to get the best mortgage rate possible.”

That means your credit score may feel even more important to your homebuying plans right now since mortgage rates are a key factor in affordability. According to the Federal Reserve Bank of New York, the median credit score in the U.S. for those taking out a mortgage is 770. But that doesn’t mean your credit score has to be perfect. The same article from US Bank explains:

14 gs Supply $500K Median Sales Price 7% e List Price 1,014 Closed Sales TACHED hed Residential Homes Detached Residential Homes and Condo/Townhome Residences. Data be accurate but is not warranted. ©2024 ChartMaster Services, LLC. All This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions may be directed to Keller Williams Legacy. TREC# Copyright Keller Williams Legacy 2024. Each office is independently owned 17 Not Price Reduced Days on Market

tial

2023 - FEBRUARY 2024 NGS
County FEBRUARY
CLOSED SALES
omes ear-over-year. t available
23 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024
Homes ear-over-year t available

*Note:

The

*Note:

The

Not PR Days On the Market

Single-Family Homes

There was an average of 17 days on the market, without price reduction, as of February 2024

Condos & Townhomes

There was an average of 19 days on the market, without price reduction, as of February 2024

Median Sales Price Detached Residential Homes
median sales price
$500k as of
Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 0 5 10 15 20 25 30 Back to Table of Contents Sold Above List Price Detached Residential Homes 26 7% of homes sold above their list price in February 2024
& Townhomes
was
February 2024
Condos
median sales price was $385k as of February 2024
Some historical data not available Condos & Townhomes 17.3% of homes sold above their list price in February 2024.
Some historical data not available Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 000% 1000% 2000% 3000% 4000% 5000%
*Note: Some historical data not available

Dallas

What's in the D data?

The market for detach

1,233 closed sales at a and 29.10% of propert price. There was a tota providing a 2.5 month 13 days on the market

The market for condo 215 closed sales at a m 22 8% of properties so There were 470 new lis month supply with an a market without price re

1,998 New Listings

1,233 Closed Sales

2.5 Months of Supply

$370K Median Sales Price

29.10% Sold Above List Price

13 Not Price Reduced Days on Market

mes
Data Services, LLC. All written permission of Legacy. TREC# independently owned
Residences.
CONDO Condo & Townhomes 470 New Listings 4.2 Months of Supply $352K Median Sales Price 22.8% Sold Above List Price 15 Not Price Reduced Days on Market 215 Closed Sales

ACTIVE LISTINGS CLOSED SALES

Detached Residential Homes

Last 12 months, year-over-year

*Note: Some historical data not available

Condos & Townhomes

Last 12 months, year-over-year.

*Note: Some historical data not available

Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 1,000 2,000 3,000 4,000 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 200 400 600 800 1000

*Note:

The

was

as of February 2024

Condos

The

Not PR Days On the Market

Single-Family Homes

There was an average of 13 days on the market, without price reduction, as of February 2024

Condos & Townhomes

There was an average of 15 days on the market, without price reduction, as of February 2024

*Note: Some historical data not available

*Note:

Condos

Back to Table of Contents Median Sales
Price
Homes
Detached Residential
median sales price
$370k
Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 0 5 10 15 20 25 Sold Above List Price Detached Residential Homes 29 1% of homes sold above their list price in February 2024
& Townhomes
median sales price
$352k
February
was
as of
2024
Some historical data not available
& Townhomes 22.8% of homes sold above their list price in February 2024.
Some historical data not available
Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 $0 $100,000 $200,000 $300,000 $400,000 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 000% 1000% 2000% 3000% 4000% 5000%

Dent

What's in th data?

The market for de closed sales at a 24.8% of properti

There was a total 2.4 month supply the market witho

The market for co closed sales at a 30 8% of properti

There were 54 ne supply with an av without price red

Homes Condo/Townhome Residences. Data ChartMaster Services, LLC. All the written permission of Williams Legacy. TREC# office is independently owned
New Listings
Months of Supply $443K Median Sales Price
Sold Above List Price 952 Closed Sales 20 Not Price Reduced Days on Market
1,425
2.4
24.8%
Condo 54 New Listings 4.3 Months of Supply $459K Median Sales Price 30.8% Sold Above List Price 19 Not Price Reduced Days on Market 26 Closed Sales

ACTIVE LISTINGS CLOSED SALES

Detached Residential Homes

Last 12 months, year-over-year

*Note: Some historical data not available

Condos & Townhomes

Last 12 months, year-over-year.

