Texas Housing Market
In September, home prices in Texas saw a increased of 1.4% compared to the previous year. Meanwhile, home sales increased by 8.9% , and the number of homes for sale rose by 23.9%.
Texas Housing Market Overview
In September 2024, home prices in Texas increased by 1.4% compared to the previous year, with a median sale price of $350,300. The number of homes sold increased by 8.9% year-over-year, with 28,020 homes sold in 2024, compared to 25,717 in 2023. Additionally, the median time a home stayed on the market increased by 20.9%, reaching 52 days.
Median Price
$350,300 | YOY growth 1.4%
# Of Homes Sold
28,020 | YOY growth 8.9%
Days on Market
52 | YOY growth 20.9%
Median Price
Historical Median Price for past 24 months
Top 10 Texas Cities with Investment Property Opportunities
4,651 investment Property
2. El Paso, TX
2,902 investment Property
1,703 investment Property
4. Amarillo, TX
1,145 investment Property
5. Austin, TX
964 investment Property
6. Houston, TX
693 investment Property
7. Waco, TX
646 investment Property
8. Dallas, TX
609 investment Property
9. Mcallen, TX
312 investment Property
297 investment Property
Texas Housing Supply
In September 2024, California had 162,431 homes for sale, representing a 23.9% increased compared to the previous year. The number of newly listed homes was 41,469 and up 18.2% year over year. The average months of supply is 4.2 months, up 7.6% year over year.
# of Homes for Sale
162,431 | YOY growth 23.9%
# of Newly Listed Homes
41,469 | YOY growth 18.2%
Month of Supply
4.2 | YOY growth 7.6%
# of Homes for Sale
Historical # of Homes for Sale for past 24 months
Top Markets in Texas
Market | Mashmeter Score | Optimal Strategy | Median Price |
|---|---|---|---|
North College, Abilene, TX | A+ | Short-term | 283,900 |
Slaton-Bean, Lubbock, TX | A+ | Short-term | 279,945 |
Holland Hills, San Marcos, TX | A+ | Short-term | 374,490 |
East Riverside, Waco, TX | A+ | Short-term | 279,000 |
Brook Oaks, Waco, TX | A+ | Short-term | 279,000 |
Top Neighborhoods in Texas
Texas short term regulations
Houston, TX
Rating:
Legal for non-occupied:
Yes
Rule Summary:
No regulations yet
Rented days limit:
N/A
San Antonio, TX
Rating:
Legal for non-occupied:
Yes
Rule Summary:
San Antonio adopted a two-tiered short term rental ordinance in 2018, which distinguishes between rentals in which the host lives on the property and all others. For hosts who make the rental property their primary residence (Type 1), vacation rentals are allowed throughout the city with few restrictions. For non-owner-occupied properties (Type 2), the number of short term rental permits are limited to 12.5% of each residential block. There's also a process to appeal the density restrictions and some existing Type 2 rentals are “grandfathered” going forward.
Rented days limit:
N/A
Dallas, TX
Rating:
Legal for non-occupied:
Yes
Rule Summary:
Dallas does not appear to regulate short term rentals beyond existing ordinances that apply to all types of rental properties across the city. Since 2010, owners of non-owner occupied rental properties, long term and short term, have been required to register and pay a (small) annual fee.
Rented days limit:
N/A
Austin, TX
Rating:
Legal for non-occupied:
Yes
Rule Summary:
Operating license required to run STR in the city. Certain caps and zoning limitations on non owner-occupied properties
Rented days limit:
N/A
Fort Worth, TX
Rating:
Legal for non-occupied:
N/A
Rule Summary:
Airbnb's are legal in certain residential and commercial neighborhoods . For the most part still friendly
Rented days limit:
N/A
Texas Top Investment Properties Under Median Price
Read More About Texas Market
How to Start an Airbnb in Texas
The Real Estate Investor’s Guide to Buying a Property in Tornado Alley
Is Austin Multifamily for Sale Worth Investing in 2022?
The Complete Texas MLS Listings Guide for Real Estate Investors
