Kirstine's Market Report | Customize to your city below
Palo Pinto, TX
Single-Family Homes
The Openshaw Realty Group | Team@OpenshawRealty.com | 940-372-0044
Palo Pinto, TX
Mon Apr 28 2025
This week the median list price for Palo Pinto, TX is $517,000 with the market action index hovering around 21. This is an increase over last month's market action index of 20. Inventory has held steady at or around 12.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.
Real-Time Market Profile
| Median List Price | $517,000 | |
| Median Price of New Listings | $750,000 | |
| Per Square Foot | $278 | |
| Average Days on Market | 204 | |
| Median Days on Market | 161 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 12 | |
| Median Rent | ||
| Market Action | 21 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,299,000 | 2,942 | N/A | 4 | 2.5 | 11 | 0 | 0 | 154 |
| $750,000 | 3,118 | 10 - 20 acres | 4 | 4.5 | 35 | 1 | 1 | 231 |
| $399,900 | 1,264 | 2.5 - 5 acres | 2 | 2 | 65 | 0 | 0 | 84 |
| $205,000 | 2,672 | 1 - 2.5 acres | 3 | 2 | 10 | 0 | 0 | 231 |