Texas started 2024 with a total of 79,278 single-family homes on the market, with a median home price of $369,442 and an average price per square foot of $216.03. By the end of the year, inventory had increased to 106,944 homes on the market (+35%), with a median home price of $369,000 (0%), and an average price per square foot of $218 (+1%).
At the start of 2024, the median days on market (DOM) was 77 days – by the end of the year, median DOM had increased to 91 days.
Texas started the year with 33.97% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 37.27% of homes for sale had taken a price cut.
