Home Values

Terrell Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Terrell is $95, which is lower than the Dallas-Fort Worth Metro average of $105. The median price of homes currently listed in Terrell is $160,000 while the median price of homes that sold is $108,306.

Foreclosures will be a factor impacting home values in the next several years. In Terrell 6.1 homes are foreclosed (per 10,000). This is greater than the Dallas-Fort Worth Metro value of 4.2 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Terrell is 7.3%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Terrell homeowners underwater on their mortgage is 17.2%, which is higher than Dallas-Fort Worth Metro at 9.3%.

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Relative ZHVI
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Terrell Market Overview

Data through Dec 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $160,000 Median listing price
  • $108,306 Median sale price (Oct 31, 2014)
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Terrell Market Health

Data through Dec 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 17.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

6.1 homes Terrell
4.2 homes Dallas-Fort Worth Metro
4 homes United States
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US Metro Areas

Name Median ZHVI
Los Angeles Metro $532,900
New York Metro $385,400
Washington Metro $366,000
Name Median ZHVI
Miami-Fort Lauderdale Metro $211,900
Philadelphia Metro $204,300
Chicago Metro $189,500
Name Median ZHVI
Atlanta Metro $155,000
Dallas-Fort Worth Metro $152,600
Houston Metro $152,600

Listings & Sales

Data through Dec 31, 2014
  • $95 Median list price / sq ft
  • $64 Median sale price / sq ft (Oct 31, 2014)
  • 14.0% Listings with price cut
21.2%
Sold below listing
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Terrell Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,102 Terrell
    $1,437 Dallas-Fort Worth Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.75 Rent list price / sq ft
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