March 2025 Palestine TX Real Estate Report
March 2025 Palestine TX Real Estate Report
It seems these days like we are being blasted with information from so-called real estate experts on every newscast and on social media who are busy telling us how the real estate market is and what to expect in the future. So..are they right or wrong or somewhere in the middle?
We are knee deep in the local Palestine Texas market daily and always watching the changes. It’s our job and we live it and we love it! We have gathered the most up-to-date Palestine TX local MLS real estate market stats and info for Palestine & Anderson County area inventory, pricing and trends.
Is now the right time for you to buy or sell a house in Palestine TX? Let’s check out the last month’s worth of statistics in our local real estate market as we head towards the end of the 1st quarter of 2025!
At a glance: We are firmly in a buyer’s market. Inventory and days on market are rising.
What has been happening in the Market in the last 30 days?
How is the Palestine Tx real estate Market? March 2025 Palestine TX Real Estate Report– Housing Market Trends in Palestine TX– Local Palestine TX Real Estate Information
Is the 2025 Palestine TX Real Estate Market Amazing? Is the March 2025 Palestine TX Real Estate Market Terrible? Let’s see the REAL numbers!
In the last 30 days, the Palestine Texas Association of REALTORS® MLS had the following activity:
- Total # of Active MLS Real Estate Listings: 147
- New Palestine Real Estate Listings Added in last 30 days: 41
- Total Properties Sold in last 30 days: 19
- Average List Price (of homes sold in last 30 days) : $289,253
- Properties under contract / pending sale: 48
- List Price to Sales Price Average: 96.65 %(This means that if the property listed at $100,000 the average final sales price was $96,650. Keep in mind this is an average and not typical for every sale.)
- Average Days on Market was 174 Days
- Average Price per Square Foot for Homes Sold was $168.93 per square foot
- The median list price of new listings in the last 30 days is $225,000
- 25 properties came back active from pending/under contract status
- # of properties with price reductions in last 30 days: 46
2024 vs. 2025 Historical Palestine Texas MLS Market Comparisons – Now vs. a year ago?
How is the market looking this year in comparison to last year? Check out the comparisons in the Palestine, Texas real estate market during the same 30-day segment from a year ago vs. today. Highlights include:
In 2024, the average sold price was $235,106 and in 2025 is $275,071.
- There were 12 more homes sold in 2024 than in 2025.
- On average, Palestine Texas homes are selling 67 days slower this year as compared to last year.
How is the housing supply inventory in Palestine Texas 75801 75803 Real Estate Market??
That’s a lot of real estate trends and numbers, but what does this all mean and how does it correlate to how the real estate market really is in Palestine Texas MLS during March 2025?
As of today, the local Palestine Texas real estate market absorption rate is 7.73. What on earth does that mean? It means that if no other properties were listed for sale in Palestine, TX, it would take just under 8 months to run through the property inventory in Palestine, Texas. An absorption rate between 3-6 months is generally considered a balanced market. The absorption rate steadily increased over the last few months and we are firmly in a buyer’s market.
Call us if you are ready to buy or sell! Happy housing, y’all!
Lisa Priest likes to trend watch and is a Palestine, Texas Real Estate Broker / REALTOR® with Picket Fence Realty, Inc. You can reach her via phone at 903-729-7530 or read more at BuyPalestine.com
DISCLAIMER: This data was compiled from Palestine Area Association of REALTORS® Multiple Listing Service by Lisa Priest, Broker with Picket Fence Realty for informational purposes only. Please note that this data is for residential properties in Anderson county only. This data is current as of 3-31-2025 and is not a warranty of future market conditions of any kind. This information is deemed reliable but not guaranteed.
March 2025 Palestine TX Real Estate Report
