The numbers
| Celina | Melissa | Entire MLS | |
|---|---|---|---|
| Median sale price | $540,000 | $446,000 | $373,000 |
| Median price per sq ft | $190 | $185 | $185 |
| Median days on market | 58 | 55 | 34 |
| Months supply of inventory | 7.2 | 5.2 | 5.1 |
| Pct of original list received | 93.8% | 96.3% | 96.6% |
| Closed sales in the month | 145 | 42 | 10,686 |
What the gap actually means
When two markets price within $5 per square foot of each other but their medians are $94,000 apart, you are not looking at a difference in land value. You are looking at a difference in house size. Celina is simply selling bigger homes this month.
That matters if you are choosing between the two on price alone. A $94,000 saving that comes entirely from buying fewer square feet is not a saving, it is a smaller house. Compare the per-foot number and the square footage you actually need, then decide.
Melissa is the tighter market of the two. 5.2 months of supply against Celina's 7.2, and sellers there are getting 96.3% of original list against Celina's 93.8%. Six months is roughly balanced, so Celina has meaningfully more inventory sitting than Melissa does. If you are buying, you have more room to negotiate in Celina. If you are selling, Melissa is holding price better.
One caution on Melissa's sample
Melissa closed 42 sales in the month against Celina's 145. That is a real number but a small one, so a handful of unusual sales move Melissa's median more than they would move Celina's. Treat the Melissa figures as directional rather than precise.
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