Kermit, TX Home Values & Market Trends
Real estate market trends reflect that there have been 59 transactions over the past year in Kermit. The median value for residential home transactions that occurred over the previous year is $167,462. The number of current listings in Kermit is 51, and the percentage of properties for sale in the city is 51.00%. Kermit, TX currently has 3 properties in foreclosure, 2 bank owned properties, 1 properties headed for auction, and 51 properties for sale.
Kermit, TX Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 79745 | $ 167,462 $ 123/sqft |
Housing Market Summary for Kermit, TX
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $107.5K | $140K | 30.23% |
| Median Sold Price | $153.6K | $120K | -21.91% |
| Homes For Sale | 36 | 51 | 41.67% |
| Homes Sold | 23 | 38 | 65.22% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Kermit, TX
Browse Homes in Kermit, TX
Kermit home values range from $34,089 to $990,000. The median estimated value of a home in Kermit is $167,462. The median list price of a home is 140,000, and the total count of properties in the city is 95.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Kermit, TX with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Kermit, TX; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Kermit, TX ranges from the highest value of $127,578 in 79745 to the lowest value of $87,976 in 79745. Bank owned homes and properties account for 2.11% of properties in Kermit, TX. There is 1 zips within Kermit, TX; 79745 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions79745 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Kermit, TX. Auction homes and other auction properties account for 1.05% of all properties in Kermit, TX. There is 1 zips within Kermit, TX; of that zips, the median estimated home value for homes going to auction ranges from $81,375 in 79745 to the lowest value of $81,375 in 79745.
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Guide for Kermit, TX
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Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
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