Wellington, TX 79095 housing market

What this means

• Valuation. Prices are 36% below this area's pre-2020 price-to-income norm, cheaper relative to incomes than before the pandemic.
• Prices. Home values are down 3.5% over the past year (U.S.: +1.2%), 32% below their 2022-23 peak.
• Supply. Listings are 11% below the 2017-19 norm, still somewhat tight.
• Negotiating. Buyer leverage is low (33/100; U.S.: 54): homes sell for about 24.0% below their final list price (as of Oct 2023); 0% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 16% of the median household income (U.S.: 35%); it takes about $31k 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 $146 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from tornadoes, hail and wind.
• Outlook. No clear direction: likely −8% to +8% over the next 12 months (59% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.0% to +8.3% (80% range; middle estimate +1.3%), chance of a rise 59%, of a 5%+ drop 17%.

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.

Other ZIP codes in Collingsworth County, TX