The 2023 real estate market in Celina, Texas experienced notable activity, with 1,266 homes sold despite the headwinds of an average 7% mortgage rate. This analysis delves into key trends, pricing shifts, and standout properties, providing an insightful overview of the market’s evolving dynamics.

Total Homes Closed

A total of 1,266 homes closed in 2023, a 39.4% increase from the prior year. Of these, new construction homes contributed significantly, with 720 units sold. Additionally, 79 homes with pools were sold, reflecting steady demand for properties with premium amenities.

Property Pricing Insights

• Minimum Price: $100,000
• Maximum Price: $5,000,000
• Average Price: $663,229
• Median Price: $620,298

Although the average price slightly decreased compared to the previous year, this reflects a broader range of transactions and adjustments for affordability among buyers.

Property Size and Features

• Bedrooms: Most homes had 4 bedrooms on average.
• Bathrooms: Typically, 3 bathrooms were included, offering practical layouts for families.
• Square Footage: The average home was 2,909 square feet, with a median size of 2,902 square feet.
• Lot Size: Properties averaged 0.365 acres, with premium homes offering significantly larger lots, like the 53-acre luxury sale.

Market Dynamics

• Days on Market (DOM): Homes stayed on the market for an average of 55 days, highlighting slower absorption rates compared to faster-moving markets in prior years.
• Average ClsPr/LstPr (Close Price to Listing Price): 97.61%, showing slight price negotiation in transactions.
• Average ClsPr/OLP (Close Price to Original Listing Price): 102.86%, suggesting some homes required competitive adjustments to capture buyer interest.
• Average Price per SqFt: $228.62, demonstrating robust pricing for space efficiency.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2023

Electricity prices dropped slightly to $0.17 per kilowatt-hour in 2023, compared to $0.18 in 2022. While this small decrease provided some relief, energy-efficient homes remained a top priority for homebuyers. Such features offered long-term cost savings that appealed to budget-conscious households.

Average Price for Regular Gasoline in Texas in 2023

Gas prices fell to $3.06 per gallon in 2023, down from $3.47 the previous year. This decline could have renewed interest in suburban properties by making commutes more affordable. homebuyers may have placed higher importance on access to amenities and infrastructure to balance the potential for rising future gas prices.

Average 30-Year Fixed Mortgage Rate in 2023

Mortgage rates increased to 7.00% in 2023, up sharply from 5.53% the prior year. This jump added significant pressure to affordability and homebuyers’ decision-making. Pre-approvals through local mortgage loan originators became essential in helping buyers secure competitive rates and stay within budget during challenging conditions.

Curious about today’s mortgage rates and the home you can comfortably afford?

Submit a no-obligation mortgage application today and get pre-approved to determine your budget and take the first step toward homeownership with confidence.

Summary of Real Estate Market Analysis for Celina, TX in 2023

The 2023 real estate market in Celina, Texas stood out as a year of adaptation and resilience. With higher mortgage rates averaging 7%, both buyers and sellers had to adjust their approaches. Creative strategies such as builder incentives, seller concessions, rate buy-downs, and seller financing played a critical role in keeping the market active. Despite these challenges, the guidance of experienced realtors ensured smooth transactions, highlighting the importance of informed decision-making in a competitive market.

Homebuyers and First-Time Homebuyers Perspective

For homebuyers, and especially first-time homebuyers, the 2023 market demanded preparation and adaptability. Securing mortgage pre-approval became more critical than ever, allowing buyers to understand their financial limits in a high-rate environment. Realtors played a significant role in navigating complex conditions, offering expert advice on market trends and guiding buyers toward favorable opportunities, including homes with seller financing or rate reductions. First-time buyers particularly benefited from realtors’ insights, which empowered them to make confident purchasing decisions despite the hurdles posed by higher borrowing costs.

Home-Sellers Perspective

Home sellers faced unique challenges in 2023, as higher mortgage rates reduced buyer affordability, often slowing transaction timelines. Many sellers leaned heavily on their realtors for effective marketing strategies and pricing advice. Realtors proved invaluable in showcasing properties to stand out in a crowded market and negotiating terms like closing concessions or assumable mortgages to attract buyers. By partnering with real estate experts, sellers were able to achieve positive outcomes despite the market’s shifting dynamics.

