Ferris, TX Foreclosures
How much do homes sell for in Ferris, TX?
The average home price is currently $265,324.
In Ferris, TX, how many homes are available?
There are currently 2 active home listings available in Ferris.
What’s the average rental cost in Ferris, TX?
The average rental price in Ferris is $1,252.
What is the most expensive home in Ferris?
The most expensive home sold in Ferris had a price of $8,543,902.
What is currently the cheapest priced home in Ferris, TX?
The cheapest home for sale in Ferris is priced at $14,254.
Living in Ferris, TX
Ferris, Texas is a close-knit community with a family-friendly atmosphere and a rich history. Its small-town charm is complemented by a growing number of amenities and a welcoming spirit. Located just south of Dallas, residents enjoy suburban tranquility with easy access to the vibrant cultural and economic opportunities of nearby metropolitan areas.
Current Market Conditions in Ferris, TX
The real estate market in Ferris, TX is currently experiencing a steady growth trend, with home prices seeing an increase over the past year. The tight inventory available has resulted in quicker sales, making it a competitive market for buyers. The demand for homes is high, particularly due to Ferris' appealing suburban lifestyle and proximity to Dallas, attracting more families and individuals seeking affordable housing options without sacrificing quality of life.
While home prices have risen, the area still offers relatively affordable housing compared to larger cities nearby. The market is starting to attract more developers and builders, indicating a shift towards new construction in response to the demand for housing. As the community continues to develop, the economic prospects within the area are expected to grow, fostering further interest from homebuyers.
Home Value Estimator For Ferris, TX
There are currently 3,457 real estate properties
in Ferris, TX,
with a median automated valuation model (AVM) price
of $228,700.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ferris, TX, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Ferris, TX,
is $265,324.00, with the most expensive house
in Ferris, TX, topping out
at $8,543,902.00 and the cheapest home
in Ferris, TX,
clocking in at $14,254.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ferris, TX!
Rent Prices
In Ferris, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ferris, TX, is on
a rollercoaster ride. The
average rent price in Ferris, TX,
is $1,252.00. Indeed, when looking to rent in
Ferris, TX, you can expect to pay as little
as $630.00 or as much
as $3,290.00,
with the average rent median estimated to
be $1,250.00. The good news is that finding
an affordable and desirable property to rent in Ferris, TX
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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