Residential Real Estate Market Snapshot for Mineral Wells, TX

By
Real Estate Agent with Source 1 Real Estate

Real Estate in Mineral Wells is a little unpredictable right now, as it is in many places.  This is only a snapshot report for our residential properties in Mineral Wells only.  It does not include outlying county areas.

Lowest priced active listing at:  $22,000

Currently, we have 126 active listings ranging in price from $22,000 to $32,900,000.00.  The highest priced being 3,290 acres of land. 

116 active lisings - currently for sale  (10 of these are foreclosures)  $22,000 to $32,900,000


6 active contingent - which means that there is a contract, but there is some type of condition that has to be met in order for the buyer to purchase the home (such as getting financing.)  $84,900 to $159,900

4 pending - waiting to go to closing  (2 of these are foreclosures)  $34,900 to $175,000

The average days on the market have been 174, with the shortest period of time being 6 days and the longest 922 days.

Lowest price sold for past 30 days

Within the past 30 days, we have had 11 residential properties sell, ranging in price from $33,500 to $385,000.

6 were sold for under $100,000
4 were sold for under $200,000
1 sold for under $400,000

The average days on market for a sold listing were 120.  The shortest being 3 days and the longest at 286 days.

Two of these sold properties were foreclosures.

As you can see, we have a very diverse selection of homes and property for sale in Mineral Wells.  If you would like more information on our area, please feel free to contact me at any time.

Posted by


Carolyn Shipp
Source 1 Real Estate
Mineral Wells, TX 76067
(940) 445-0006

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Rainmaker
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Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Carolyn, very nice market report for Mineral Wells!  Your average DOM is pretty brutal!  What part of Texas are you located?

Sep 12, 2011 02:26 PM #1
Rainmaker
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Carolyn Shipp
Source 1 Real Estate - Mineral Wells, TX
Mineral Wells Texas Real Estate

We are about an hour west of Ft. Worth.  Properties do stay on the market for a while here because we don't have any major employers that relocate here and we don't have a high median income.  Our buyers are not like the larger metropolitan markets.  Our county is large but the population is small. 

Sep 12, 2011 04:16 PM #2
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Rainmaker
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Carolyn Shipp

Mineral Wells Texas Real Estate
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