Final Thoughts

The 2023 real estate market in Celina, TX underscored the importance of being well-informed and prepared. Both buyers and sellers benefited from the guidance of experienced realtors who provided the knowledge required to understand market trends and craft tailored strategies. High mortgage rates brought new challenges, but also new solutions—including builder incentives, seller concessions, and creative financing options—that underscored the market’s ability to adapt. Ultimately, the collaboration between buyers, sellers, and skilled realtors allowed for successful outcomes, turning a challenging year into a period of opportunity for those ready to seize it.

Why Historical Statistical Data Matters in the Celina, Texas Real Estate Market

Did you know that Appraisers and Realtors rely on historical statistical data to determine a property’s current value?

The information presented above is just a small glimpse into the wealth of essential data available to help both homebuyers and sellers set realistic expectations and gain an initial understanding of the real estate market in Celina, Texas. Real estate transactions are intricate, and what you see here is merely a sample of the many factors at play in each deal in this city.

Beyond these insights, a comprehensive analysis is available that focuses on specific aspects like zip codes, neighborhoods, and homes within certain school districts in Celina. This granular data dives deeper into market trends, allowing for a precise understanding of local dynamics. Additionally, historical data plays a critical role in crafting informed strategies, providing the context needed to make confident decisions that align with your goals.

Meet Your Trusted Realtor and Mortgage Expert in Celina, Texas!

It’s All About You and Your Real Estate Goals!

My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals!
I’m passionate about helping homebuyers and home-sellers navigate the exciting real estate landscape in Celina, Texas! Whether you’re searching for your dream home, exploring land options, or looking for commercial properties, my Real Estate Services have you covered.

Contact me today for all your real estate needs in Celina, Texas! Call/text 214-940-8149

A Comprehensive Analysis of Single-Family Residential Housing Market in Celina, TX: 2010 to Present

Discover the trends, stats, and insights shaping Celina’s real estate market year by year!

The 2022 real estate market in Celina, Texas underwent notable transformations as rising mortgage rates redefined both buyer behavior and seller strategies. This analysis explores the key trends, pricing fluctuations, and standout properties, offering a comprehensive overview of the market’s shifting dynamics.

Total Homes Closed

A total of 908 homes were sold in 2022, representing a continued reduction from previous years. Among them, 309 were new construction homes, showing developers adapting cautiously to market trends. Also, 77 homes with pools were sold, highlighting sustained demand for luxury and lifestyle-enhancing features.

Property Pricing Insights

• Minimum Price: $143,000
• Maximum Price: $7,000,000
• Average Price: $687,117
• Median Price: $630,949

While the average and median prices reflect a strong demand for mid-to-upper-tier homes, the high-end market saw growth as evidenced by the significant increase in the maximum price compared to prior years.

Property Size and Features

• Average Bedrooms: 4
• Average Bathrooms: 3
• Average Square Footage: 2,861 sq. ft.
• Average Lot Size: 0.369 acres

Properties offered ample space for buyers, aligning with post-pandemic preferences for larger homes that accommodate flexible living arrangements.

Market Dynamics

• Average Days on Market (DOM): 27 days
• Average Close Price to Listing Price (ClsPr/LstPr): 102.28%
• Average Close Price to Original Listing Price (ClsPr/OLP): 101.36%
• Average Price Per Square Foot: $241.69

Homes moved briskly, often selling above the initial listing price. This trend reflects a still-competitive market despite cooling demand in some segments due to rising borrowing costs.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2022

Average electricity prices spiked to $0.18 per kilowatt-hour in 2022, a sharp increase from $0.14 in 2021. Higher energy expenses placed added strain on household budgets, driving demand for energy savings. Homes with modern insulation, solar installations, or energy-saving appliances gained significant appeal during this period.

