TX · Metro #186

Amarillo - TX housing market

The Amarillo metro has a typical home value of $219,904, up 2.8% from a year ago. Homes sell in 20 days on average - a balanced market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$219,904
+2.8% vs. year ago
Median sale price
$251,065
+8.9% YoY
Median list price
$273,300
Sale-to-list ratio
97.9%
Selling below ask
Days on market
20d
Listings w/ price cut
21.8%
New listings / mo
328
-6.3% YoY
Homes for sale
1,067
-19.2% YoY
Typical rent
$1,293/mo
+4.3% YoY
Context

How to read this data

The typical home value ($219,904) is the Zillow Home Value Index for the Amarillo - TX metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.8% over the past year. In Amarillo - TX, that means a home worth $213,914 last year is now worth roughly $219,904.

The median sale price , what homes actually close for , is $251,065. Homes are selling at 97.9% of list price, meaning buyers have room to negotiate.

Homes listed in Amarillo - TX sit on the market for roughly 20 days before going pending. Shorter = seller's market; longer = buyer's market.

About 21.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 328 new listings hit the market each month in Amarillo - TX. There are currently 1,067 homes for sale, down 19.2% from a year ago.

The typical monthly rent in Amarillo - TX is $1,293, up 4.3% year over year. For investors, the price-to-rent ratio here is roughly 14x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in TX

MetroHome value1-yr changeDays on market
Dallas - TX$366,823 -3.3% 24.0d
Houston - TX$308,306 -2.0% 33.0d
San Antonio - TX$280,297 -1.9% 38.0d
Austin - TX$428,524 -6.0% 41.0d
McAllen - TX$193,978 +0.6% 79.0d
El Paso - TX$232,910 +1.6% 33.0d
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