Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
The median asking price in Amarillo is about $322,000 as of Sep 2026, up 4.5% from a year ago. That is the asking price on listed homes, so sold-price and home-value sites show different numbers (why).
Only if you move fast. Sellers have more pull in Amarillo than usual. Compared with 2017–2019 at this time of year, there are 33% fewer homes for sale, and there are 42 pending sales per 100 listings, against 35 then. Good homes go under contract quickly. If you want one, be ready to move in days.
Amarillo asking prices per square foot were above the year before in 82% of months since the data starts. Within a year, the cheapest and priciest months differ by about 9.1%. That is bigger than the yearly trend, so timing your purchase matters here. Nothing in Amarillo's numbers is far from its own normal. Your return comes from the property and the price you negotiate.
The median asking price is 8.4% below its Jun 2023 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Amarillo prices have risen in 91 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
If you plan to sell in the next two years, move it up. This much buyer demand does not last. Right now it does your negotiating for you.
HUD sets one fair market rent for Potter County. For fiscal year 2026:
The figures include tenant-paid utilities and apply to all of Potter County, so one home's rent can sit well above or below them. See fair market rent by city.
Ranked among the 77 Texas markets we track:
For every 100 homes still for sale, 42 are under contract. In 2017–2019 at this time of year it was 35. The rest are still waiting for a buyer. About 1 in 5 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.
The typical Amarillo listing has been on the market 51 days. That is 12% shorter than a year ago. There are 663 homes for sale in Amarillo. That is 3.2 times the tightest month on record, but below the peak of 1,075. Supply is shrinking against last year.
Read how rent-to-price works and how we read these numbers, then run the numbers on a deal.
The median asking price in Amarillo is about $322,000 as of Sep 2026, up 4.5% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Amarillo figures cover the 20 ZIP codes with an Amarillo mailing address, which can reach past city limits.
Sellers have more pull in Amarillo than usual. We compare Amarillo with 2017–2019 at this time of year: there are 33% fewer homes for sale; there are 42 pending sales per 100 listings, against 35 then; the typical listing has been up 14% fewer days.
The median asking price is 8.4% below its Jun 2023 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.
Across 9 full years, Amarillo asking prices ran lowest in January, about 5.2% below the year's average. They peaked in June. The most homes for sale show up in October, about 6% above the yearly average.
Assume +3.1% a year. Amarillo has grown about 3.1% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices rose 1.4% over the last year. Use it for timing. The five-year rate is the better guide.
HUD's fiscal year 2026 fair market rent for Potter County is $1,106 a month for 2 bedrooms and $1,503 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.
ZIP 79106 is on both lists. That is rare. It is the one place in Amarillo where leverage and growth overlap.
| ZIP | $/sqft, 2 yrs | $/sqft now | Buyers per home | For sale |
|---|---|---|---|---|
| 79124 | +8.9% | $197 | 0.36 | 76 |
| 79118 | +8.5% | $182 | 0.44 | 94 |
| 79121 | +6.4% | $152 | 0.37 | 30 |
| 79103 | +6.1% | $132 | 0.95 | 10 |
| 79106 | +3.2% | $129 | 0.28 | 78 |
Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.
Amarillo has 20 ZIP codes. Each links to its live market dashboard.
Closest matches on asking price, price per square foot, time on market, buyer demand, and price cuts.
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