Sell your Amarillo home

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Amarillo, TX Housing Market

The Amarillo housing market is somewhat competitive. Homes in Amarillo receive N/A offers on average and sell in around 62 days. The median sale price of a home in Amarillo was $81K last month, N/A since last year.

Amarillo Market Trends

It’s still a good market to sell in Amarillo.

Even though the market has shifted across the U.S., Amarillo is still a good market to sell your home.

N/A
The average home value in Amarillo has remained stable with no significant change.
$81K
The median sale price for a home in Amarillo has remained strong at $81K.

Amarillo Real Estate

Learn more about the Amarillo market

In the last 30 days, homes for sale in Amarillo, TX sold for a median price of $81K, N/A compared to the same period last year. The median price per square foot was $41, N/A year-over-year. There were 191 homes sold, down from 808 last year. Homes typically received N/A offers and stayed on the market for around 62 days.

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Texas Acquisition Manager

Meet our Amarillo Expert, Andy

Andy will help you get the best offer in Amarillo with no repairs or showings.

By requesting and offer you're confirming that you agree with our Terms and Conditions.
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Maximizing Your Home Sale in Amarillo, TX: Tips for Sellers

Selling your home in Amarillo, Texas, is more than just listing it online and waiting for the buyers to roll in. The market is a complex landscape, influenced by trends, home improvements, and economic factors that each play a role in how quickly and profitably you can sell your home. Let's look into how you can navigate this process effectively to make top dollar on your sale.

Understanding the Amarillo Housing Market

Before you list your house, it's essential to get a sense of the Amarillo real estate market. As of 2023, the average days on the market is 62 days. With 808 homes currently listed and 191 homes sold recently, understanding the dynamics between supply and demand will help you set realistic expectations. The median sale price has been consistently lower than the list price, hovering around $81K, so pricing your home competitively is key.

Key Renovations to Boost Your Home’s Appeal

Many homeowners in Amarillo opt for renovations to increase their property's value. These enhancements not only make your home more attractive to buyers but also often yield a solid return on investment (ROI). Here are some renovations to consider:

  • Kitchen Remodel: Upgrades such as granite countertops, new cabinets, and modern appliances can yield a 60% - 80% ROI. Estimated costs range from $15,000 to $30,000.
  • Bathroom Remodel: Simple updates like improved lighting and updated fixtures can have a 50% - 70% ROI, costing between $10,000 - $20,000.
  • Curb Appeal Enhancements: From fresh paint to updated lighting, these can offer a 70% - 100% ROI and cost about $5,000 - $10,000.
  • Window Replacement and Deck Addition: Both improve home energy efficiency and outdoor living appeal, potentially offering a 65% - 85% ROI.

However, not every home seller wants to tackle these projects, especially if time or budget is an issue. That's where selling directly to a company like Frontdoor can save you time and effort. Without needing to carry out renovations, you can streamline the process, getting a fair market offer without the hassle.

Navigating Market Trends and Economic Factors

With Amarillo experiencing stable economic conditions and an uptick in housing inventory due to new constructions, the market is balanced. While affordability is an advantage here, rising interest rates mean that buyers are more cautious with their budgets.

Real estate experts suggest appealing to buyers' desires for value and space, focusing on the economic stability of Amarillo as a major selling point. Highlighting nearby attractions, job stability, and the low cost of living can also make your home stand out.

Final Thoughts

Selling your Amarillo home for top dollar takes a strategic approach. Whether you renovate or sell directly to a buyer like Frontdoor, understanding your local market and maximizing your home's appeal can help you achieve your goals. Remember, in a market that values affordability and space, showcasing the unique features of your home can set it apart and attract the right buyer.

For personalized advice, consulting with local real estate professionals can ensure that your strategy aligns with current market conditions and buyer expectations in Amarillo. Happy selling!

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Get an offer from Frontdoor and skip the hassle of renovations in Amarillo.

By requesting and offer you're confirming that you agree with our Terms and Conditions.
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Sell your Amarillo home

Request a competitive offer

Step 1

Step 1: Share Unique Details About Your Home

It's important to highlight what makes your home stand out. Whether it's a spacious backyard, modern appliances, or historic charm, these details can attract potential buyers. Providing an accurate description will help Frontdoor offer a fair and quick valuation.

Step 2

Step 2: Compare to Other Homes in Your Neighborhood

Take a look at other properties in Amarillo’s market. Understand how your home ranks in terms of size, price, and amenities. Knowing this will help you set a competitive price, which is crucial when selling fast.

Step 3

Step 3: Speak to an Amarillo Market Expert

Reach out to a real estate expert familiar with the Amarillo area. They can offer insights on local market trends and help you position your home correctly. This advice will ensure your pricing strategy aligns with the current demand, making it easier to secure a quick offer from Frontdoor.

Comparison

Why you’ll love working with us

Let’s compare the sale of a $550,000 home in Amarillo, TX.

                                                                                                                                                                                                                                                                                                                                           
Traditional SaleFrontdoor
Commission & Fees$33,000$0
Closing Costs$8,400$0
We pay all costs
Repair Costs$24,750$0
We pay all costs
Days on Market25 DaysImmediate Offer
Total SavingsSave $66,150

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