Texas (TX) housing market

Name: Texas Housing Market Data
Creator: Redfin

Cool Market

Statewide monthly sale-market indicators for rental investors — not a substitute for local rent comps, taxes, or insurance, but a fast read on price level, pace, and negotiation pressure.

Data period: May 2026

Market snapshot

Median sale price: $356K
Median days on market: 56 days
Months of supply: 4.6
Active inventory: 134,656
Homes sold: 29,445
Sale-to-list ratio: 97.2%
Listings with price drop: 33.9%
Data month: May 2026

Analyze a rental property in Texas Run a deal in the Texas market

Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.

Rental Investor Snapshot

Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.

Market temperature: Balanced
Buyer leverage: High
Pricing signal vs. U.S. median: Easier buy-in vs. U.S. median (price only)
Investor fit (heuristic): Buy-in vs. U.S. · Negotiation · BRRRR

Watch-outs

Slower sales (longer days on market) can mean more time to diligence — but also weaker demand.
Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.

Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.

Cool Market

Buyer activity is slowing, creating more negotiating room.

Texas market summary

The Texas housing market is cooling down. As of May 2026, the median home sale price is $356K, up 2.0% year-over-year. Homes are spending a median of 56 days on the market, 7.7% longer than a year ago.

There are 134,656 homes for sale — 10.8% fewer than last year. With 4.6 months of supply, this is a balanced market. 44,123 new listings were added during this period, down 12.2% year-over-year.

Homes are selling for 97.2% of their list price on average, suggesting room for negotiation. 14.1% of homes sell above their asking price. 33.9% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

Contributing Factors

Months of Supply↑ 4.6

Days on Market↑ 56

Price Drops↑ 33.9%

Sale-to-List Ratio– 97.2%

Market Temperature↑ Cool

How This Market Compares

vs. National Median

Median Price (National: $450K)↓ 20.8%

Days on Market (National: 42)↑ 33.3%

Inventory (National: 1,460,440)↓ 90.8%

Investor takeaway

The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 21% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.

Texas market trends

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Detailed market metrics

Median list price

$379K

Price per sq ft

$178

Sale-to-list ratio

97.2%

Months of supply

4.6

Sold above list

14.1%

Price drops

33.9%

New listings

44,123

↓ 12.2% YoY

Pending sales

34,716

Texas housing market FAQs

What is the median home price in Texas?

For the latest published month, the median sale price in Texas is $356K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.

Is Texas a buyer's or seller's market?

With about 4.6 months of supply, the market is often closer to balanced — neither extreme scarcity nor extreme surplus.

How long do homes stay on the market in Texas?

For the latest published month, the median days on market in Texas is 56 days — half of homes went pending faster and half slower.

Is Texas good for rental property investors?

Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Texas can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.

How should investors analyze a rental property in Texas?

Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Texas deals.

Metro markets in Texas

Open a metro for the same investor snapshot and trends, then run a shortlist through the DSCR calculator and cap rate calculator.

Houston, TX

$345K median · 49 days on market