Welcome to this month's "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 14% from one year earlier and did not change from the previous month These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month... was just under 170-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 300% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. Meanwhile, The median sale price was just under 200-thousand dollars. Overall, The number of units sold Decreased 50% year-over-year and Decreased 67% month-over-month Fewer sales may be indicating more opportunity for buyers to negotiate better sales terms. 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.
Map Information for 75701 (Tyler, TX)
Area Information for 75701 (Tyler, TX)
Community Character:Stable Population, Moderate Residential Turnover
Population:34,351
Median Age:35.65 yr
Median Commute Time:13.7 mins
Educational Climate*:5
Recycling Likelihood**:96
Sales Tax:10%
Population Density:2,544/sq mi
Population Change Since 2000:11%
Closest Airport:Tyler Pounds Regional
Closest College:University Of Texas At Tyler
Closest Jr. College:Tyler Junior College
Median Household Income:$43,765
Annual Residential Turnover:17.37%
Median Years in Residence:3.86 yr
Median Home Sales Price:$112,700
Closest Major Sports Team:Dallas Mavericks / Dallas Stars
Change Avg. Household Income Since 2000:23%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for 75701 (Tyler, TX)
Median Age: 35.65Married: 39%Number of Households: 13,750Households with Children: 4,249
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)