79107 Housing Market Report February 2025Potter County, Texas

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Housing Prices in 79107, TX

How much do homes in 79107, TX cost?

Housing Market Conditions

Is 79107, TX a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

79107 is a Buyer's Market

Difference Since January 2025

Last month, 79107 has remained a Buyer's Market.

Insight

79107 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$191,146
+$74,146
+63.4%

Based on all homes sold in February 2025

Insight

Homes in 79107 have sold for 63.4% more than they did a month ago.

Summary: The median home sold price in 79107 was $191,146 in February 2025, up 63.4% from last month, and the median price per square foot was $0.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
79107
+63.4%
79106
+2.4%
79118
0.0%
79104
-44.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2$32K$125K
+290.6%
3$119K$211K
+77.3%
4--
N/A
5--
N/A

Summary: 79107 housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +290.6%. The home price for 3 bedroom homes increased by +77.3%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in 79107, TX

How many homes are available in 79107, TX?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
89Last MonthFeb 2025
722 months agoJan 2025
+23.6 %
Change MoMJan – Feb

Summary: The 79107 real estate market had 89 homes for sale in Feb 2025, a 23.6 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
9Last MonthFeb 2025
102 months agoJan 2025
-10.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
122
0.0%
21718
+5.9%
34152
+26.8%
41115
+36.4%
512
+100.0%

Summary: 79107 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +5.9%. The inventory for 3 bedroom homes increased by +26.8%. The inventory for 4 bedroom homes increased by +36.4%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in 79107, TX cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price6 Homes

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in 79107, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 79107 in February 2025, down by 10.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and and 67% were sold over asking.

Days on Market for 79107, TX

How long does it take to sell a home in 79107, TX?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days3 Homes

Over 90 Days1 Home

Insight

Many homes in 79107 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 9 homes were sold in 79107; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
34 DaysLast MonthFeb 2025
102 Days1 month agoJan 2025
-66.0 %
Change MoMJan – Feb

Summary: Homes in 79107 had an average listing age of 34 days in Feb 2025, down by 66.0% compared to the previous month.

Newest Listings in 79107, TX

What homes are available in 79107, TX?

Nearby markets

Nearby markets aren't available for 79107, TX

MLS Disclaimers and Copyright

Based on information from Amarillo Association of REALTORS MLS, for the period 01/01/2025 - 03/01/2025

IDX information is provided exclusively for consumers' personal, non-commercial use, that may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but not guaranteed accurate by the MLS. Source of this information is from Amarillo Association of REALTORS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 3/4/2025, 2:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.