*Note: Some historical data not available

Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 500 1,000 1,500 2000 2,500 3,000 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 20 40 60 80 100 120

*Note:

The

*Note:

as of February 2024

Condos

The

Not PR Days On the Market

Single-Family Homes

There was an average of 20 days on the market, without price reduction, as of February 2024

Condos & Townhomes

There was an average of 19 days on the market, without price reduction, as of February 2024

*Note: Some historical data not available

Back to Table of Contents Median Sales Price
Residential Homes
Detached
median sales price
$443k
Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 0 5 10 15 20 25 30 35 Sold Above List Price Detached Residential Homes 24 8% of homes sold above their list price in February 2024
was
& Townhomes
median sales price
$459k as of February
was
2024
Some historical data not available
& Townhomes 30.8% of homes sold above their list price in February 2024.
Condos
Some historical data not available
Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 $0 $100,000 $200,000 $300,000 $400,000 $500,000 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 000% 1000% 2000% 3000% 4000% 5000%

Gra Co

What's data?

The market

closed sale

22.4% of pr

There was 5 2 month

the market

There was this month

295

D143

5.2

22.4%

28

ial Homes Condo/Townhome Residences. Data ©2024 ChartMaster Services, LLC. All reproduced without the written permission of directed to Keller Williams Legacy. TREC# Each office is independently owned
New Listings
Months of Supply $305K Median
Sales Price
Sold Above List
Price
Closed Sales
Not Price Reduced Days on Market

CONDO

Condo & Townhomes

No data for this month.

ACTIVE LISTINGS CLOSED SALES

Detached Residential Homes

Last 12 months, year-over-year

*Note: Some historical data not available

Nodatatodispla No data for this month.

Condos & Townhomes

Last 12 months, year-over-year.

*Note: Some historical data not available

Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 200 400 600 800 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 20 40 60 80 100

*Note:

The

was

as of February 2024

Single-Family Homes

There was an average of 28 days on the market, without price reduction, as of February 2024

Condos & Townhomes

No data for this month

Back to Table of Contents Median Sales Price Detached Residential Homes
median sales price
$305k
Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 0 5 10 15 20 25 30 35 Sold Above List Price Detached Residential Homes 22 4% of homes sold above their list price in February 2024 Condos & Townhomes No data for this month
Some historical data not available Condos & Townhomes No data for this month.
Some historical data not available
*Note:
Not PR Days On the Market
Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 $0 $100,000 $200,000 $300,000 $400,000 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 000% 1000% 2000% 3000% 4000%
*Note: Some historical data not available

Kauf Coun

What's in t data?

The market for d closed sales at a 12.6% of propert

There was a tota 5 month supply market without p

There was no da this month.

467

222

5

Homes Condo/Townhome Residences. Data ChartMaster Services, LLC. All the written permission of Keller Williams Legacy. TREC# office is independently owned
New Listings
Months of Supply $319K Median Sales Price
Sold Above List Price
12.6%
Closed Sales
Not Price Reduced Days on Market
30

No data for this month.

Kaufman County

FEBRUARY 2023 - FEBRUARY 2024

ACTIVE

Detached Residential Homes

Last 12 months, year-over-year

*Note: Some historical data not available

Nodatatodispla No data for this month.

Condos & Townhomes

Last 12 months, year-over-year.

*Note: Some historical data not available

LISTINGS CLOSED SALES
Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 200 400 600 800 1,000 1,200 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 20 40 60 80 100

*Note:

The

was

as of February 2024

Single-Family Homes

There was an average of 30 days on the market, without price reduction, as of February 2024

Condos & Townhomes

No data for this month

Back to Table of Contents Median Sales Price Detached Residential Homes
median sales price
$319k
Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 0 5 10 15 20 25 30 Sold Above List Price Detached Residential Homes 12 6% of homes sold above their list price in February 2024 Condos & Townhomes No data for this month
Some historical data not available Condos & Townhomes No data for this month.
Some historical data not available
*Note:
Not PR Days On the Market
Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 000% 500% 1000% 1500% 2000% 2500% 3000% *Note: Some historical data
not available

Rockwall-Hunt Counties

What's in the Rockwall-Hunt Counties data?

