Homes in South Hills South are moving at a measured pace in this rolling three-month view, with a median of 39 days on market, up sharply from a year ago. Even with the slower pace, a share of homes is still going under contract quickly, with about 12 percent going off market within two weeks. This shift in timing comes alongside a seller-leaning environment, as the area is rated a seller's market. Compared with the broader Fort Worth market, where there are 3.7 months of supply, local inventory is tighter at 2.7 months.
Pricing trends show a mixed picture. The typical home value over the latest three months is a little under $250,000 and is up more than 20 percent year over year, while the median list price has dropped compared with last year. Sellers are receiving just over 96 percent of list price on average, and only around 14 percent of homes are closing above list.
Supply and demand indicators suggest fewer options but more completed deals than a year ago. Active listings are down by roughly a third year over year, yet the number of homes sold has more than doubled, and pending sales are also higher than last year. New listings have pulled back, which may be helping keep months of supply below the Fort Worth average. With conditions shifting and numbers telling a nuanced story for both pricing and timing, buyers and sellers in South Hills South can benefit from Agent Pronto’s help in finding a local agent who understands this market.
