Texas Real Estate Market Update – March 2025

As we wrap up the first quarter of 2025, it's clear the Texas housing market continues to evolve, with shifting dynamics in both supply and demand. Whether you're a buyer, seller, or just keeping an eye on the market, here’s what stood out in March:

🔍 Inventory Is Growing—Buyers Have More Choices

One of the most notable changes this March was the 29.9% increase in active listings, totaling 121,542 homes across Texas. That means more options for buyers and a bit more competition for sellers.

💲 Prices Remain Stable (Barely)

The median home price in Texas was $340,000, up just 0.2% year-over-year. While this isn’t a dramatic increase, it shows the market is holding steady—neither spiking nor dipping significantly.

Interestingly, the median price per square foot slipped slightly to $173.56, a 0.6% drop year-over-year. So, while the sticker price remains firm, the value-per-foot has inched downward.

📉 Closed Sales Dipped Slightly

Closed sales came in at 26,751, which is a 1% decrease from March 2024. Not a huge drop, but it does signal a slight cooling in overall buyer activity—likely due to the increase in available homes and extended time on market.

⏳ Homes Are Sitting Longer

If you’ve noticed signs staying up a little longer lately, you're not wrong. Homes took 71 days on average to go under contract, which is 8 days longer than March 2024. Add in another 32 days to close, and we’re looking at a total of 103 days from listing to sold—a full 8 days longer than this time last year.

🏠 What’s Selling?

Here’s the breakdown of price distribution:

  • 26.7% of homes sold were under $100K
  • 25% were in the $100–199K range
  • The sweet spot? $200–399K, which accounted for roughly 27.8% of sales
  • Homes priced $1M+ made up only 4.6% of the market

This continues to affirm that affordability remains key in Texas, with most buyers staying under the $400K mark.

💡 What Does This Mean for You?

  • Buyers: You’ve got more homes to choose from and a bit more negotiating power than in recent years. Don’t let slightly longer timelines scare you—this market could be working in your favor.
  • Sellers: You’ll need a smart pricing strategy and polished marketing plan to stand out. Homes are still selling, but the days of multiple offers on day one are less common.
  • Investors: A flat price curve and rising inventory could mean opportunity, especially for those with a long-term view.

🏡 Thinking about buying or selling in 2025? Let’s talk about how to navigate today’s market with confidence. Reach out—I’d love to help you find the perfect home with a story.

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