Texas recorded a statewide median home sales price of $340,000 in the second quarter, unchanged from one year earlier.
According to data from Texas Realtors, prices rose in 14 of the Lone Star State’s metro areas and declined in 11, with one market unchanged. The four largest metros each had decreases of less than 1.5% while most smaller markets recorded increases – notably Texarkana (16.6%) and Abilene (13.6%). All but five markets had changes of less than 5%.
Closed sales rose to 99,688 in the second quarter, with the largest percentage increases in Eagle Pass (22.9%), Odessa (16.2%), and Tyler (15.6%). The only metros with fewer sales were Corpus Christi (-5.9%), College Station-Bryan (-5.4%), and Beaumont-Port Arthur (-0.8%).
The statewide average of active listings was nearly unchanged with only a 0.2% rise over the same period last year. On average, Texas homes stayed on the market for 65 days in the second quarter, three days longer than during the same period last year. Days on market increased in 21 metros, decreased in two, and stayed the same in three. The months of inventory level year-over-year from 5.6 to 5.4 months.
Jennifer Wauhob, chairman of Texas Realtors, observed, “We’ve seen huge leaps in active listings since 2022, so a nearly flat statewide average is significant. Homes don’t sell by the statewide average, though. Every sale is one family, one home. And your Texas Realtor is the best resource to evaluate what’s happening in your area, listen to what’s important to you, and help you build the life you’re dreaming about.”
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