Between July and September, the median home in North Texas cost $400,000 — a 1.2% drop from the same time last year, according to a Texas Realtors report

Home prices decreased more steeply in Austin, where the median fell by 7.9% to $456,000. Trends in Houston, where home prices dropped by 1.1%, more closely match Dallas-Fort Worth.

While the statewide median price fell by 1.5%, the majority of Texas metro areas, including San Antonio and El Paso, saw home prices go up. 

Dallas-Fort Worth led the state in home sales during the third quarter, though total transactions were down 9.3% in comparison to 2022. 

Housing affordability is declining in Texas cities, with incomes increasing at a slower pace than housing costs. Over the past decade, Dallas-Fort Worth incomes have risen 45% while the median home price has more than doubled, according to a Dallas Morning News analysis

This fact brief is responsive to conversations such as this one. 


Texas Realtors Texas Quarterly Housing Report 2023: Q3 Edition

Dallas Morning News Dallas-Fort Worth homes now less affordable than Chicago, nearing New York costliness

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Haley Samsel is the environmental reporter for the Fort Worth Report. You can reach them at Her coverage is made possible by a grant from the Marilyn Brachman Hoffman...