Homes for Sale in Rockwall TX

Rockwall TX real estate has been experiencing rising property values throughout 2013 due to reduced inventory and increased demand. Homes for sale in Rockwall TX rose to $284,000 in 2013 and increased in value steadily throughout the year. Rockwall TX is an exclusive suburb within Dallas right next to Lake Ray Hubbard and is considered the third wealthiest county within the entire state. Family-oriented individuals will love the suburban atmosphere and fantastic educational system, while career-oriented individuals can take advantage of the suburb's close proximity to Dallas, which is one of the largest economic centers in the world.

Total home sales were 911 in 2015 vs. 937 in 2016. The average home sales price was $262,298 in 2015 vs. $287,362 in 2016, a 9.6% increase. 85% of the homes sold were between $150,000 and $399,000. In 2015 inventory for all construction types was 2.1 month’s supply and in 2016 it was up to 2.2 month’s supply. Rockwall is another “seller’s market” because of the tight inventory.

For single family resale homes, prices ranged from $254,619 on average to $301,820 in 2016. For new construction single family homes, prices on average ranged from $343,186 to a high of $618,178 in 2016. Sellers of single family resale homes were receiving anywhere from 96.0% to 98.4% of the original list price on average. New construction single family homes were receiving on average 99.4% to 100.7%. The inventory of resale single family homes was higher than new construction homes in 2016 but there is a quite a bit of new construction happening in this city.

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The median household income in Rockwall TX is $65,411, which is significantly more than average. Considered affluent, Rockwall TX is one of the top five fastest growing counties within the entire nation. This rapid development has led to an extraordinary amount of conveniences and amenities for the residents of the suburbs. Houses for sale in Rockwall TX have been going up in value accordingly and the prices for homes for sale in Rockwall TX are expected to continue rising. The region also has a low rate of distressed properties, owing to the area's fantastic job opportunities and stable and diverse economy.

Rockwall TX offers something for practically everyone. Those interested in homes for sale in Rockwall TX can look forward to the 22 incredible golf courses in the region, well-maintained boating marinas, exciting outdoor activities and a myriad of sports complexes. The Rockwall Independent School District provides everything that a child needs to thrive academically as well as a center of higher education and a branch of the Texas A&M University of Commerce. Commuters will find that the incredible transportation system makes commuting into town a breeze. The county is serviced by an airport, interstate and a multitude of highways that offer a variety of travel options.

For help finding the right home for you, contact The DeBerry Team. Our real estate Specialists are ready to help you find the Rockwall TX property that meets your requirements. Please call us at 214-215-5106.

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Listing information last updated on August 19th, 2017 at 6:00am CDT.