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Tyler, TX Housing Market

The Tyler housing market is somewhat competitive. Homes in Tyler receive 1 offers on average and sell in around 66 days. The median sale price of a home in Tyler was $240K last month, -41.8% since last year.

Tyler Market Trends

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

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

-41.8%
The average home value in Tyler has dropped slightly by -41.8%.
$240K
The median sale price for a home in Tyler has remained strong at $240K.

Tyler Real Estate

Learn more about the Tyler market

In the last 30 days, homes for sale in Tyler, TX sold for a median price of $240K, -41.8% compared to the same period last year. The median price per square foot was $150, -16.7% year-over-year. There were 93 homes sold, down from 393 last year. Homes typically received 1 offers and stayed on the market for around 66 days.

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Texas Acquisition Manager

Meet our Tyler Expert, Andy

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

By requesting and offer you're confirming that you agree with our Terms and Conditions.
Offer Requested!

Selling Your Home in Tyler, TX: Maximizing Your Return

Selling your home can be both an exciting and daunting experience, especially in a bustling market like Tyler, TX. With the right strategy, you can ensure a smooth sale and gain the most profit from your investment. In this article, we'll explore the current market trends, the value of smart renovations, and an option to sell directly, all designed to help you achieve top dollar for your home.

Understanding the Market Dynamics

In recent months, the real estate market in Tyler has shown resilience and growth. Despite national market fluctuations, Tyler remains attractive due to its combination of affordability, stable economic conditions, and lower density compared to major Texas cities. However, the market is competitive, with homes spending an average of 66 days on the market and generally receiving a single offer. This highlights the importance of pricing your home correctly and ensuring it stands out to potential buyers.

Home Improvements That Pay Off

If you're considering upgrading your home before selling, focus on renovations that provide a solid return on investment (ROI). Here are a few top renovations to consider:

  • Kitchen Remodel: A kitchen update, which could range from $15,000 to $50,000, offers an ROI of 60% to 80% and is a surefire way to enhance a home's appeal.
  • Bathroom Remodel: Spend $10,000 to $20,000 here, and you could enjoy a 60% to 70% ROI. A modern bathroom can sway many buyers.
  • Curb Appeal Enhancements: First impressions matter. Spending $5,000 to $15,000 can yield a 70% to 90% ROI.
  • Energy-Efficient Improvements: With energy costs in mind, investing $5,000 to $15,000 in these can deliver an ROI of 60% to 80%.

Remember, while these upgrades can add value, it's crucial to align them with buyer expectations in Tyler. Consult with a local real estate professional to understand which adjustments will resonate most with prospective buyers.

Skipping the Renovations: A Direct Sale Option

For homeowners who want to avoid the hassle and expense of renovations, selling your home directly to a company like Frontdoor could be an appealing alternative. This option can offer a faster sales process and eliminate the stress of preparing a home for the market.

Market Insights to Consider

The current Tyler real estate climate favors sellers, given the limited number of homes on the market. However, prices have adjusted from previous pandemic peaks, with the median sale price now at $240K and a year-over-year decrease in sale price per square foot by 16.7%.

Understanding these trends can help set realistic pricing strategies, maximizing the chances of a quick, profitable sale. Collaborating with a knowledgeable real estate agent can provide essential advice tailored to your neighborhood and property specifics.

Final Thoughts

Selling your home in Tyler, TX, presents a wonderful opportunity to capitalize on a strong and vibrant market. Whether you choose to make thoughtful renovations or sell directly to a company for convenience, being informed and strategic will put you on the path to a successful sale. Remember, each choice—from pricing to upgrades—should align with local market conditions and your personal goals to ensure a rewarding selling experience.

Request your custom offer today

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

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Sell your Tyler home

Request a competitive offer

Step 1

Step 1: Share Unique Details About Your Home

When selling your home, it's crucial to highlight what makes it special. Does it have a big backyard, updated kitchen, or charming historic features? Sharing these unique details helps Frontdoor attract the right buyers and get you the best offer.

Step 2

Step 2: Compare to Other Homes in Your Neighborhood

Check out other homes for sale in your Tyler neighborhood. See how your home stacks up in terms of size, condition, and features. This comparison helps with pricing your home competitively and understanding what makes it stand out.

Step 3

Step 3: Speak to a Tyler Market Expert

Talk to a local real estate expert who knows the Tyler market inside out. Their insights will help you price your home just right. They can also explain current market trends and how local conditions might affect your sale.

Comparison

Why you’ll love working with us

Let’s compare the sale of a $550,000 home in Tyler, 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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