Is Amarillo, TX 79118 a buyer’s or seller’s market?
Amarillo is a seller’s market. With about 3.3 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Amarillo housing market right now
In the three months ending August 31, 2026, 0% of homes in Amarillo, TX 79118 sold above their list price, the typical home went under contract in 35 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 117 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (48 days then) and the median sale price fell 2% to $245,844. Overall, Amarillo is more competitive than a year ago, so tougher for buyers.
Within Randall County, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 79118
Nearby markets
Amarillo 79109Seller’s market $142 /sq ftAmarillo 79110Seller’s market $143 /sq ftAmarillo 79119Seller’s market $191 /sq ftAmarillo 79121Seller’s market $156 /sq ft Browse all markets →Towns like Amarillo nearby
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Questions about Amarillo real estate
Is Amarillo a buyer’s or seller’s market?
A seller’s market: there were 3.3 months of supply in Amarillo, TX 79118 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 Amarillo?
The typical home went under contract in 35 days in the latest three months.
Do homes in Amarillo sell over asking?
0% of homes sold above their original list price.
What are property taxes in Amarillo?
About 1.51% of a home’s value a year in Randall County, or roughly $6,040 on a $400,000 home.
What is the median home price in Amarillo?
The median sale price was $245,844 in the three months ending August 31, 2026, about $163 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