--Housing Report

In October, inventory continued a slow increase while housing prices remained steady in the Fort Worth area. The median home price in Fort Worth was $341,000, a 10 percent increase year over year.

The housing market in Fort Worth continued its cool down, with the median home price in Fort Worth decreasing to $340,000 in September.

Home prices in the greater Fort Worth area continued their steady decline in August. The median home price in Fort Worth was $350,000. This is down from $367,000 in May, but still a 15.4 percent increase from August of 2021 – well above the normal amount of year-over-year appreciation.

The market appears to be stabilizing in the greater Fort Worth area and nationwide, as price increases slow and inventory continues to rise. The average price of a home in July in Fort Worth was $355,000 – still a 17.9 percent increase year over year, but a decrease from May and June’s prices. 

Price increases slowed and inventories rose in June in the greater Fort Worth area, as the hot housing market finally started to hit the brakes. Inventory in June jumped to 1.6 months, a .5 month increase from last month, and a .5 month increase from June of 2021.

The median price of a home sold in Fort Worth in May 2022 was $367,000. In May of 2021, the median price was $295,000. In the past year, between the rising prices of houses and increasing mortgage rates, prospective buyers in the greater Fort Worth area have been feeling the pinch, and many have been driven from the market.