Is Tarrant County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tarrant County is a 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

-$29,905(-9.1%)

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

# BEDSMar 2023Mar 2024CHANGE
1 -$1.2M
N/A
2 $184.9K$117K
-36.8%
3 $292.4K$267.5K
-8.5%
4 $352K$356.2K
+1.2%
5+ $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
+1.4%
Tarrant County
-9.1%

Housing Supply in Tarrant County, TX

How many homes are available in Tarrant County, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6,7277,468+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

# BEDSFeb 2024Mar 2024CHANGE
1 5968
+15.3%
2 445494
+11.0%
3 3,2163,556
+10.6%
4 2,3132,575
+11.3%
5+ 694775
+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 2024Mar 2024CHANGE
1,4191,642+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

Asking vs Sold - buyer

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 2023Mar 2024CHANGE
52 Days46 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

Newest Listings in Tarrant County, TX

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