Average Price for Regular Gasoline in Texas in 2022

Gas prices surged to $3.47 per gallon in 2022, jumping from $2.65 in 2021. The substantial increase in transportation costs likely swayed homebuyers to favor central locations or areas close to public transit. Long commutes to suburban or rural homes might have lost some appeal in light of elevated gas prices.

Average 30-Year Fixed Mortgage Rate in 2022

Mortgage rates climbed steeply to 5.53% in 2022, up from 3.15% the year before. The notable rise in rates significantly impacted affordability, persuading many to reassess their homeownership goals. Homebuyers were urged to secure pre-approval with a local mortgage loan originator to better understand their financial limits in a tightened market.

Curious about today’s mortgage rates and the home you can comfortably afford?

Submit a no-obligation mortgage application today and get pre-approved to determine your budget and take the first step toward homeownership with confidence.

Summary of Real Estate Market Analysis for Celina, TX in 2022

The 2022 real estate market in Celina, Texas reflected notable shifts, with rising mortgage rates playing a central role in shaping both buyer behavior and seller strategies. Despite these challenges, the market displayed resilience, with opportunities for both buyers and sellers to succeed when equipped with the right knowledge and support from experienced real estate professionals.

Homebuyers and First-Time Homebuyers Perspective

For homebuyers, especially first-time buyers, navigating the market required strong preparation and strategic planning. Mortgage pre-approval proved to be a critical step, allowing buyers to understand their financial limits and position themselves as credible contenders in competitive situations. The guidance of skilled realtors further enhanced the experience, offering invaluable market insights, negotiation expertise, and clarity in decision-making. Home-Buyers benefited greatly from staying informed, working with professionals, and adapting to economic changes such as fluctuating interest rates.

Home-Sellers Perspective

For home sellers, the year highlighted the importance of strategic pricing and marketing to attract buyers amidst a shifting landscape. Many relied heavily on the marketing strategies and expert advice of realtors to showcase their properties effectively and secure the best possible outcomes. From pricing homes accurately to promoting key features like pools or acreage, realtors provided the expertise needed to maximize property appeal. Sellers who partnered with professionals were better prepared to adjust to buyer demands and leverage concessions to close deals successfully.

Final Thoughts

Ultimately, the 2022 Celina, TX real estate market underscored that both buyers and sellers thrive when they are informed and prepared. Knowledgeable realtors played a vital role in providing the insights and strategies critical to navigating a dynamic market. For buyers, a pre-approved mortgage and the guidance of an experienced professional ensured smoother transactions and better outcomes. For sellers, the strategic advice and marketing acumen of realtors were essential elements for success. Whether buying or selling, a proactive approach and collaboration with a trusted real estate expert were the keys to achieving goals in an evolving market.

Why Historical Statistical Data Matters in the Celina, Texas Real Estate Market

Did you know that Appraisers and Realtors rely on historical statistical data to determine a property’s current value?

The information presented above is just a small glimpse into the wealth of essential data available to help both homebuyers and sellers set realistic expectations and gain an initial understanding of the real estate market in Celina, Texas. Real estate transactions are intricate, and what you see here is merely a sample of the many factors at play in each deal in this city.

Beyond these insights, a comprehensive analysis is available that focuses on specific aspects like zip codes, neighborhoods, and homes within certain school districts in Celina. This granular data dives deeper into market trends, allowing for a precise understanding of local dynamics. Additionally, historical data plays a critical role in crafting informed strategies, providing the context needed to make confident decisions that align with your goals.

Meet Your Trusted Realtor and Mortgage Expert in Celina, Texas!

It’s All About You and Your Real Estate Goals!

My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals!
I’m passionate about helping homebuyers and home-sellers navigate the exciting real estate landscape in Celina, Texas! Whether you’re searching for your dream home, exploring land options, or looking for commercial properties, my Real Estate Services have you covered.

Contact me today for all your real estate needs in Celina, Texas! Call/text 214-940-8149

A Comprehensive Analysis of Single-Family Residential Housing Market in Celina, TX: 2010 to Present

Discover the trends, stats, and insights shaping Celina’s real estate market year by year!

