--Housing Report

Both Texas and the City of Fort Worth have been hot commodities according to the Fall 2024 Texas Relocation Report from Texas REALTORS® and the latest local market report. More than 11% of the population of Texas moved within Texas last year. In Tarrant County, 11.5% more sales occurred in November 2024 compared to November last year.

Home prices decreased in October in Fort Worth, with the median home price at $327,995, a 0.6 percent decrease from October 2023.Inventory continued to climb as home sellers who had been waiting for the right moment to list their homes started to make some moves. Fort Worth’s months of inventory in October was 3.7 months and Tarrant County was 3.5 months. While progress is being made, the demand for available homes is still significant. The Texas Real Estate Research Center at Texas A&M University states that 6.5 months of inventory would represent a balanced market.

Fort Worth and Tarrant County are seeing more home-buying opportunities thanks to a rise in active single-family listings. Year-over-year, inventory has expanded, reaching 3.7 months in Fort Worth and 3.5 months in Tarrant County, up from 2.5 months in both areas. Meanwhile, median home prices have remained steady, with Fort Worth at $335,000 and Tarrant County at $346,890.

As the seasonal summer home-buying frenzy calms, Fort Worth median home prices rose to $340,000, a 2.1% year-over-year increase. Tarrant County’s median home prices showed little growth and remained flat, consistent with last year, with a 0.6% decline. August saw 3.7 months of inventory in Fort Worth and 3.5 months in Tarrant County, compared to 2.4 and 2.3 months in 2023. The low inventory continues to highlight the area’s seller’s market.‍

Home prices continued their upward climb in Fort Worth. In July, the median home price was $347,153 – a 6 percent increase year over year and a high point for 2024 so far. In Tarrant County, that number was $362,250, a 2.3 percent increase year over year.

Inventory continued its upward trend in Fort Worth as home prices increased slightly. The median home price in June was $344,700 in Fort Worth, an increase of 1.8 percent year over year. The increase in Tarrant County was 0.5 percent year over year to $359,945.