First-time homebuyers accounted for 21% of all residential property purchases in Texas during 2025, according to data from Texas Realtors. This is slightly above the all-time low of 20% recorded in 2024.
Last year’s homebuyers in Texas had a median age of 58, tied with the all-time high set in 2024 and a year below the national all-time high of 59.
“Today’s first-time buyers were not in the housing market during the pandemic years of low mortgage rates and quick home value increases, which may leave some of them feeling a step behind,” said Jennifer Wauhob, chairman of Texas Realtors. “Meanwhile, homeowners who built up some equity may be able to sell and make a substantial down payment on another home.”
Last year, 30% of Texas homes were acquired in all-cash transactions, more than double the 14% of homes purchased without financing in 2017. Nearly three-quarters (74%) of sellers reduced their asking price two or more times before the sale, an increase of 53 percentage points from the previous year. An additional 18% reduced the price once.
Wauhob added, “Nationally, the length of time sellers have stayed in their homes before selling is at an all-time high of 11 years, but listings have increased dramatically in the recent past. Expectations can be out of date on both sides of the deal, so often there’s a sorting-out process. In this—or any—market, the support of a Texas Realtor can make all the difference in guiding buyers and sellers to a satisfying sale.”
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