The 2020 real estate market in Celina, Texas demonstrated resilience despite the global disruption caused by the first year of the COVID-19 pandemic. With an increase in overall sales, a steady rise in new construction, and slight growth in pricing metrics, the market adapted to shifting buyer preferences and economic realities. This analysis explores key trends, pricing patterns, and standout properties, offering a comprehensive view of the evolving market dynamics.

Total Homes Closed

Celina experienced an impressive 1,248 home sales in 2020, a sharp increase compared to prior years. Of these, 751 were new construction homes, reflecting a 15.9% year-over-year growth in new builds. Additionally, 64 properties featured pools, satisfying the growing desire for in-home luxuries.

Property Pricing Insights

• Minimum Price: $90,000
• Maximum Price: $1,575,000
• Average Price: $409,484
• Median Price: $382,250

Though the average sales price saw growth, it remained balanced by a high volume of homes in the mid-range segment.

Property Size and Features

• Bedrooms: Properties ranged from 1 to 6 bedrooms, with an average of 4.
• Bathrooms: Homes included 1 to 11 bathrooms, with an average of 3.
• Square Footage: Size varied between 713 sq. ft. and 10,465 sq. ft., averaging 2,852 sq. ft.
• Lot Size: Covered from 0.014 to 25.65 acres, with the average lot at 0.366 acres.

Market Dynamics

• DOM: Homes spent an average of 77 days on the market, a noticeable improvement over 2019.
• Average ClsPr/LstPr: Properties sold for 97.71% of their listing price, indicating robust buyer demand and competitive market conditions.
• ClsPr/OLP: The close price against the original listing price averaged 96.22%.
• Price per Square Foot: The average price per square foot rose to $144.71, a 5.4% year-over-year increase, reflecting progressive value appreciation.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2020

Electricity prices returned to $0.13 per kilowatt-hour in 2020, slightly lower than 2019’s $0.14. This small decrease might have supported household budgets as the economy faced numerous uncertainties. Energy savings further highlighted the appeal of efficient homes, adding value to sustainable designs and energy-conscious upgrades.

Average Price for Regular Gasoline in Texas in 2020

Gas prices dipped to $1.82 per gallon in 2020, down significantly from $2.29 in 2019. Lower transportation costs provided financial relief to homebuyers, potentially boosting interest in suburban and rural areas where homes were larger and more affordable. The drop in gas prices gave buyers more flexibility in location choices.

Average 30-Year Fixed Mortgage Rate in 2020

Mortgage rates averaged just 3.38% in 2020, a steep drop from 4.13% the previous year. This marked an historic low, attracting a surge of homebuyers eager to lock in affordable financing. Pre-approval with local mortgage loan originators became an essential first step as buyers navigated increased competition in a hot market.

Curious about today’s mortgage rates and the home you can comfortably afford?

Submit a no-obligation mortgage application today and get pre-approved to determine your budget and take the first step toward homeownership with confidence.

Summary of Real Estate Market Analysis for Celina, TX in 2020

The 2020 real estate market in Celina, Texas demonstrated remarkable adaptability during a year of significant challenges, fueled by the impacts of the COVID-19 pandemic. The market’s robust performance—with an increase in homes sold, quicker sales cycles, and rising property values in key segments—is a testament to its resilience. This dynamic period created unique opportunities for both buyers and sellers, requiring strategic approaches from all participants.

Homebuyers and First-Time Homebuyers Perspective

For homebuyers, and especially first-time buyers, the low-interest-rate environment made 2020 a pivotal moment to enter or upgrade within the market. The historic drop in mortgage rates, coupled with growing inventory from new constructions, expanded options for budget-conscious and family-oriented buyers. However, increased competition required buyers to act quickly and strategically. Mortgage pre-approval was critical, enabling buyers to secure financing and strengthen their position in an active market. First-time homebuyers, in particular, benefited from careful planning and the availability of entry-level homes, which allowed them to achieve their homeownership dreams amidst favorable conditions.

