Arlington Housing Market: Homes Selling Quickly

Here is how the real estate market is performing for Arlington area ZIP codes.

ARLINGTON, TX — The housing market cooled off slightly in the fall, but some experts predict that it will heat up again as winter approaches.

The national median sale price for homes sold in October was $378,700, which was up 0.9 percent from September, according to Redfin, a national real estate brokerage. The median sale price of homes grew at a slower rate than earlier in the year.

Seasonally adjusted home sales and new listings both fell in October compared with October 2020. However, pending sales rose 3 percent from September, which could be a sign that demand is picking up once again.

“Although October brought fairly typical seasonal cooling to the housing market, the latest home buying demand data suggests that the market is heating back up this month,” Redfin Chief Economist Daryl Fairweather said in a news release. “Homebuyers who were waiting until fall or winter to try to find a home in a less competitive market may be disappointed.” The supply of homes for sale remains historically low, and it likely won’t improve much until the second half of 2022, Fairweather said.

Arlington Housing Market

The median sale price for a single-family home in the 76010 ZIP code was about $220,000 from the beginning of August through the end of October, according to Redfin. That was 18 percent higher than the median price over the same period last year.

Redfin tracked 78 home sales during the same period, and more than half sold above list price. There were 101 new listings during this time, the firm said.

Prospective homebuyers have to be quick if they are looking for a home in the 76010 ZIP Code because more than three-quarters were under contract within two weeks of being listed.

ZIP code 76002

The median sale price for single-family homes in the 76002 ZIP code was $322,000 from August through October, according to Redfin; that was 24 percent higher than the median price over the same period last year.

Redfin tracked 123 home sales during the same period, and more than half sold for above list price. There were 115 new listings during this time, the firm said.

Prospective homebuyers have to be quick if they are looking for a home in the 76002 ZIP code because more than half were off-market within two weeks of being listed.

Zip code 76001

The median sale price for single family homes in the 76001 ZIP code was $325,000 from August through October, according to Redfin; that was 14 percent higher than the median price over the same period last year.

There were 158 homes sold during the same period, and more than half sold for above list price. Comparatively, 120 homes were newly listed.

Not every home went under contract quickly in 76001, but 49 percent went off-market within two weeks of being listed.

Additional single-family home information for Arlington ZIP codes. Information is from August-October 2021.

ZIP code 76012

Median sales price: $330,000
Median sales price year-over-year change: 19 percent
Homes sold: 91
New listings: 111
Homes sold above list price: 58 percent
Homes under contract within two weeks: 60 percent

ZIP code 76011

Median sales price: $350,000
Median sales price year-over-year change: 29 percent
Homes sold: 23
New listings: 19
Homes sold above list price: 61 percent
Homes under contract within two weeks: 50 percent

ZIP code 76006

Median sales price: $399,500
Median sales price year-over-year change: 21 percent
Homes sold: 36
New listings: 32
Homes sold above list price: 47 percent
Homes under contract within two weeks: 31 percent

ZIP code 76005

Median sales price: $530,563
Median sales price year-over-year change: 28 percent
Homes sold: 38
New listings: 51
Homes sold above list price: 29 percent
Homes under contract within two weeks: 75 percent

Source: Patch.com