Texas Newest Real Estate Listings | Zillow (2024)

FAQs

Is now a good time to sell a house in Texas? ›

Best Time to Sell Your House for Higher Price

May, June, and July are the best months to sell your house in Texas. The median sale price of houses in June 2023, was $357,700, which is expected to rise more in 2024. However, cities like Marfa and Plano follow an upward trend throughout the year.

The Lone Star State is one of the fastest-growing states in the nation, placing it right at the heart of commercial real estate (CRE) activities. The cities of Fort Worth, Austin, and San Antonio are on every investor's radar right now.

Even though Texas is a non-disclosure state, you can find the prices a home sold for using the HAR Platinum App. Whether you're buying a home and want to see what homes sold for, or getting ready to list your home and curious what your neighbor's house sold for recently.

Texas is landlord-friendly. The state has a high demand for rental properties because of the state's steady population growth. Texas offers a thriving economy and job diversity that result in reliable rental income. Housing prices are affordable.

It isn't a buyer or seller's market technically, but buyers are now seeing more inventory. SAN ANTONIO — Inflated home prices and interest rates after the coronavirus pandemic forced many buyers out of the housing market. But one study found what was once a seller's market, isn't the case now.

The worst time to sell a house is typically during the winter months, particularly in December, January, and February. During this period, bad weather can deter potential buyers from attending open houses, and many people are preoccupied with holiday activities and planning.

Prices will relax, but not crash.

Prices have relaxed in Texas and gone down slightly in many cities, but you should expect prices to go up some in 2024. Currently, the market has about 3.7 months of home inventory.

Dominance of Mineral Estate

Regardless of whether the mineral estate and surface estate are held by one owner or have been severed, Texas law holds that the mineral estate is dominant.

Non-disclosure state — Your home is in a “non-disclosure” state (Idaho, Indiana, Kansas, Louisiana, Mississippi, Montana, New Mexico, Texas, Utah, and Wyoming) where transactions are not publicly reported and therefore, we do not have enough data to create a Zestimate.

Are Zillow estimates accurate in Texas? ›

In the state of Texas, Zillow's median error rate is 1.9% for active listings. For homes that are not on the market, that error rate jumps to 5.7%. This means that half of Zestimates for off-market properties in Texas are within 5.7% of the actual selling price, while the other half are not.

The average closing costs for buyers in Texas are approximately 2% to 5% of the purchase price, with a good rule of thumb of 3% for a quick ballpark estimate.

The median sale price of a home in Texas was $354,800 in June, according to the real estate brokerage, down 0.94 percent year-over-year. It is the first drop since prices started climbing back in the state in October 2023, and it goes against the national trend.

Nearly a quarter of the state's 6.9 million homeowner households spend too much on housing, according to Harvard's analysis. The state's high housing costs and a shortage of housing affordable to the poorest Texans fueled a 12% increase in homelessness last year, according to federal estimates.

The State of Texas does not have an income tax, leading to a beneficial low business taxation system that leads to fewer taxes for its citizens. As a result, they are able to spend the extra money on owning or investing in real estate due to more affordable housing costs.

The median sale price of a home in Texas was $354,800 in June, according to the real estate brokerage, down 0.94 percent year-over-year. It is the first drop since prices started climbing back in the state in October 2023, and it goes against the national trend.

The pandemic-driven boost to prices should last until at least 2026, according to Bank of America. Housing prices are rapidly rising, and there's room for them to go even higher, according to Michael Gapen. The bank predicts that home prices will rise 4.5% in 2024 and 5% in 2025.

The best time of year to sell a house in the United States is the spring. Homes that are listed at the end of spring and the beginning of summer typically sell faster at a higher sales price.

Real estate experts predict a continued housing shortage, and because they expect high buyer demand to keep pushing home prices up, 2024 may be an ideal time to sell. Experts also anticipate a leveling out of 2023's elevated mortgage rates, expecting rates to eventually settle around 6% – 7% in the spring.