Mansfield Real Estate Market Extends Weakness in Price Cuts

On top of a solid downward trend in sellers reducing price, including 83 markdowns over the last 30 days, sales in the Mansfield market fell to 79 over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price dropped to $234,500, down from last week's $236,250. There are only three months of inventory available in Mansfield, so it's a seller's market, even with the decrease in sales.

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Demographic facts about Mansfield:

  • The median age of all homes in the area is 11 years old.
  • The area gets 1.2 inches of snow a year. (U.S. average: 25)
  • This area has an anticipated job growth rating of 72. (Scale: 1 = Worst, 100 = Best)
  • This area has an average school expenditure per student of $3,891. ($5,691 = national average)

Data reported through 10/12/2016

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Ask a local expert about this area:
Justin Henry Real Estate Advisors LLC
43 reviews
Red Phone Real Estate
Snapped 24 homes in this area
Keller Williams Realty
Snapped 2 homes in this area

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