The 75147 zip code market reported another in a series of 30-day periods with zero home sales. The 75147 zip code usually averages 5.0 sales per month.
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Typically, 75147 zip code accounts for 5.2 sales per month. This time sellers weren't able to find buyers for their properties, resulting in yet another 30 day period of no sales.
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75147 is an average-sized zip code in Texas with 7,153 residents. Also, it has seen a 27.0% increase in population over the last 10 years. The 75147 zip code market almost exclusively consists of detached houses, accounting for 100% of the current homes in the area. The top school in the zip code is Mabank High School.
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The 75147 zip code market reported another 30-day period of zero home sales this week. The 75147 zip code usually averages 5.3 sales per month.
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Over the last 30 days, no deals were completed in the 75147 zip code market. The 75147 zip code is used to having 5.4 sales per month.
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The 75147 zip code market stayed sluggish this week as sales dropped 25.0% to land at three homes sold over the last 30 days. On the other hand, the close-by 75143 zip code registered 14 homes sold in the same period, the most of all surrounding zip codes. The median sales price continued to fall, trending downwards for four weeks to reach $145,000. Along with the falling prices, the relatively large 30 months of inventory means that the 75147 zip code is a solid buyer's market.
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The 75147 zip code market seems to be nearing a bottom, as the number of contracts executed fell to three, the lowest levels since January. Meanwhile, sales came in at four homes sold over the last 30 days. In comparison, 75156 led all other nearby zip codes with 35 contracts executed. Prices are rising in the 75147 zip code, and the median sales price this period increased from $99,875 to $142,375. With a downward trend in contracts numbers and 23 months of inventory still left to work through, the 75147 zip code is a definite buyer's market.
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$598K  
The 75147 zip code market saw sales remain flat this week with six homes sold over the last 30 days, while new listings rose to 22. Pricing in the 75147 zip code remains consistent from last week to this week, with the median sales price at $99,875 again. Along with flat sales, a relatively high 15 months of inventory indicates that the 75147 zip code is a solid buyer's market.
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75147 is a zip code in Texas, and is somewhat affluent with a median income of $44,576 per household. It's much younger than the rest of the state, with a median age of 41. It should be noted that at 67.4%, most people own their homes in the 75147 zip code. Heading the list of top schools in the zip code is Mabank High School.
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$345K  
The 75147 zip code market will be more intense, as not only have sales inched up this week to five homes sold over the last 30 days, but there is a solid upward trend of new listings, with 21 going live in the same time frame. Prices are falling in the 75147 zip code, and this period the median price of all sales fell from $294,750 to $60,000. Despite the uptick in sales, there are still 18 months of inventory left to work through, meaning the 75147 zip code is still a definite buyer's market.
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