Is Telephone, TX 75488 a buyer’s or seller’s market?
Telephone is a buyer’s market. With about 19.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Telephone housing market right now
In the three months ending August 31, 2026, 0% of homes in Telephone, TX 75488 sold above their list price, the typical home went under contract in 92 days and there were 19.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Within Fannin County, homes here sell faster than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Savoy 75479 (50% sold over asking) and Bonham 75418 (13% sold over asking) are even more competitive.
Run the numbers for 75488
Nearby markets
Bonham 75418Buyer’s market $136 /sq ftDodd City 75438Seller’s market $192 /sq ftEctor 75439Buyer’s market $166 /sq ftHoney Grove 75446 $240 /sq ft Browse all markets →Towns like Telephone nearby
Find towns like Telephone in other states →Where Telephone is
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Questions about Telephone real estate
Is Telephone a buyer’s or seller’s market?
A buyer’s market: there were 19.2 months of supply in Telephone, TX 75488 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 Telephone?
The typical home went under contract in 92 days in the latest three months.
Do homes in Telephone sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Telephone?
About 1.08% of a home’s value a year in Fannin County, or roughly $4,320 on a $400,000 home.
What is the median home price in Telephone?
The median sale price was $324,859 in the three months ending August 31, 2026, about $250 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