September 2024 Housing Report

Fort Worth and Tarrant County are seeing more home-buying opportunities, with inventory levels rising to 3.7 months in Fort Worth and 3.5 months in Tarrant County, up from 2.5 months the previous year. Despite this increase, median home prices have remained stable, with Fort Worth at $335,000 and Tarrant County at $346,890. Lower interest rates are also making it easier for buyers to enter the market before the holidays.

Fort Worth’s popularity continues to grow, with the city gaining over 21,000 new residents in 2023, becoming the 12th largest city in the U.S. Blake Barry, President of the Greater Fort Worth Association of REALTORS® (GFWAR), noted the city’s appeal due to its job opportunities and balanced work-life environment. Homes in Fort Worth are staying on the market longer, averaging 50 days, an increase of 12 days from last year, and Tarrant County homes now average 49 days, up 11 days.

In neighboring counties, Parker County homes spent an average of 72 days on the market, 6 days longer than in September 2023, while Johnson County properties were on the market for 73 days, 18 more days year-over-year. Although closed sales have dipped slightly, with Fort Worth down 1.1% and Tarrant County down 2.2%, the combination of higher inventory and lower interest rates offers buyers an excellent opportunity to take advantage of the market and find their ideal home.