2024 Sportsmans World Year-in-Review Market Report
Possum Kingdom Lake continues to be a prime location for real estate investment, with Sportsmans World standing out as one of its most desirable areas. This report breaks down the market activity from 2022 to 2024, offering insights into property trends, average costs, and sales activity. Whether you’re a property owner, or potential buyer or investor, the data sheds light on why Sportsmans World is a key player in the Possum Kingdom real estate market.
Average Cost Per Square Foot
- 2022:
- Single-family homes: $275.52 (Only one waterfront single-family home sold in 2022)
- Condos: $192.12
- Townhomes: $460.46
- 2023:
- Single-family homes: $496.47 (Only one waterfront single-family home sold in 2023)
- Condos: $241.00
- Townhomes: Limited data
- 2024:
- Single-family homes: $539.81
- Condos: $244.24
- Townhomes: $304.92
The significant rise in single-family home prices from 2022 to 2023 are semi deceptive due to the majority of the sales being interior properties. 2024 had a more even split between waterfront and interior homes in Sportsmans World at Possum Kingdom Lake. Townhomes can vary greatly depending on what updates were done on the interior. Condos, while maintaining their appeal, held a pretty stable but slightly growing value.
Number of Sales by Property Type
- Unimproved Land:
- 2022: 10 sales
- 2023: 8 sales
- 2024: 12 sales
- Single-family Homes:
- 2022: 10 sales
- 2023: 3 sales
- 2024: 9 sales
- Condos:
- 2022: 1 sale
- 2023: 2 sales
- 2024: 1 sale
- Townhomes:
- 2022: 5 sales
- 2023: 1 sale
- 2024: 4 sales
Single-family homes dominate sales activity in Sportsmans World, particularly in 2024, where there was a marked increase. Unimproved land also saw a resurgence in sales, indicating growing interest in undeveloped lots.
Average Cost Per Acre for Unimproved Land
- 2022: $45,678
- 2023: $65,000
- 2024: $87,500
Unimproved land values appear to have skyrocketed. The numbers alone are slightly deceptive as there was only 1 waterfront lot sale in 2022 & 2023, but there were 4 (33%) in 2024. While the value of interior lots is indeed increasing, it is not quite as dramatic as the above numbers detail. Overall, there has been a consistent increasing value of Possum Kingdom real estate. The upward trend highlights the potential for future development in Sportsmans World.
Monthly Sales Breakdown
- High-Activity Months: March and May consistently led in sales across all property types.
- Low-Activity Months: Winter months saw a predictable dip in activity.
Seasonal trends underscore the popularity of spring and early summer for real estate transactions in Possum Kingdom Lake, with March and May being standout months.
Cost Analysis by Property Age
- Single-family Homes Built in the Last 10 Years:
- 2022: $297.65 per square foot
- 2023: $323.61 per square foot
- 2024: $645.28 per square foot (more waterfront homes sold in 2024 skewing these numbers to be a little higher)
- Single-family Homes Older Than 10 Years:
- 2022: $275.52 per square foot
- 2023: $496.47 per square foot
- 2024: $455.43 per square foot
Newer properties continue to command higher premiums, but older homes have also appreciated significantly, reflecting strong overall demand in Sportsmans World at Possum Kingdom Lake.
Conclusion
Sportsmans World remains a premier destination for real estate at Possum Kingdom Lake. With rising property values, robust sales activity, and growing interest in both developed and undeveloped land, the area showcases high potential. Whether you’re drawn by the scenic beauty or the investment opportunities, Sportsmans World offers something for everyone in the Possum Kingdom real estate market.
** The data provided in this 2024 Sportsmans World Year in Review has gathered from North Texas Real Estate Information Systems, Inc. (NTREIS) MLS System as of 1/20/2025. The article was written by Matthew Renfro with the data being consolidated using artificial intelligence.
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