Mansfield, Texas Real Estate Market Update Q3 2023

Greetings, Mansfield community and potential buyers in the Texas region! I am Realtor Mike Barnett, here to provide you with a detailed update on the real estate market trends in Mansfield for the 3rd quarter of 2023.

The Mansfield real estate market has shown remarkable resilience and growth, reflecting a promising landscape for homeowners and investors.

Here’s a breakdown of the key metrics that have defined the Mansfield, TX real estate market so far this year:

Mansfield Texas Property Availability:

  • Total Properties: 24,441
  • Median Bedrooms: 3
  • Median Bathrooms: 2

Mansfield Texas 2023 Market Activity:

  • Homes Sold: So far in 2023, a total of 941 homes have been sold in Mansfield, reflecting a vibrant market with a steady pace of transactions.
  • Homes Listed: Currently, there are 301 homes listed on the market, offering a diverse range of options for potential buyers.

Mansfield Texas Home Ownership:

  • The owner-occupied ratio is an impressive 76.8%, showcasing a strong community bond and a stable market.

Mansfield Texas Homes Living Space:

  • The average living area stands at around 2,740 square feet, with a median living area of 2,394 square feet, providing comfortable living spaces.

Mansfield Texas Home Pricing Trends:

  • The median estimated price of properties is approximately $434,446, indicating a market ripe for investment.
  • The median price per square foot is around $187, demonstrating competitive market value.

Mansfield Texas Homes Typical Lot Size:

  • The average lot size is about 1.12 acres, with a median lot size of 0.22 acres.

Mansfield Texas Homes Common Amenities:

  • Nearly 14.5% of properties feature a pool, making the Texas summers more enjoyable.

Mansfield continues to be a sought-after location for homebuyers and investors. The market trends reveal a thriving real estate environment, making it a favorable time for both buying and selling.

Whether you are looking to buy, sell, or simply stay updated on the Mansfield real estate market, feel free to reach out. I am here to help you navigate the market with confidence and ease.

Stay tuned for more updates as we transition into the final quarter of 2023.

Until then, happy house hunting!

Mike Barnett, Your Trusted Mansfield Realtor

Interested in exploring homes in Mansfield, Texas? Browse the latest Mansfield homes for sale and get in touch with Mike Barnett for personalized assistance.

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