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Here are the latest Texas housing market predictions for 2024 and 2025. Click for information on the Texas real estate prices & trends.
Texas Housing Market Overview. What is the housing market like right now? In September 2024, home prices in Texas were down 0.39% compared to last year, selling for a median price of $344,200.
The average home value in Texas is $301,011, down 0.2% over the past year. Learn more about the Texas housing market and real estate trends.
The Texas Quarterly Housing Report uses statistics compiled from multiple listing services in nearly 50 markets throughout Texas, including data for single-family home sales. Reports are released in March (Year in Review), April (Q1), July (Q2), and October (Q3).
After bouncing back in July, statewide seasonally adjusted home sales dropped 6.2 percent month-over-month (MOM), resulting in 24,948 homes sold (Table 1). Dallas had the largest decrease among the Big Four at 10.4 percent (6,858), followed by Houston at 4.4 percent (6,628) and San Antonio at 4 percent (2,622).
What did the overall Texas single-family housing market do in 2023, and what drivers will influence it in 2024? Texas Real Estate Research Center Economist Jim Gaines, Ph.D., shares insights that Texas residential real estate professionals need to know.
According to August 2023 Redfin data, the median home price across the state was $351,500. That’s a very slight 0.4 percent increase from August 2022, but still quite a bit cheaper than the...
Texas’ median home prices continued to show its strength by increasing 0.3 percent to $337,900 (Table 2). Austin recorded the largest monthly gain of 4.2 percent, reaching a price peak in the past nine months. The remaining three metros recorded changes of less than 1 percent.
• The median home price in Texas increased by 0.6% in Q1 2023 compared to the same period last year, suggesting that there is still strong demand for housing in the state. In other words, the increase of inventory is not significant enough to outweigh the demand for housing in the Texas market. TEXAS QUARTERLY HOUSING REPORT 2023 Q1 EDITION
After years of sharp rises in home prices and stiff competition to buy a home amid the COVID-19 pandemic, the Texas housing market is starting to cool off.