Summerfields is seeing more homes available, with 45 properties on the market and inventory up 15.38 percent month over month. Even with more choices, 56 homes went under contract recently, though that’s down 13.85 percent from last year. Buyers also have 68 new listings to consider, which is about 9.33 percent fewer than a year ago.
Home values are edging higher, with a typical home value of about $289,000, up 3.25 percent year over year and 6.84 percent since last month. By comparison, Fort Worth as a whole has a higher typical home value of roughly $337,250 and has seen a slight 0.81 percent decline over the past year.
Pricing is adjusting gradually, with a median list price of $284,900 that has dipped 1.59 percent month over month, and homes selling for about 98.16 percent of asking price on average. Only about 13.95 percent of recent sales closed above list, and the median time on market has stretched to 75 days, more than doubling both month over month and year over year. Forecasts point to a projected typical home value of $298,250 and a projected median list price of $282,600 next month, alongside a small rise in inventory to 48 homes, while the market gauge of 8 still identifies Summerfields as a seller’s market. Whether you are a buyer trying to navigate shifting inventory or a seller working to price correctly, Agent Pronto can connect you with a local agent who understands these trends.
