The statewide median home sale price in Texas was $340,000 during the third quarter, unchanged from one year earlier.
According to data from Texas Realtors, the median home sales prices were up in 17 of the state’s metro areas and down in nine. Eagle Pass recorded the highest price gains for the quarter (up 11.4%) and the Austin-Round Rock-San Marcos area saw the greatest decline (down 3.8%).
“Lower interest rates have made buyers and sellers more comfortable with entering the market,” said Jef Conn, chairman of Texas Realtors. “With more favorable financing options, buyers in many markets seem more willing to look, and sellers are more interested in making their properties available.”
Active listings increased by 30.4% statewide over the same period last year and were up in every metro except Odessa, where listings were down 2.1%. Statewide, closed sales were down 2.2% compared to the third quarter of 2023.
Houses in Texas stayed on the market an average of seven days longer during the third quarter compared to the same period last year. The state also recorded an inventory level of 4.8 months, up from 3.6 months one year before.
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