Home-Sellers Perspective

For home sellers, the market offered significant advantages, particularly for those with updated or highly desirable properties. With days on market decreasing and close prices aligning closely with listing prices, sellers saw strong demand. Properties with features like added space, pools, and modern amenities were especially sought after, as buyers prioritized comfort and privacy during the pandemic. Still, strategic pricing remained essential to attract competitive offers and avoid prolonged market times, even in a highly active market.

Final Thoughts

The 2020 real estate market in Celina, TX reflected a year of resilience and transformation. Both buyers and sellers adapted to evolving circumstances, seizing opportunities presented by historically low mortgage rates and shifting buyer preferences. For buyers looking ahead, securing a mortgage pre-approval remains a key step in navigating a growing market efficiently and confidently. For sellers, understanding market trends and buyer priorities will remain essential as the market continues to evolve. With strong foundations and rising demand, Celina’s real estate market is well-positioned for continued growth and opportunity in the coming years.

Why Historical Statistical Data Matters in the Celina, Texas Real Estate Market

Did you know that Appraisers and Realtors rely on historical statistical data to determine a property’s current value?

The information presented above is just a small glimpse into the wealth of essential data available to help both homebuyers and sellers set realistic expectations and gain an initial understanding of the real estate market in Celina, Texas. Real estate transactions are intricate, and what you see here is merely a sample of the many factors at play in each deal in this city.

Beyond these insights, a comprehensive analysis is available that focuses on specific aspects like zip codes, neighborhoods, and homes within certain school districts in Celina. This granular data dives deeper into market trends, allowing for a precise understanding of local dynamics. Additionally, historical data plays a critical role in crafting informed strategies, providing the context needed to make confident decisions that align with your goals.

Meet Your Trusted Realtor and Mortgage Expert in Celina, Texas!

It’s All About You and Your Real Estate Goals!

My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals!
I’m passionate about helping homebuyers and home-sellers navigate the exciting real estate landscape in Celina, Texas! Whether you’re searching for your dream home, exploring land options, or looking for commercial properties, my Real Estate Services have you covered.

Contact me today for all your real estate needs in Celina, Texas! Call/text 214-940-8149

A Comprehensive Analysis of Single-Family Residential Housing Market in Celina, TX: 2010 to Present

Discover the trends, stats, and insights shaping Celina’s real estate market year by year!

The 2019 real estate market in Celina, Texas experienced a dynamic year, characterized by rising sales volumes and longer average time on the market. New construction homes served as a key growth driver, while pricing trends demonstrated both resilience and steady value appreciation. This analysis provides a deeper look into property features, pricing patterns, and noteworthy outliers.

Total Homes Closed

A total of 932 residential single-family homes were sold in Celina, TX during 2019, marking a significant increase from the previous year. Out of these, 648 were new construction homes, reflecting strong development momentum. Additionally, 47 homes included pools, providing insight into the demand for lifestyle-enhancing amenities.

Property Pricing Insights

• Minimum Price: $21,600
• Maximum Price: $1,220,000
• Average Price: $383,709
• Median Price: $365,000

Prices in 2019 reflected a broad range, catering to both entry-level families and affluent buyers. The balance between average and median values indicated that mid-range homes continued to dominate the market.

Property Size and Features

• Average Beds: 4
• Average Baths: 3
• Average Square Footage: 2,824 sqft
• Average Lot Size: 0.321 acres

Most homes offered spacious layouts ideal for families. The variation in lot sizes highlights a mix of urban and suburban properties catering to diverse buyer preferences.

Market Dynamics

• Days on Market (DOM): 101 days on average, with a median of 80 days.
• Average ClsPr/LstPr Ratio: 96.61%, indicating pricing alignment to buyer expectations.
• Average ClsPr/OLP Ratio: 93.43%, reflecting some price adjustments over original listing prices to close deals.
• Average Price per Square Foot: $137.24, showing a slight increase from the prior year, indicating steady property appreciation.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2019

The average electricity price in 2019 climbed to $0.14 per kilowatt-hour, up from $0.13 in 2018. This uptick added some pressure on household budgets, further solidifying the need for energy-efficient homes. Properties featuring solar panels or smart home technologies likely gained value as homebuyers sought ways to mitigate rising energy expenses.

