Groom, TX Foreclosures
How much do homes sell for in Groom, TX?
The average home price is currently $153,637.
In Groom, TX, how many homes are available?
There are currently 2 active home listings available in Groom.
What’s the average rental cost in Groom, TX?
The average rental price in Groom is $1,305.
What is the most expensive home in Groom?
The most expensive home sold in Groom had a price of $926,760.
What is currently the cheapest priced home in Groom, TX?
The cheapest home for sale in Groom is priced at $20,456.
Living in Groom, TX
Groom, Texas is a quaint community nestled along the Texas Panhandle, known for its rural charm and tight-knit atmosphere. While offering a tranquil lifestyle surrounded by nature, Groom remains connected to urban amenities due to its proximity to Amarillo. It's an ideal location for those seeking a peaceful getaway without straying too far from essential services.
Current Market Conditions in Groom, TX
The real estate market in Groom, TX remains stable, with a mix of affordable housing options and limited inventory. The community appeals to buyers looking for affordable rural properties, making it an attractive area for those considering a move from larger metropolitan markets.
Current trends indicate a steady appreciation in property values, driven by the appeal of lower living costs and the community’s family-friendly atmosphere. Many buyers are drawn to the simplicity of life in Groom and the potential for investment in residential properties.
Home Value Estimator For Groom, TX
There are currently 399 real estate properties
in Groom, TX,
with a median automated valuation model (AVM) price
of $119,497.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Groom, 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 Groom, TX,
is $153,637.00, with the most expensive house
in Groom, TX, topping out
at $926,760.00 and the cheapest home
in Groom, TX,
clocking in at $20,456.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Groom, TX!
Rent Prices
In Groom, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Groom, TX, is on
a rollercoaster ride. The
average rent price in Groom, TX,
is $1,305.00. Indeed, when looking to rent in
Groom, TX, you can expect to pay as little
as $780.00 or as much
as $2,190.00,
with the average rent median estimated to
be $1,270.00. The good news is that finding
an affordable and desirable property to rent in Groom, 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.
Learn more on Foreclosure homes
