The Terrace Meadows housing market is very competitive. The median sale price of a home in Terrace Meadows was $265K last month, up 54.1% since last year. The median sale price per square foot in Terrace Meadows is $124, up 22.8% since last year.
What is the housing market like in Terrace Meadows today?
In March 2024, Terrace Meadows home prices were up 54.1% compared to last year, selling for a median price of $265K. On average, homes in Terrace Meadows sell after 49 days on the market compared to 81 days last year. There were 6 homes sold in March this year, down from 9 last year.
$220K
Sale Price
+18.6% since last year
$124
Sale $/Sq. Ft.
+22.8% since last year
Under List Price
0.4%
Days on Market
27.5
Down Payment
—
Total Homes Sold
4
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How hot is the Terrace Meadows housing market?
Terrace Meadows is very competitive. Homes sell in 27.5 days.
0
100
78
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 around list price and go pending in around 28 days.
Hot homes
can sell for about 3% above list price and go pending in around 4 days.
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 Meadows housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Terrace Meadows.
Risk Factor
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Terrace Meadows has a moderate risk of flooding. 47 properties in Terrace Meadows are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Terrace Meadows. Flood risk is increasing faster than the national average.
Terrace Meadows has minimal risk of severe winds over the next 30 years
Wind Factor
Terrace Meadows has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Terrace Meadows has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Terrace Meadows have a Moderate Heat Factor®.
Terrace Meadows is expected to see a 142% increase in the number of days over 101ºF over the next 30 years. Terrace Meadows is expected to experience 7