Average Price for Regular Gasoline in Texas in 2019

Gas prices fell slightly to $2.29 per gallon in 2019, down from $2.44 in 2018. This small decline brought modest relief to transportation costs and may have encouraged suburban home purchases, where commuting distances tend to be longer. Homebuyers likely balanced fuel costs with home prices when making location decisions.

Average 30-Year Fixed Mortgage Rate in 2019

Mortgage rates averaged 4.13% in 2019, down from 4.70% the year before. This noticeable decline made homeownership more attainable for many homebuyers and likely spurred activity in the housing market. Pre-approvals through local mortgage loan originators remained key for buyers wanting to confidently pursue homes amid favorable rate conditions.

Curious about today’s mortgage rates and the home you can comfortably afford?

Submit a no-obligation mortgage application today and get pre-approved to determine your budget and take the first step toward homeownership with confidence.

Summary of Real Estate Market Analysis for Celina, TX in 2019

The 2019 real estate market in Celina, TX exhibited significant growth in transaction volume, marked by a rise in closed sales and a strong influence of new construction homes. While pricing trends revealed slight adjustments, the market maintained healthy dynamics with a steady appreciation in price per square foot. This conclusion will explore perspectives for homebuyers, including first-time buyers, and home sellers, wrapping up with final reflections on the market’s future trajectory.

Homebuyers and First-Time Homebuyers Perspective

For homebuyers, 2019 provided numerous opportunities, such as a wide pricing range and an influx of new construction homes with modern features. The wide pricing range—from entry-level homes to luxury estates—offered options for various budgets. First-time homebuyers especially benefited from the availability of affordable new construction properties. However, the average sales price and rising price per square foot highlighted the need for financial readiness. Securing mortgage pre-approval was critical for buyers to strengthen their offers.

Home-Sellers Perspective

Home-sellers in Celina benefited from a growing market with increased buyer interest. Properties priced strategically and reflective of their value achieved solid ClsPr/LstPr ratios, underscoring the importance of accurate pricing. New construction sellers saw particular success in 2019, leveraging modern designs and amenities. However, with certain properties lingering longer on the market, sellers were reminded of the importance of marketing efforts, pricing flexibility, and property readiness to appeal to potential buyers.

Final Thoughts

The 2019 real estate market in Celina, TX demonstrated resilience and growth, driven by steady development and active participation from both buyers and sellers. For homebuyers and sellers alike, adapting to market conditions and leveraging strategic tools like mortgage pre-approval or accurate pricing proved critical to their success. Looking ahead, the strong performance metrics signal continued opportunities in Celina’s real estate scene for those who stay informed and prepared for the market’s shifts.

Why Historical Statistical Data Matters in the Celina, Texas Real Estate Market

Did you know that Appraisers and Realtors rely on historical statistical data to determine a property’s current value?

The information presented above is just a small glimpse into the wealth of essential data available to help both homebuyers and sellers set realistic expectations and gain an initial understanding of the real estate market in Celina, Texas. Real estate transactions are intricate, and what you see here is merely a sample of the many factors at play in each deal in this city.

Beyond these insights, a comprehensive analysis is available that focuses on specific aspects like zip codes, neighborhoods, and homes within certain school districts in Celina. This granular data dives deeper into market trends, allowing for a precise understanding of local dynamics. Additionally, historical data plays a critical role in crafting informed strategies, providing the context needed to make confident decisions that align with your goals.

Meet Your Trusted Realtor and Mortgage Expert in Celina, Texas!

It’s All About You and Your Real Estate Goals!

My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals!
I’m passionate about helping homebuyers and home-sellers navigate the exciting real estate landscape in Celina, Texas! Whether you’re searching for your dream home, exploring land options, or looking for commercial properties, my Real Estate Services have you covered.

Contact me today for all your real estate needs in Celina, Texas! Call/text 214-940-8149

A Comprehensive Analysis of Single-Family Residential Housing Market in Celina, TX: 2010 to Present

Discover the trends, stats, and insights shaping Celina’s real estate market year by year!