Mercedes, TX
Housing market overview · Updated weekly
$229,000median sale price
Homes sold
3
Last 12 weeks
Days on market
119
Average pace
Active listings
72
24.0 months supply
Sale-to-list
103.2%
Above asking
The Mercedes housing market is currently classified as a leaning buyer's with a median sale price of $229,000. Prices have risen 10.9% compared to last year, with homes spending an average of 119 days on market, indicating 24.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Mercedes?
The median home sale price in Mercedes is $229,000, up 10.9% from last year.
How long do homes stay on market in Mercedes?
Homes typically spend 119 days on market before going under contract.
Is Mercedes a buyer's or seller's market?
With 24.0 months of supply, Mercedes is currently a leaning buyer's.
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