TX · Metro #186

Amarillo - TX housing market

The Amarillo metro has a typical home value of $221,932, up 3.1% from a year ago. Homes are moving fast at 17 days on market, a strong seller's market. 23% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$221,932
+3.1% vs. year ago
Median sale price
$245,809
+5.6% YoY
Median list price
$274,817
Sale-to-list ratio
97.9%
Selling below ask
Days on market
17d
Listings w/ price cut
22.7%
New listings / mo
339
-5.6% YoY
Homes for sale
1,052
-21.4% YoY
Typical rent
$1,282/mo
+5.3% YoY
Context

How to read this data

The typical home value ($221,932) 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 3.1% over the past year. In Amarillo - TX, that means a home worth $215,259 last year is now worth roughly $221,932.

The median sale price , what homes actually close for , is $245,809. Homes are selling at 97.9% of list price, meaning buyers have room to negotiate.

Homes listed in Amarillo - TX sit on the market for roughly 17 days before going pending. Shorter = seller's market; longer = buyer's market.

About 22.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 339 new listings hit the market each month in Amarillo - TX. There are currently 1,052 homes for sale, down 21.4% from a year ago.

The typical monthly rent in Amarillo - TX is $1,282, up 5.3% 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$366,701 -3.0% 25.0d
Houston - TX$308,933 -2.1% 33.0d
San Antonio - TX$280,370 -1.9% 37.0d
Austin - TX$426,944 -5.7% 45.0d
McAllen - TX$194,546 +0.4% 83.0d
El Paso - TX$233,297 +1.7% 30.0d
Get new posts in your inbox. No spam, unsubscribe anytime.