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Best time to buy a house in Texas | Best Texas cities to buy a house | How to get a great deal on a Texas home
Is there a best time to buy a house in Texas? It all comes down to your specific location and needs.
In recent years, listing prices in Texas have been lowest in January, with home prices $31,176 less than the annual average. Prices tend to spike in October to $23,038 more than the yearly average.
Mortgage rates, on the other hand, were lowest in December. But with interest rates currently on the rise, it pays to explore your options with a trusted mortgage provider to make sure you’re getting the best rate possible.
Read on to discover which time of year is the best time to buy a house in Texas!
Getting started
If you're interested in buying a home, the first step is to connect with a realtor who's an expert in your local market. Economic conditions in Texas change quickly, and a knowledgeable realtor will keep you up-to-date on the best times and locations to start your home search.
The best way to find a realtor is with a free service like Clever Real Estate. Clever matches you with top agents from trusted brokerages like Keller Williams and Century 21.
Interview as many agents as you'd like until you find the perfect fit, or walk away at any time with no obligation. Add your zip code below to request hand-picked agent matches today!
If you're ready to buy a home, Clever can connect you with an agent who knows the market!
✅ Get expert help to negotiate your purchase price
✅ Work with a full-service realtor from a top broker
✅ Clever is 100% free, with zero obligation
The best time of year to buy in Texas
In Texas, home prices have steadily increased in recent years, with very little fluctuation by season. As of November 2022, the typical home value in Texas is $315,815, according to Zillow data.
In general, winter is the best time to negotiate the price of a home because fewer homes tend to be on the market. Many homeowners prefer to sell in the summer, so sellers who list their homes in the winter are often more willing to negotiate their home price. You may find more deals on fixer-uppers in the wintertime, whereas it may be easier to find a move-in ready home during the summer months.
However, Texas is a large and diverse state, and real estate trends can vary greatly depending on your specific market. The best way to find a home in your target market is to connect with a local realtor. They'll help you navigate the ins and outs of your market and find the best time to buy a house in Texas.
💰 Find a top buyer's agent near me today!
The best places to buy a home in Texas
After learning more about the best time to buy, you might be wondering which area in Texas is the best place to call home. Here are five of the top-rated neighborhoods in Texas you can explore before buying.
1. Canyon Creek South
This popular suburb in Richardson, Texas, is home to 4,000 residents and is rated the number one place to live in the Lone Star State. With A+ school systems, access to a good selection of restaurants and bars, and great parks and outdoor amenities for families, this suburb is a prime place to call home.
Average Home Value: $346,000
2. Wilshire Heights
This small urban neighborhood in Dallas has just under 2,000 residents. Public schools are good, access to restaurants and nightlife is top-notch, and the area is home to many young professionals and families with children.
Average Home Value: $461,000
3. Timberbrook
Located in Plano, Texas, Timberbrook is home to just under 6,000 residents and has great public schools. This suburb has a good selection of restaurants, bars, and coffee shops, while providing great access to a variety of family-friendly activities.
Average Home Value: $291,000
4. White Rock Valley
Another neighborhood in Dallas, this suburb is home to just shy of 9,000 Texans and has good public schooling. Many families and retirees live here, enjoying a good mix of restaurants, coffee houses, and parks.
Average Home Value: $370,000
5. Owens Park
Nestled in Richardson, Texas, this suburban neighborhood boasts excellent public schools and is home to just over 1,000 Texans. Residents have good access to restaurants, nightlife, coffee houses, and parks and are a mix of families and young professionals.
Average Home Value: $236,000
Four ways to get a great deal on a home in Texas
In addition to knowing when and where to buy a home in the Lone Star State, it's important to follow a plan to minimize the overall price of your new home. These four methods can help you save during the buying process.
1. Find a great Texas real estate agent
There’s no better way to maximize savings than by partnering with a local real estate agent. A knowledgeable Texas realtor understands your local market and can provide valuable insight during the buying process. They can even make specific recommendations on the best neighborhoods to find your dream home and the best time to buy a house in Texas.
2. Determine what you need and want in a house
Every buyer has different needs and wants when it comes to finding the right home. Make sure your agent knows what you're looking for. They can ensure the homes you view check off all of your required boxes. This way, you don’t waste time on places that don’t work for you.
3. Find a lender and secure financing
Unless you plan to buy your home with cash, you'll need to apply for a mortgage. For most home buyers in Texas, interest rate is one of the biggest factors when choosing a lender. Doing some upfront research and comparing options to find the best rate could save you tens of thousands of dollars over the life of your loan.
For example, in Texas a typical house is worth $224,000. Assuming a 20% down payment, if you took out a 30-year mortgage for 3.5%, your monthly payment would be $799. But if you shopped around and found a 3% mortgage, your monthly payment would drop to about $756.
4. Negotiate for the best possible price
Deciding how much to offer a seller can be stressful if you aren’t familiar with the local market. Your realtor will help you determine the right amount to offer to increase your chances of getting the home without overspending.
Your agent will also negotiate with the listing agent on your behalf to ensure you receive a fair deal. And, after the inspection, they'll work with you to determine how to negotiate repairs or costs with the seller.
If you're looking for a realtor, Clever can connect you with the top buyer's agents in your area for a free, no-obligation consultation.
Fill out our online form, and a Clever representative will reach out to get the process started and answer any questions you have.
Finding a great local realtor is the first step in making your home buying dreams a reality. Our free service matches you with top agents from trusted brands like Keller Williams and RE/MAX.
Enter your zip code to request hand-picked agent matches in minutes. Compare your options until you find the perfect fit, or walk away with no obligation. Try Clever's free service today!
