Is Tarrant County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Tarrant County has remained a Seller's Market.
Housing Prices in Tarrant County, TX
How much do homes in Tarrant County, TX cost?
Median Sold Price
$279,999
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tarrant County was $279,999 in May 2024, down 21.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.2M | N/A |
2 Bedrooms | $145K | $117K | -19.3% |
3 Bedrooms | $250K | $260K | +4.0% |
4 Bedrooms | $415K | $402.5K | -3.0% |
5+ Bedrooms | $608.5K | $448.5K | -26.3% |
Summary: Tarrant County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.3%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 26.3%.
Median Sold Price Compared To Nearby Counties
Dallas County | $286K | $316K | +10.5% |
Tarrant County | $355K | $279.9K | -21.1% |
Housing Supply in Tarrant County, TX
How many homes are available in Tarrant County, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8,188 | 9,125 | +11.4% |
Summary: The Tarrant County real estate market had 9,125 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 72 | 80 | +11.1% |
2 Bedrooms | 538 | 602 | +11.9% |
3 Bedrooms | 3,696 | 4,050 | +9.6% |
4 Bedrooms | 2,992 | 3,391 | +13.3% |
5+ Bedrooms | 890 | 1,002 | +12.6% |
Summary: The Tarrant County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 12.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,932 | 1,978 | +2.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1,978 homes were sold or pending in Tarrant County in May 2024, up by 2.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for Tarrant County, TX
How long does it take to sell a home in Tarrant County, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 39 Days | +6.4% |
Summary: Homes in Tarrant County had an average of 39 days on market in May 2024, up by 6.4% compared to last year.
Breakdown of Home Sale Times
1,190 Homes Were Sold
Under 30 Days
547 Homes Were Sold
In 30 - 90 Days
241 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1978 homes were sold in Tarrant County; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.