The market for detached residential units saw 320 closed sales at a median price of $369k, and 12.2% of properties sold above their list price. There was a total of 487 new listings, providing a 3 6 month supply with an average of 27 days on the market without price reduction.

There was no data for condo and townhouse units this month.

New Listings 3.6 Months of Supply $369K Median Sales Price 12.2% Sold Above List Price 320 Closed Sales 27 Not Price Reduced Days on Market
487

No data for this month.

Co

unties

ACTIVE LISTINGS CLOSED SALES

Detached Residential Homes

Last 12 months, year-over-year

*Note: Some historical data not available

Nodatatodispla No data for this month.

Condos & Townhomes

Last 12 months, year-over-year.

*Note: Some historical data not available

Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 200 400 600 800 1000 1200 1,400 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 20 40 60 80 100

*Note:

The

was

as of February 2024

Not

Single-Family Homes

There was an average of 27 days on the market, without price reduction, as of February 2024

Condos & Townhomes

No data for this month

*Note: Some historical data not available

Back to Table of Contents Median Sales Price Detached Residential Homes
median sales price
$369k
Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 0 5 10 15 20 25 30 Sold Above List Price Detached Residential Homes 12 2% of homes sold above their list price in February 2024 Condos & Townhomes No data for this month
Some historical data not available Condos & Townhomes No data for this month.
Some historical data not available
*Note:
PR Days On the Market
Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 $0 $100,000 $200,000 $300,000 $400,000 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 000% 500% 1000% 1500% 2000% 2500% 3000%

Tarra

What's in th data?

The market for de

1,438 closed sale and 25.4% of pro There was a total 2.6 month supply the market witho

The market for co closed sales at a 26 3% of properti There were 137 n month supply wit market without p

2,323

1,438

2.6

25.4%

Homes Condo/Townhome Residences. Data ChartMaster Services, LLC. All the written permission of Williams Legacy. TREC# office is independently owned
New Listings
of Supply
Months
$345K Median Sales Price
Sold
Above List Price
Closed Sales 16 Not Price Reduced Days on Market
137 New Listings 3.7 Months of Supply $310K Median Sales Price 26.3% Sold Above List Price 24 Not Price Reduced Days on Market 76 Closed Sales

ant County

FEBRUARY 2023 - FEBRUARY 2024

ACTIVE LISTINGS CLOSED SALES

Detached Residential Homes

Last 12 months, year-over-year

*Note: Some historical data not available

Condos & Townhomes

Last 12 months, year-over-year.

*Note: Some historical data not available

Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 1000 2000 3,000 4,000 5,000 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 50 100 150 200 250 300

Not PR Days On the Market

Single-Family Homes

Condos & Townhomes

There was an average of 24 days on the market, without price reduction, as of February 2024

There was an average of 16 days on the market, without price reduction, as of February 2024 *Note:

Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 0 5 10 15 20 25 30
Some historical data
available Back to Table of Contents Median Sales Price Detached Residential Homes The median sales price was $345k as of February 2024 Sold Above List Price Detached Residential Homes 25 4% of homes sold above their list price in February 2024 Condos & Townhomes The median sales price was $310k as of February 2024 *Note: Some historical data not available Condos & Townhomes 26.3% of homes sold above their list price in February 2024.
Some historical data not available Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 $0 $100,000 $200,000 $300,000 $400,000 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 000% 1000% 2000% 3000% 4000% 5000%
not
*Note:

Keller Williams Legacy

TEAM NAME: Schell & Sivils Home Group

EMAIL: cindy@schellandsivils.com

titia@schellandsivils.com

WEBSITE:

https://www.schellandsivils.com/

Preston Rd, Plano,
3600
TX 75093
Cindy Schell & Titia Sivils
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