Is Knox City, TX 79529 a buyer’s or seller’s market?
Knox City is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Knox City housing market right now
In the three months ending August 31, 2026, 67% of homes in Knox City, TX 79529 sold above their list price and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold faster (420 days then) and the median sale price rose 187% to $344,851. Overall, Knox City is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Benjamin 79505 (0% sold over asking) or Munday 76371 (20% sold over asking).
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Questions about Knox City real estate
Is Knox City a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Knox City, TX 79529 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
Do homes in Knox City sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 109.2% of the list price.
What are property taxes in Knox City?
About 1.60% of a home’s value a year in Knox County, or roughly $6,400 on a $400,000 home.
What is the median home price in Knox City?
The median sale price was $344,851 in the three months ending August 31, 2026, about $112 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