Texas Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

October 1st, 2021
Updated October 1st, 2021

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Texas real estate trends

Real estate trends in Texas | Sellers | Buyers | Investors | The best and worst of Texas | Texas resources

Texas real estate trends (October 2021)

How is the real estate market in Texas?
🏠 Average home value: $252,422
📈 2.15% home value increase month over month
💰 Median sale price: $319,000
⏳ 48 days on the market
🔑 Homes on the market: 52,997
📆 1.0 months of housing inventory
🏦 30-year mortgage rate: 2.99%
💵 Average income: 53320
State of the market: A
Texas’ real estate market continues its hot streak, despite the fact that the state has the fourth-most active listings of any U.S. state. Home values and listing prices are both rising, and low inventory should keep demand high.
*Data last updated October 2021

The second biggest state in the nation, Texas spans more than 260,000 square miles of deserts, humid coastal areas, and mountain ranges.

Big skies, abundant nachos, and sweet pastries from panderias all rank among the Lone Star State's most beloved features. Centuries of cultural exchange with nearby Mexico have given the state a unique blended culture all its own.

Major cities in Texas include Austin, Dallas-Fort Worth, and Houston, to name a few — but the state also features an abundant variety of charming small towns and suburban communities, too.

If you're thinking of buying or selling in Texas, these Texas housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Texas

Texas real estate market forecast for sellers
⏰ Homes are selling 7.5 days faster than the annual average
💰 Homes are selling for $27,327 more than the annual average
💸 Average listing commission: 2.85%
💸 Average buyer's commission: 2.93%

How to sell a home in Texas

Cost to sell a home in Texas

💰 Save thousands on realtor fees with Clever

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Buying a home in Texas

How much home you can buy with $300,000 in...
🏠 Houston: 1,818 sq ft
🏡 San Antonio: 1,706 sq ft
🏡 Dallas-Fort Worth: 1,618 sq ft
🏠 Austin: 1,148 sq ft

Investing in Texas real estate

Best of Texas

Each month, we compare cities in Texas based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Texas
1. Beaumont-Port Arthur
2. Nacogdoches
3. Texarkana
4. Odessa
5. Longview

Ready to buy a home in Texas? Eligible buyers get cash back with Clever!

Worst of Texas

Each month, we compare cities in Texas based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Texas
1. Austin-Round Rock-Georgetown
2. College Station-Bryan
3. Dallas-Fort Worth-Arlington
4. San Antonio-New Braunfels
5. Sherman-Denison

Texas resources

👋 Next Steps: Talk to an expert!

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Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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