Is Terrell, TX 75161 a buyer’s or seller’s market?
Terrell is a balanced market. With about 5.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Terrell housing market right now
In the three months ending August 31, 2026, 23% of homes in Terrell, TX 75161 sold above their list price, the typical home went under contract in 64 days and there were 5.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 12%, homes sold faster (181 days then) and the median sale price fell 20% to $349,849. Overall, Terrell is more competitive than a year ago, so tougher for buyers.
Within Kaufman County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Rosser 75157 (0% sold over asking) or Crandall 75114 (8% sold over asking).
Run the numbers for 75161
Nearby markets
Crandall 75114Seller’s market $148 /sq ftForney 75126Balanced $153 /sq ftKaufman 75142Buyer’s market $172 /sq ftKemp 75143Buyer’s market $164 /sq ft Browse all markets →Towns like Terrell nearby
Find towns like Terrell in other states →Where Terrell is
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Questions about Terrell real estate
Is Terrell a buyer’s or seller’s market?
A balanced market: there were 5.7 months of supply in Terrell, TX 75161 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Terrell?
The typical home went under contract in 64 days in the latest three months.
Do homes in Terrell sell over asking?
23% of homes sold above their original list price, and the typical sale closed at 97.7% of the list price.
What are property taxes in Terrell?
About 1.68% of a home’s value a year in Kaufman County, or roughly $6,720 on a $400,000 home.
What is the median home price in Terrell?
The median sale price was $349,849 in the three months ending August 31, 2026, about $208 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology