Is Tarrant County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Tarrant County has remained a Seller's Market.
Key Takeaway
Tarrant County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tarrant County, TX
How much do homes in Tarrant County, TX cost?
Median Sold Price
$298,095
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tarrant County have sold for 9.1% less than they did a year ago.
Summary: The median home sold price in Tarrant County was $298,095 in March 2024, down 9.1% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.2M | N/A |
| 2 Bedrooms | $184.9K | $117K | -36.8% |
| 3 Bedrooms | $292.4K | $267.5K | -8.5% |
| 4 Bedrooms | $352K | $356.2K | +1.2% |
| 5+ Bedrooms | $594.2K | $349K | -41.3% |
Summary: Tarrant County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36.8%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 41.3%.
Median Sold Price Compared To Nearby Counties
| Dallas County | $327K | $331.7K | +1.4% |
| Tarrant County | $328K | $298K | -9.1% |
Housing Supply in Tarrant County, TX
How many homes are available in Tarrant County, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6,727 | 7,468 | +11.0% |
Summary: The Tarrant County real estate market had 7,468 homes for sale in March 2024, a 11.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 59 | 68 | +15.3% |
| 2 Bedrooms | 445 | 494 | +11.0% |
| 3 Bedrooms | 3,216 | 3,556 | +10.6% |
| 4 Bedrooms | 2,313 | 2,575 | +11.3% |
| 5+ Bedrooms | 694 | 775 | +11.7% |
Summary: The Tarrant County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 11.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,419 | 1,642 | +15.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tarrant County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 1,642 homes were sold or pending in Tarrant County in March 2024, up by 15.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Tarrant County, TX
How long does it take to sell a home in Tarrant County, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 46 Days | -11.7% |
Summary: Homes in Tarrant County had an average of 46 days on market in Mar 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
934 Homes Were Sold
Under 30 Days
414 Homes Were Sold
In 30 - 90 Days
294 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tarrant County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1642 homes were sold in Tarrant County; 57% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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