So far in 2025, active listings have surged 30.7% in the Texas real estate market. The median home price remains relatively stable with a price point of $331,000. This represents only a 0.3% increase from the previous year. This provides buyers with a broader selection of properties. Despite this increased inventory, closed sales have declined by 1.5%. As such, cautious buyer sentiment amid higher mortgage rates and economic uncertainties are prevalent factors.
Major urban centers like Austin and Dallas-Fort Worth are on shifting sands. Austin’s median sold price is approximately $604,794 which is a year-to-year increase of 3.9% in average sales price. However, the median sold price has only risen by 2.7%, suggesting a cooling trend. In Dallas-Fort Worth, the market dynamics are being reshaped by rising inventory levels and tempered buyer demand with pricing adjustments occurring across multiple counties. The Rio Grande Valley offers more affordability with Brownsville-Harlingen metro area with a median sales price of $123,000. The average sales price in McAllen was $265,500 which is a 12% increase from the previous year. Overall, these developments reflect a broader statewide trend where increased housing supply is met with cautious demand, influenced by economic factors and affordability concerns.
If you are thinking about selling your home in Texas, now is a good time to do so. The market is strong, and you are likely to get a good price for your home.