The Terramar housing market is not very competitive. The median sale price of a home in Terramar was $565K last month, down 2.6% since last year. The median sale price per square foot in Terramar is $367, up 22.9% since last year.
What is the housing market like in Terramar today?
In March 2024, Terramar home prices were down 2.6% compared to last year, selling for a median price of $565K. On average, homes in Terramar sell after 105 days on the market compared to 37 days last year. There were 6 homes sold in March this year, up from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$565,000
-2.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Terramar, TX
$565,000
-2.6%
United States
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How hot is the Terramar housing market?
Terramar is not very competitive. Homes sell in 88 days.
0
100
21
Not 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
Multiple offers are rare.
The average homes sell for about 3% below list price and go pending in around 88 days.
Hot homes
can sell for about 1% below list price and go pending in around 58 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
96.1%
-2.2 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Terramar, TX
96.1%
-2.2 pt
United States
Home offer insights for Terramar
Explore recent offers and recently sold homes in Terramar
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 Terramar housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Terramar.
Risk Factor
Flood Factor - Extreme
98% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Terramar has an extreme risk of flooding. 636 properties in Terramar are likely to be
severely affected
by flooding over the next 30 years. This represents 98% of all properties in Terramar. Flood risk is increasing slower than the national average.
27% of properties are at risk of wildfire over the next 30 years
Fire Factor
Terramar has a moderate risk of wildfire. There are 179 properties in Terramar that have some risk of being affected by wildfire over the next 30 years. This represents 27% of all properties in Terramar.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Terramar has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Terramar is most at risk from hurricanes. 644 properties in Terramar 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 210 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 221 mph.