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Caddo Mills Real Estate Market Update
Latest Update: May 8, 2025
📊 Key Highlights This Month:
• Median price up 1.4% to $299,490
• Closed sales down 41.2% YoY
• Average transaction time: 205 days
🏠 Home Prices: Stable with Modest Growth
The median home price in Caddo Mills was $299,490 in April 2025 — a 1.4% increase from the prior year. Despite fewer sales, pricing has remained steady as the local market sees a rise in newer inventory and limited high-end competition.
📈 Fewer Sales, More Listings
Closed sales fell sharply to 10 homes (▼ 41.2% YoY), while active listings rose to 52 (▲ 44.4%). Months of inventory landed at 4.1, down slightly from April 2024, suggesting a moderately balanced market with more options for buyers.
⏱ Transactions Taking Much Longer
Days on Market: 184 (119 days longer than April 2024)
Days to Close: 21 (8 days faster)
Total Transaction Time: 205 days (111 days longer YoY)
Other metrics include a median price per square foot of $135.88 (▼ 15.9%), a median home size of 2,204 sq ft, a median build year of 2024, and a close-to-original list price ratio of 93.3%.
What Sellers Need to Know
- ✅ Fewer sales: Closings are down 41% — buyers are selective and patient.
- ✅ Pricing is steady: Median price is holding, but overpricing can lead to long delays.
- ✅ Plan for time: The average home now takes 205 days from list to close.
- ✅ New homes dominate: Median year built is 2024 — newer inventory is attracting attention.
- ✅ Be flexible: Homes are closing at 93.3% of original list price — negotiation is expected.
What Buyers Need to Know
- ✅ Inventory is rising: Active listings up 44% means more selection and less pressure.
- ✅ Newer homes available: Most homes were built in 2024 — expect move-in ready options.
- ✅ Take your time: With homes sitting longer, buyers have time to shop and negotiate.
- ✅ Affordability improved: Price per sq ft is down 15.9%, offering more space for your budget.
- ✅ Still need strategy: A slower market doesn’t mean no competition — be prepared when the right home hits.
📍 Market Updates by City
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© 2025 Texas REALTORS® – Data used in this report come from the Texas REALTOR® Data Relevance Project, a partnership among Texas REALTORS® and local REALTOR® associations throughout the state. Analysis provided through a research agreement with the Real Estate Center at Texas A&M University.
