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Wichita Falls, TX Housing Market

The Wichita Falls housing market is somewhat competitive. Homes in Wichita Falls receive N/A offers on average and sell in around 54 days. The median sale price of a home in Wichita Falls was $343K last month, +852.8% since last year.

Wichita Falls Market Trends

It’s still a good market to sell in Wichita Falls.

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

+852.8%
The average home value in Wichita Falls has increased by +852.8%.
$343K
The median sale price for a home in Wichita Falls has remained strong at $343K.

Wichita Falls Real Estate

Learn more about the Wichita Falls market

In the last 30 days, homes for sale in Wichita Falls, TX sold for a median price of $343K, +852.8% compared to the same period last year. The median price per square foot was $134, +197.8% year-over-year. There were 99 homes sold, down from 423 last year. Homes typically received N/A offers and stayed on the market for around 54 days.

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Texas Acquisition Manager

Meet our Wichita Falls Expert, Andy

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

By requesting and offer you're confirming that you agree with our Terms and Conditions.
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Maximize Your Home Sale: A Guide for Wichita Falls, TX

Selling a home is both an exciting and challenging journey, especially in a dynamic market like Wichita Falls, TX. With competitive trends and a diverse buyer pool, you'll want to ensure your home sells quickly and for the best possible price. Here’s how you can navigate the current real estate environment to maximize your profit.

Understanding the Wichita Falls Market

The Wichita Falls market has exhibited steady growth over the past year, with the median sale price at an impressive $343,000—a remarkable 852.8% year-over-year increase. Homes typically stay on the market for about 54 days, making Wichita Falls primarily a seller's market. With only 423 homes on the market, there's a high demand matched by limited supply, pushing up prices and closing the gap between asking and selling prices.

While many U.S. cities face volatile market shifts, Wichita Falls maintains a balanced momentum, offering homeowners the potential for lucrative sales in this steady environment.

Boosting Your Home’s Value with Smart Renovations

Assessing your home for enhancements is a wise first step. Prioritizing the right renovations can lead to a significant return on investment (ROI). Here are some projects to consider:

  • Kitchen Remodel: Modernize this essential space with energy-efficient appliances, new countertops, and updated lighting for a potential ROI of 60% to 80%.
  • Bathroom Remodel: Fresh fixtures, contemporary tiles, and a new vanity could increase your home's appeal, recovering 60% to 70% of your investment.
  • Exterior Improvements: New siding or a stone veneer will enhance curb appeal, offering a 70% to 80% ROI while leaving a stunning first impression.
  • Roof Replacement: High-quality roofing can elevate a home's perceived maintenance level, appealing to buyers' peace of mind with a 60% to 70% ROI.
  • Energy-Efficient Enhancements: With energy costs in mind, upgrades like smart windows and solar panels could net you a 60% to 80% ROI.

Skipping Renovations? Consider Selling Directly to Frontdoor

If the prospect of extensive renovations feels daunting, or if your timeline doesn't allow for home improvements, consider selling directly to Frontdoor. This option lets you bypass the traditional listing process and sell your home as-is, offering a streamlined experience with fewer hassles. Although you might sacrifice some value, you gain certainty and speed, which might suit your situation better.

Navigating Economic Influences

The economy in Wichita Falls is buoyed by diverse sectors such as healthcare and education, offering stability even amid national economic fluctuations. However, rising interest rates have introduced some caution among buyers, slightly cooling the fervor yet keeping demand steady due to the area's comparative affordability and lifestyle appeal.

Thinking Ahead: An Optimistic Outlook

While the real estate landscape is subject to the ebb and flow of economic pressures, Wichita Falls remains a promising market for sellers. Its blend of attractive home prices and stable local economy makes it a favored choice for both homebuyers and investors. Looking ahead, while price growth may decelerate, the intrinsic demand for homes in this versatile city will continue.

Ready to make your move in the Wichita Falls real estate market? Whether through smart renovations or a direct sale, you have the tools to optimize your home sale journey.

Request your custom offer today

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

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Sell your Wichita Falls home

Request a competitive offer

Step 1

Step 1: Share Unique Details About Your Home

Start by listing everything that makes your home special. Think about upgrades, the age of your appliances, and any recent renovations. The more details you provide, the better. This helps Frontdoor understand your home's true value.

Step 2

Step 2: Compare to Other Homes in Your Neighborhood

Look at how your home stacks up against others in Wichita Falls. Check what similar homes have sold for. This helps set a realistic price that attracts buyers while still getting you top dollar. Pricing your home right is key.

Step 3

Step 3: Speak to a Wichita Falls Market Expert

It's useful to talk to someone who knows your area well. A Wichita Falls market expert can offer insights into local trends and what buyers are looking for. Their expertise can guide you in making your home stand out on Frontdoor.

Comparison

Why you’ll love working with us

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