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Is Hemphill, TX 75948 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Hemphill is a buyer’s market. With about 32.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply32.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list91.4%Sold price ÷ list price
Median days on market22Listing to accepted offer
Median price per sq ft$168▼ −4.1% vs. last year

The Hemphill housing market right now

In the three months ending August 31, 2026, 0% of homes in Hemphill, TX 75948 sold above their list price, the typical home went under contract in 22 days and there were 32.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 7 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (83 days then) and the median sale price rose 9% to $249,892. Overall, Hemphill is more competitive than a year ago, so tougher for buyers.

Run the numbers for 75948

Prefilled for 75948Can I win this house?Multiple-offer likelihood for a listing Prefilled for 75948Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Milam 75959Buyer’s market $151 /sq ftPineland 75968 — /sq ft Browse all markets →

Towns like Hemphill nearby

Find towns like Hemphill in other states →
Broaddus, TX75929 · 25 miles away88% similarsmaller Milam, TX75959 · 9 miles away75% similarcheaper homes ($26K less) · smaller Bronson, TX75930 · 12 miles away66% similarcheaper homes ($77K less) · smaller Brookeland, TX75931 · 19 miles away64% similarpricier homes ($47K more) · smaller

Where Hemphill is

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Questions about Hemphill real estate

Is Hemphill a buyer’s or seller’s market?

A buyer’s market: there were 32.4 months of supply in Hemphill, TX 75948 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 Hemphill?

The typical home went under contract in 22 days in the latest three months.

Do homes in Hemphill sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 91.4% of the list price.

What are property taxes in Hemphill?

About 0.82% of a home’s value a year in Sabine County, or roughly $3,280 on a $400,000 home.

What is the median home price in Hemphill?

The median sale price was $249,892 in the three months ending August 31, 2026, about $168 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