Texas Real Estate Still Running Strong

blaise timco - texas real estate

Texas Real Estate Still Running Strong

As of today, the median home value in Texas is $163,100 and Texas home values have gone up 6.4% over the past year and are predicted to rise 3.2% within the next year. Texas currently has a median list price pre square foot of $115 and a median price of homes currently listed of $254,100. The median rent price in Texas is $1,450. Now, let’s take a look at how these overall Texas numbers compare to Austin, Dallas, Houston, and San Antonio.

Austin: The median home value is: $311,700. Values have gone up 6.6% over the past year. Predicted to rise 2.9% within the next year. Median list price per square foot: $213. The median price of homes currently is: $382,990. The current “Market Temperature”** in Austin is “Cool”.

Dallas: The median home value: $162,300. Values have gone up 16.3% over the past year and are predicted to rise 6.8% within the next year. Median list price per square foot is $196. The median price of homes currently is: $378,500. The median rent price: $1,550. The current “Market Temperature” in Dallas is “Cold”.

Houston: The median list price per square foot is: $157. Values have gone up 0% over the last year and are predicted to rise 0% within the next year. The median price of homes currently listed is: $309,900. The median rent price is: $1,500. The current “Market Temperature”** in Houston is “Cool”.

San Antonio: The median list price per square foot is: $108. Values have gone up 0% over the last year and are predicted to rise 0% within the next year. The median price of homes currently listed is: $227,948. The median rent price is: $1,190. The current “Market Temperature”** in San Antonio is “Warm”.

** Market Temperature is based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Cold = Buyer’s Market and Hot = Seller’s Market.

Blaise Timco

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