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.
Yes, if you negotiate. Buyers have the upper hand in Amarillo right now.
You have the upper hand in Amarillo. Most homes for sale still have no buyer. Sellers are competing for you. Use it.
Only 51 out of every 100 homes for sale have found a buyer. The other 49 are still waiting. Your offer may be the only one on the table. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.
A typical Amarillo home takes 44 days to find a buyer. Half of them take even longer. That is 13% faster than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 590 homes for sale in Amarillo. That is 3.3 times the tightest month on record, but below the peak of 966. Supply is shrinking against last year.
Asking prices are 9.8% below their 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 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
The discount is already here. It is not getting bigger. Buy now while sellers are still weak. Waiting for a lower price stopped working a year ago.
Yes, if you negotiate. Buyers have the upper hand in Amarillo right now. 0.51 out of every 100 homes for sale have a buyer, 16% of sellers have cut their price, and a typical home takes 44 days to sell.
Asking prices are 9.8% below their 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.
+2.8%/yr. 1 year: +0.9% · 5 years: +2.8% · ten years: +4.5%. The five-year and ten-year rates agree. That is a durable trend, not a boom artifact. It is a fair long-run input. Measure growth per square foot. Amarillo median list price grew 3.6% a year, but price per square foot grew 4.5%. The gap is smaller homes, not weaker growth. The house you buy will not shrink. The one-year rate is a timing signal. It is not an underwriting input.
A typical Amarillo home takes 44 days to find a buyer. Half of them take even longer. That is 13% faster than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.
79102. Only 46 out of 100 homes there have a buyer, 23% have cut their price, and a typical home takes 65 days to sell.
Where it isn't: 79110 ranks #1,217 in the country for buyer demand. Expect the least room to negotiate there.
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 |
|---|---|---|---|---|
| 79121 | +8.4% | $160 | 0.83 | 23 |
| 79106 | +8.2% | $128 | 0.40 | 71 |
| 79119 | +6.6% | $199 | 0.43 | 133 |
| 79118 | +6.3% | $179 | 0.53 | 90 |
| 79109 | +1.2% | $140 | 0.76 | 99 |
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.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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