Texas Real Estate Market in 2022: Forecasts + Trends

By Clever Real Estate Updated September 1, 2023

Texas real estate trends

Texas real estate trends (May 2022)

How is the real estate market in Texas?
🏠 Average home value: $301,763	📈 0.30% home value increase month over month
💰 Median sale price: $338,600	⏳ 42 days on the market
🔑 Homes on the market: 69,123	📆 2.0 months of housing inventory
🏦 30-year mortgage rate: 7.03000%	💵 Average income: #N/A
State of the market: A
Texas’ real estate market continues its hot streak — but it may not be for much longer. Home values are slowly plateauing and inventory is piling up, which are signs that the market is on its way to cool.
_{Data last updated May 2022}*

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 1.5% or $3K in listing fees. Eligible buyers get 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 24 days slower than the annual average	💰 Homes are selling for $6,870 less than the annual average
💸 Average listing commission: 2.71%	💸 Average buyer's commission: 2.88%

How to sell a home in Texas

Cost to sell a home in Texas

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Buying a home in Texas

How much home you can buy with $300,000 in...
🏠 Houston: 1,734 sq ft	🏡 San Antonio: 1,613 sq ft
🏡 Dallas-Fort Worth: #N/A sq ft	🏠 Austin: 1,154 sq ft

Investing in Texas real estate

Best of Texas

💡 Did you know…

Austin, Texas was ranked the fourth best music city in the U.S. in 2022?

Research from the Clever Data Center revealed that Austin is an ideal choice for fans of live music. Austin hosts nearly twice as many music festivals compared to most U.S. cities, and tickets for live concerts are less expensive than the national average.

» Taking notes? 🎵 Learn more about the rankings here: The Best Music Cities in the U.S.

The Clever Data Center ranked Austin, Texas as one of the top 10 best brunch cities in the country?

The capital of Texas is one of the best places to enjoy a delicious meal and an array of brunch cocktails. With about 10 brunch restaurants per capita, you'll be able to find the perfect cafe to satisfy your cravings.

» Hungry for more info? 🍳 Read our full study here: The Best Brunch Cities in America

Each month, we compare locations in Texas based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Texas
1. Denton County
2. Collin County
3. Moore County
4. Andrews County
5. Rockwall County

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

Worst of Texas

Each month, we compare locations in Texas based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Texas
1. Starr County
2. Zavala County
3. Zapata County
4. Newton County
5. Brooks County

Texas resources

👋 Next Steps: Talk to an expert!

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Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

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Frequently asked questions about Texas real estate

Is it a buyer's or seller's market in Texas?

It is currently a seller’s market in Texas. Homes in the state are selling very quickly and sales prices are pushing up home values. While that’s the overall situation in Texas, each city and town is different, which is why it’s still best to consult a real estate agent to figure out your local trends.

Is Texas a good state to invest in real estate?

Yes, investing in Texas real estate is a good decision — especially in big cities like Houston and San Antonio, where housing is always in demand. However, to maximize your investment, you need to find the best neighborhoods to buy in and have a plan for how you'll manage your properties. Learn more in our guide to real estate investing.

Is it a good time to buy a house in Texas?

For most people, now might not be the best time to buy a house in Texas, as listing prices are much higher than usual. However, mortgage rates in the state are low, which means you can save money over time if you lock in a low rate. If you work with the right real estate agent, then they can help you find the perfect deal.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, 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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