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?
I can help...
Contact me for a confidential, no obligation assessment of your home's value.
What Every Homeowner Should Know About Their Equity
Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.
Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.
Home Equity: What Is It and How Much Do You Have?
Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000.
Collin County
What's in the Collin County data?
The market for detached residential units saw 1,339 closed sales at a median price of $500k and 26.4% of properties sold above their list price. There was a total of 2,101 new listings, providing a 3.1-month supply with an average of 12 days on the market without price reduction.
The market for condo and townhome units saw 70 closed sales at a median price of $395k and 17 1% of properties sold above their list price There were 123 new listings, providing a 4.5month supply with an average of 13 days on the market without price reduction.
New Listings 4.5 Months of Supply 17.1% Sold Above List Price
*Note:
Median Sales Price
Detached Residential Homes
The median sales price was $500k as of July 2024
Condos & Townhomes
The median sales price was $395k as of July 2024
*Note: Some historical data not available
Not PR Days On the Market
Detached Residential Homes
There was an average of 12 days on the market, without price reduction, as of July 2024
Condos & Townhomes
There was an average of 13 days on the market, without price reduction, as of July 2024.
*Note: Some historical data not available
Sold Above List Price
Detached Residential Homes
26 4% of homes sold above their list price in July 2024
Condos & Townhomes
17 1% of homes sold above their list price in July 2024
*Note: Some historical data not available
Dallas County
What's in the Dallas County data?
The market for detached residential units saw 1,501 closed sales at a median price of $373k and 31.1% of properties sold above their list price. There was a total of 2,307 new listings, providing a 3.1-month supply with an average of 11 days on the market without price reduction.
The market for condo and townhome units saw 290 closed sales at a median price of $310k and 23 1% of properties sold above their list price There were 528 new listings, providing a 4.5month supply with an average of 16 days on the market without price reduction.
There was an average of 11 days on the market, without price reduction, as of July 2024
Condos & Townhomes
There was an average of 16 days on the market, without price reduction, as of July 2024.
*Note: Some historical data not available
31 1% of homes sold above their list price in July 2024
Condos & Townhomes
23 1% of homes sold above their list price in July 2024 Detached Residential Homes
*Note: Some historical data not available
Denton County
What's in the Denton County data?
The market for detached residential units saw 1,216 closed sales at a median price of $477k and 29.1% of properties sold above their list price. There was a total of 1,796 new listings, providing a 3-month supply with an average of 12 days on the market without price reduction.
The market for condo and townhome units saw 46 closed sales at a median price of $384k and 13% of properties sold above their list price There were 81 new listings, providing a 3.8-month supply with an average of 15 days on the market without price reduction.
There was an average of 12 days on the market, without price reduction, as of July 2024
Condos & Townhomes
There was an average of 15 days on the market, without price reduction, as of July 2024.
*Note: Some historical data not available
Detached Residential Homes
29 1% of homes sold above their list price in July 2024
Condos & Townhomes
13% of homes sold above their list price in July 2024
*Note: Some historical data not available
Fannin-Lam Counties
What's in the Fannin-Lama Counties data?
The market for detached residential units closed sales at a median price of $259k a 21.1% of properties sold above their list p There was a total of 138 new listings, pro 5 8-month supply with an average of 18 d the market without price reduction.
There was no data for condo and townho this month.
No data for this month.
*Note: Some historical data not available
The median sales price was $259k as of July 2024
No data for this month Detached Residential Homes
& Townhomes
*Note: Some historical data not available
Not PR Days On the Market
Detached Residential Homes
There was an average of 18 days on the market, without price reduction, as of July 2024
Condos & Townhomes
No data for this month.
*Note: Some historical data not available
21 1% of homes sold
their list price in July
*Note: Some historical data not available
Grayson County
What's in the Grayson County data?
The market for detached residential units saw 209 closed sales at a median price of $340k and 21.5% of properties sold above their list price. There was a total of 331 new listings, providing a 5 1-month supply with an average of 22 days on the market without price reduction.
There was no data for condo and townhome units this month.
There was an average of 22 days on the market, without price reduction, as of July 2024
Condos & Townhomes
No data for this month.
*Note: Some historical data not available
21 5% of homes sold above their list price in July 2024
No data for this month
*Note: Some historical data not available
Kaufman County
What's in the Kaufman County data?
The market for detached residential units saw 300 closed sales at a median price of $312k and 14% of properties sold above their list price. There was a total of 511 new listings, providing a 4.7-month supply with an average of 18 days on the market without price reduction.
There was no data for condo and townhome units this month.