The Terrace-Bellaire housing market is very competitive. The median sale price of a home in Terrace-Bellaire was $235K last month, up 11.7% since last year.
What is the housing market like in Terrace-Bellaire today?
In March 2024, Terrace-Bellaire home prices were up 11.7% compared to last year, selling for a median price of $235K. On average, homes in Terrace-Bellaire sell after 47 days on the market compared to 65 days last year. There were 6 homes sold in March this year, up from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$234,500
+11.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Terrace-Bellaire, TX
$234,500
+11.7%
United States
To compare other locations to the Terrace-Bellaire and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Garland add value to a home.
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How hot is the Terrace-Bellaire housing market?
Terrace-Bellaire is very competitive. Homes sell in 29 days.
0
100
77
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 29 days.
Hot homes
can sell for around list price and go pending in around 17 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
Kimberlin Academy For Excel
Public • PreK-5 • Choice school
462
Students
10 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Terrace-Bellaire housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Terrace-Bellaire.
Risk Factor
Flood Factor - Moderate
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Terrace-Bellaire has a moderate risk of flooding. 71 properties in Terrace-Bellaire are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in Terrace-Bellaire. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
Terrace-Bellaire has a minor risk of wildfire. There are 24 properties in Terrace-Bellaire that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in Terrace-Bellaire.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Terrace-Bellaire has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Terrace-Bellaire is most at risk from hurricanes. 1,176 properties in Terrace-Bellaire have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 81 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 83 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Terrace-Bellaire has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Terrace-Bellaire have a Severe Heat Factor®.
Terrace-Bellaire is expected to see a 242% increase in the number of days over 110ºF over the next 30 years. Terrace-Bellaire is expected to experience 8