TX · Metro #186

Amarillo - TX housing market

The Amarillo metro has a typical home value of $218,261, up 2.6% from a year ago. Homes sell in 25 days on average - a balanced market. 20% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$218,261
+2.6% vs. year ago
Median sale price
$247,553
+8.0% YoY
Median list price
$266,667
Sale-to-list ratio
97.4%
Selling below ask
Days on market
25d
Listings w/ price cut
20.4%
New listings / mo
310
+1.0% YoY
Homes for sale
1,078
-15.6% YoY
Typical rent
$1,297/mo
+4.0% YoY
Context

How to read this data

The typical home value ($218,261) is the Zillow Home Value Index for the Amarillo - TX metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.6% over the past year. In Amarillo - TX, that means a home worth $212,730 last year is now worth roughly $218,261.

The median sale price , what homes actually close for , is $247,553. Homes are selling at 97.4% of list price, meaning buyers have room to negotiate.

Homes listed in Amarillo - TX sit on the market for roughly 25 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 310 new listings hit the market each month in Amarillo - TX. There are currently 1,078 homes for sale, down 15.6% from a year ago.

The typical monthly rent in Amarillo - TX is $1,297, up 4.0% year over year. For investors, the price-to-rent ratio here is roughly 14x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in TX

MetroHome value1-yr changeDays on market
Dallas - TX$366,743 -3.5% 28.0d
Houston - TX$308,211 -2.0% 38.0d
San Antonio - TX$280,170 -2.1% 48.0d
Austin - TX$430,490 -6.0% 49.0d
McAllen - TX$192,808 +0.5% 82.0d
El Paso - TX$231,422 +1.5% 35.0d
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