Is Wellman, TX 79378 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Wellman is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Wellman housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Terry County, TX

Population	289
Median income	$122,232
Average income	$118,052
Owner-occupied	83% of homes
Median year built	1965

Natural hazard riskHail (very high), tornadoes (relatively high), winter storms (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 79378; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 79378

Prefilled for 79378Can I win this house?Multiple-offer likelihood for a listing Prefilled for 79378Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Brownfield 79316Seller’s market $89 /sq ft Browse all markets →

Where Wellman is

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Questions about Wellman real estate

What are property taxes in Wellman?

About 1.69% of a home’s value a year in Terry County, or roughly $6,760 on a $400,000 home.

Local agents

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More tools for 79378

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Terry County property taxes Terry County loan limits Closing costs in Texas Hottest ZIP codes in Texas

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology