79512 Housing Market Report February 2025•Mitchell County, Texas

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Housing Prices in 79512, TX

How much do homes in 79512, TX cost?

Housing Market Conditions

Is 79512, 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

79512 is a Buyer's Market

Difference Since January 2025

Last month, 79512 has remained a Buyer's Market.

Insight

79512 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.
$129,000–
+$89,000
+222.5%

Based on all homes sold in February 2025

Insight

Homes in 79512 have sold for 222.5% more than they did a month ago.

Summary: The median home sold price in 79512 was $129,000 in February 2025, up 222.5% from last month, and the median price per square foot was $0.

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$40K-
N/A
3$139.9K$210K
+50.1%
4-$48K
N/A
5--
N/A

Summary: 79512 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 did not change. The home price for 3 bedroom homes increased by +50.1%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does 79512, TX compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

79512, TX

Housing supply in 79512, TX

How many homes are available in 79512, 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
32Last MonthFeb 2025
332 months agoJan 2025
-3.0 %
Change MoMJan – Feb

Summary: The 79512 real estate market had 32 homes for sale in Feb 2025, a 3.0 % decrease 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
2Last MonthFeb 2025
32 months agoJan 2025
-33.3 %
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
111
0.0%
21110
-9.1%
31616
0.0%
444
0.0%
511
0.0%

Summary: 79512 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 decreased by -9.1%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 79512, 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 Price1 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in 79512, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 79512 in February 2025, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.

Days on Market for 79512, TX

How long does it take to sell a home in 79512, TX?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Many homes in 79512 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 2 homes were sold in 79512; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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
90 DaysLast MonthFeb 2025
150 Days1 month agoJan 2025
-40.3 %
Change MoMJan – Feb

Summary: Homes in 79512 had an average listing age of 90 days in Feb 2025, down by 40.3% compared to the previous month.

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Newest Listings in 79512, TX

What homes are available in 79512, TX?

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Nearby markets aren't available for 79512, TX

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MLS Disclaimers and Copyright

Based on information from Permian Basin MLS, and North Texas Real Estate Information Systems Inc. for the period 01/01/2025 - 03/01/2025

Based on Information provided by the Multiple Listing Service of the Permian Basin Board of REALTORS®. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All the information provided must not be reproduced or redistributed. Copyright © 2025 Permian Basin Board of REALTORS®. All rights reserved.
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: 3/14/2025, 4:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX ©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 3/14/2025, 4:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.