Corsicana, TX

The local market in Corsicana, TX (ZIP 75110) is currently categorized as Very Weak. Despite a modest month-over-month increase in the median listing price, year-over-year declines persist across key pricing metrics, and the pending ratio indicates limited transactional velocity relative to active supply.

The median listing price, at $249,900, shows a slight increase of 0.6% month-over-month, yet it remains down 10.7% over the past year. Similarly, the median price per square foot is $149, representing a 5.4% year-over-year decrease. Active listings have seen a modest 3.5% increase year-over-year to 120 units, while new listings have risen by 14.3% year-over-year to 32. The median days on market has extended to 78, an 8.3% increase over the past year, suggesting properties are taking longer to find buyers. The pending ratio stands at 0.23, a decrease of 5.1% year-over-year, indicating a slower pace of homes entering contract relative to the active inventory.

With a pending ratio of 0.23 and an increase in median days on market, the current environment points to a market where buyers are exercising significant negotiating leverage. The sustained year-over-year declines in median listing price and median price per square foot suggest a need for price discipline from sellers. The growth in active and new listings, combined with a slower pace of pending transactions, further alleviates any inventory pressure, enabling buyers more time and options.

The average listing price of $303,875 significantly exceeds the median listing price of $249,900, highlighting a segment of higher-priced properties within the total inventory. The average price has experienced a substantial 18.6% decline over the past year, indicating particular pricing challenges in the upper echelons of the market. The median price per square foot for all listings is $149.