How Fast Homes Went Under Contract This Summer, by School District

Last week I graded the summer on price — how much of the original asking price sellers in each of our eight school districts actually kept. This week: same homes, same summer, one new question — from the day a home first hit the market, how many days until it went under contract?

A quick word on the counting, same as always. This is existing homes only, builders stripped out — a builder can sit on a spec house all year without feeling it the way a family does. And I'm starting the clock at the first list date and stopping it when the home goes under contract, not when it closes. Closing adds another month or so of paperwork after the handshake; the wait for the handshake is the number sellers actually feel.

Pilot Point ISD was the fastest market in our area this summer — the typical existing home went under contract in 30 days. Sanger ISD and Gainesville ISD came in right behind at about six weeks. Then the clock slows down: Whitesboro ISD at about nine weeks, Callisburg ISD at nearly twelve.

Now here's the part I find remarkable. Remember last week's finding — five districts kept about 95 cents of every asking dollar, three kept about 92, and nothing in between? Lay the stopwatch next to the report card and the map splits the same way twice. The 95-cent districts went under contract in about 44 days as a group; the 92-cent districts took about 64. That's three extra weeks of keeping the house showing-ready — and a smaller check at the end of it. There was no trade-off this summer where the slower districts at least held out for a better price. One side of the map won on both.

Two honesty notes. Tioga ISD, Collinsville ISD, and Valley View ISD only had a handful of sales, so they're printed faint on the chart with their sale counts — a hint, not a verdict. And Collinsville is the exception that proves how local this all is: its few sellers kept 95 and a half cents of the ask — top-tier pricing — but the typical one waited five months to get it. Hold your price, bring patience.

One more bit of texture from underneath those medians: about one in five existing homes went under contract inside two weeks — a priced-right home still moves fast around here — while roughly one in three took over 90 days. The clock isn't one number even inside a district.

So when someone asks me "how's the market," the honest answer is: which market — and are we talking about the price tag or the clock? A DFW-wide average can't tell you that your street sells in 30 days while a street twenty minutes away takes twelve weeks, or that its price holds at 95 cents while the other settles for 92. Thirty-four years of selling homes in our area is what lets me price your home for your street's negotiating table and set your calendar for your street's clock. If you're thinking about selling this fall, or you just want to know what both numbers look like on your street, I'm here to help.

Chance Kirby - Irick Real Estate

940.300.6900

Want to know what this means for your home? Call or text Chance Kirby at (940) 300-6900 for a free price opinion based on recent sales near you.