Texas Real Estate Trends - A New Way to Look at Texas Realty
As realty experts famously quip, real estate comes down to three things: Location, location location! Never has this been clearer than in the Texas real estate market. Despite Texas being the second largest state in the nation, 20% of all Texas real estate listings come from just five disparate cities: Austin, Dallas, Fort Worth, Houston and San Antonio.
As the largest real estate market in Texas, Houston offers a wide variety of options for consumers. From inexpensive condos (average sale price of only $170,000) to grandiose family homes (the average single family homes has 3 bedroms, 2.75 baths and 2,300 square feet), Houston welcomes all types of home buyers.
The most expensive of the five cities is Austin. The average single family home in Austin has 3 bedrooms, 3.25 bathrooms, 3,000 square feet and an average sale price of $240,000.
If you're looking for a great deal on a condo or townhouse in Texas, Dallas may be the right place for you. The average price tag is just $160,000 for Dallas condos.Families relocating to the Lone Star state may want to focus their home searches in the Fort Worth area. Motivated sellers have made Fort Worth single family homes the least expensive of the five cities and they are being rewarded with a relatively low average days on market - just 83 days in April.
With the second highest number of listings, San Antonio provides a counterpoint of moderation in the expansive Texas real estate market. Condos are priced at the $160,000 mark and single family homes are just $200,000.
Texas Real Estate:
Largest Increase in Listing Price
| City | 3 mo. | |
|---|---|---|
| Athens, TX Real Estate | 23.81% | |
| Bandera, TX Real Estate | 19.99% | |
| The Colony, TX Real Estate | 16.40% | |
| Coppell, TX Real Estate | 14.79% | |
| Prosper, TX Real Estate | 13.14% |
Texas Real Estate:
Largest Decrease in Listing Price
| City | 3 mo. | |
|---|---|---|
| Kerrville, TX Real Estate | 20.02% | |
| Canyon Lake, TX Real Estate | 12.83% | |
| Mineola, TX Real Estate | 11.75% | |
| Grapevine, TX Real Estate | 8.31% | |
| Spicewood, TX Real Estate | 6.27% |
Most Expensive Texas Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| University Park, TX Homes for Sale | $1,531,247 | 8.09% | |
| Horseshoe Bay, TX Homes for Sale | $1,023,716 | 5.51% | |
| Southlake, TX Homes for Sale | $850,551 | 0.86% | |
| Colleyville, TX Homes for Sale | $755,303 | 1.26% | |
| Spicewood, TX Homes for Sale | $713,962 | 6.27% |
Least Expensive Texas Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Mesquite, TX Homes for Sale | $106,858 | 4.22% | |
| Texas City, TX Homes for Sale | $114,918 | 3.92% | |
| La Marque, TX Homes for Sale | $118,366 | 7.31% | |
| Copperas Cove, TX Homes for Sale | $127,989 | 2.46% | |
| Pasadena, TX Homes for Sale | $130,564 | 0.46% |
Top 5 Texas Cities for Families
| City | Homes with Children |
Crime vs. Natl. Avg. |
|---|---|---|
| Fort Hood, TX Local Info | 82.00% | 0.12 |
| La Homa, TX Local Info | 68.00% | 0.49 |
| Hidalgo, TX Local Info | 67.00% | 1.15 |
| Alton, TX Local Info | 65.00% | 0.46 |
| Homestead Meadows South, TX Local Info | 64.00% | 0.29 |
Top 5 Texas Cities for Singles
| City | Unmarried | Female to Male |
|---|---|---|
| Gatesville, TX Local Info | 78.00% | 63% / 37% |
| San Marcos, TX Local Info | 75.00% | 50% / 50% |
| Huntsville, TX Local Info | 74.00% | 42% / 58% |
| Bonham, TX Local Info | 73.00% | 38% / 62% |
| Nacogdoches, TX Local Info | 72.00% | 53% / 47% |
Largest Increase in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.
Largest Decrease in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.
Most Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Least Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Top 5 Cities for Families Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.
Top 5 Cities for Singles Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.