75479
Bonham, Texas

The Bonham market at ZIP 75479 shows a median sale price of $270,000 as of February 2026, down 37.6% year-over-year in a sharp correction from previous levels. Properties are averaging 112 days on market, indicating slower velocity than regional norms. Notably, 100% of sold homes closed above list price, suggesting that while fewer transactions are occurring, the properties that do transact attract competitive bidding from committed buyers willing to exceed asking prices.

This environment favors patient sellers with equity cushions who can wait nearly four months for qualified buyers, and bargain-focused purchasers who recognize the 37.6% price decline as a recalibration opportunity. The extended days-on-market period benefits buyers conducting thorough due diligence, though the above-list closing pattern indicates they must still bid aggressively on appropriately priced inventory. Investors seeking cash-flowing rentals may find the reduced entry price compelling if they can identify properties meeting the active buyer criteria.

The PropIQ score of 75 signals neutral-watch conditions, suggesting neither imminent appreciation nor further dramatic declines. Market participants should monitor whether the 112-day absorption rate contracts and if the 100% above-list metric persists across subsequent months. A score in the mid-70s historically precedes either stabilization or continued lateral movement, making the next quarter's velocity and pricing data critical for determining whether the 37.6% correction has fully reset valuations to sustainable levels.