Briscoe County, TX housing market

What this means

• Prices. Home values are up 12.9% over the past year (U.S.: +1.2%), but still 31% below their 2022-23 peak.
• Supply. Listings are 53% below the 2017-19 norm and falling (−57% vs. a year ago): still a tight market.
• Negotiating. Buyer leverage is low (2/100; U.S.: 54): homes sell for about 24.1% below their final list price (as of Apr 2019); 0% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 33% of the median household income (U.S.: 35%); it takes about $50k a year to keep the payment at 30% of gross pay. That includes about $2,523 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $147 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from tornadoes, hail and wind.
• Outlook. Leaning up: likely −3% to +14% over the next 12 months (84% chance of a rise).

Next 12 months

Leaning up

Prices are more likely to rise than fall over the next year. Likely change: −2.8% to +13.6% (80% range; middle estimate +6.7%), chance of a rise 84%, of a 5%+ drop 6%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

ZIP codes in Briscoe County, TX