Is now a good time to buy land in Ovalo, Texas?
Ovalo, Texas is currently a strong buyer's market with 27.8 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis• Updated Dec 2025
27.8 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 1 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | 1 | 2 | 2 | 2 |
| 10-20 acres | - | - | - | 3 |
| 20-50 acres | - | - | 1 | 3 |
| 50-100 acres | - | 2 | 2 | 3 |
| 100+ acres | - | - | 2 | 3 |
| TOTAL | 1 | 4 | 8 | 16 |
Ovalo, Texas is currently a strong buyer's market with 27.8 months of supply. Buyers have more negotiating power and can take time to find the right property.
Ovalo, Texas currently has 27.8 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Ovalo, Texas typically sells within 137 days of listing. The median time on market is 117 days. Properties are moving slowly in the current strong buyer's market.
Over the past 12 months, Ovalo, Texas saw 16 properties sold. In just the last 3 months, 4 properties changed hands.
The 3-month absorption rate in Ovalo, Texas is 3.6%. The 12-month rate is 3.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 37 active listings in Ovalo, Texas. 26 new listings have hit the market in the last 90 days. The median asking price is $155K.
The current absorption rate in Ovalo, Texas is 3.6% (3-month basis), indicating slow demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.