The Texas Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Texas

💡 Key Texas housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $307,038[1]#29 of 50 states16.2% lower
Median Listing Price $365,000[2]#32 of 50 states16.6% lower
Median Sale Price $347,600[3]#31 of 50 states14.8% lower
30 Year Mortgage Rate 7.03%[4]#34 of 50 states0.8% higher
Median Days on Market 50[5]#28 of 50 states0.2% longer
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🗺️ Buying a house in the Texas real estate market

Texas has an affordability score of 5.4, meaning it takes 5.4 years of the median household income ($63,826) to afford Texas' median home sale price ($347,600). Because of this, we rank Texas as the 19th most affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $347,600[6]#31 of 50 states14.8% lower
30 Year Mortgage Rate 7.03%[7]#34 of 50 states0.8% higher
Median Household Income $63,826[8]#21 of 50 states1.1% lower
Affordability Ratio 5.4#19 of 50 states12.8% lower
Buyers Agent Commission 2.87%[9]#39 of 50 states7.3% higher
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Resources for Texas home buyers

🗺️ Selling a house in the Texas real estate market

According to our detailed survey of Texas real estate agents, listing agents (those representing the seller) charge an average commission in Texas of 2.86%, which is the 23rd highest in the United States. Buyers' agents charge an average commission of 2.87%, which is the 12th highest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $365,000[10]#32 of 50 states16.6% lower
Median Sale Price $347,600[11]#31 of 50 states14.8% lower
Median Days on Market 50[12]#28 of 50 states0.2% longer
Buyer's Agent Commission 2.87%[13]#39 of 50 states7.3% higher
Listing Agent Commission 2.86%[14]#28 of 50 states0.1% higher
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Resources for Texas home sellers

Moving to Texas

According to our recent moving trends survey[15], Texas is the 4th most desirable state to move to, with 24% of Americans indicating that they would choose to move there if money were no object. Likewise, 13% of survey respondents indicated that they would move to Dallas among a choice of America's largest cities, and 13% indicated that they would move to Austin. Among medium-sized cities, 11% indicated that they would move to El Paso, and 8% indicated that they would move to McAllen.

Here's how Texas cities rank in a number of our research studies.

StudyBest Texas cityRank
Best Pizza Cities[16]Austin35th best
Best Coffee Cities[17]Austin13th best
Best LGBTQ Cities[18]Austin31st best
Best Bike Cities[19]Austin17th best
Best Commuter Cities[20]Austin15th best
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated April 30, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[3] Redfin – "Redfin Data Center". Updated March 2024.
[4] Bankrate – "Bankrate". Updated May 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[6] Redfin – "Redfin Data Center". Updated March 2024.
[7] Bankrate – "Bankrate". Updated May 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[11] Redfin – "Redfin Data Center". Updated March 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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