Real Estate Market Update for 75160 (Terrell, TX)

Video: Real Estate Community Tour for 75160 (Terrell, TX)

See Real estate community tour for 75160 (Terrell, TX)
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 39% from one year earlier, and down 10% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 37%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 120-thousand dollars. The number of units sold decreased 14% year-over-year, and increased 26% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 75160 (Terrell, TX)
Area Information for 75160 (Terrell, TX)
  • Population: 24,245
  • Median Age: 35.89 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 202/sq mi
  • Population Change Since 2000: 26.56%
  • Closest Airport: Dallas Love Field
  • Closest College: Southwestern Christian College
  • Closest Jr. College: Eastfield College
  • Median Household Income: $47,499
  • Annual Residential Turnover: 21%
  • Median Home Sales Price: $128,567
  • Closest Major Sports Team: Dallas Mavericks
  • Change Avg. Household Income Since 2000: 23.18%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 75160 (Terrell, TX)
Median Age: 35.89 Married: 39% Number of Households: 8,435 Households with Children: 2,675
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 75160 (Terrell, TX)

      School Name Distance Type Grades School Rating Parent Rating
      Tisd Child & Adolescent School 3.9 mi Public K-12 0 0
      Kennedy Elementary School 4.4 mi Public 1-2 0 0
      W H Burnett Elementary 4.6 mi Public PRESCHOOL-K 0 0
      Phoenix Center 4.8 mi Public 9-12 0 0
      J W Long Elementary School 5.2 mi Public 3-6 1 0
      Dr Bruce Wood Intermediate School 5.8 mi Public 3-6 1 0
      Herman Furlough Jr Middle School 5.8 mi Public 7-8 2 0
      Terrell High School 5.9 mi Public 9-12 3 3
      Poetry Community Christian School 8.8 mi Private K-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 75160 (Terrell, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.