Dallas Area Residential Sales Report – Melissa, Texas

Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS. Today, I’m here to give you a market update for Melissa, Texas in December 2024.

Let’s start with the Months Supply of Inventory, which currently stands at 3.54 months. This means that if no new homes were to come on the market, it would take 3.54 months to sell all the existing inventory. Over the last 12 months, we’ve seen an increase of 84.38% in the Months Supply of Inventory, indicating a slight shift in the market.

Moving on to the Sold to List Price percentage, it currently sits at 97.1%. This means that on average, homes are selling at 97.1% of their listing price. This is a good indicator of the competitiveness of the market and can help both buyers and sellers gauge pricing strategies.

The median days on market in Melissa is 67 days, showing us that homes are selling relatively quickly in this area. This is important for sellers to consider when pricing their homes and for buyers to act fast on potential properties.

Finally, the median sold price in Melissa is $545,000. This gives us a snapshot of the current market value of homes in the area, which can be useful for both buyers and sellers in making informed decisions.

So, there you have it, a quick market update for Melissa, Texas in December 2024. If you have any questions or are interested in buying or selling in this area, feel free to reach out to me at the phone number or email address below. Thank you stopping by and come back for more updates in the future.