Markets  ›  Texas

Texas housing market

In the Lone Star State, part of the Census Bureau's West South Central division, Pecan Street tracks 21 markets. Median sale prices run from $214K in Wichita Falls to $421K in Austin as of Sep 2026. Nine of 19 are higher than a year earlier and 10 are lower; Abilene leads at +22.0% and Austin trails at -2.0%.

Homes sit longest in Corpus Christi (99 median days on market) and sell fastest in Abilene (45 days). The share of active listings with a price cut runs from 18% in McAllen – Edinburg to 46% in Midland. Price-to-rent ratios run from about 12 in Wichita Falls to 17 in College Station – Bryan, measured as years of HUD Fair Market Rent per median sale price. Among the 193 U.S. metros Pecan Street tracks, the Abilene metro has the fastest year-over-year price growth and the Corpus Christi metro the 2nd-most median days on market. Texas's unemployment rate was 4.4% in Aug 2026 (BLS via FRED). The national rate was 4.2% in Sep 2026.

Markets at a glance

MarketMedian sale priceYoYDays on marketPrice-cut sharePrice-to-rent
Abilene$302K+22.0%4542%≈ 15
Amarillo$268K+4.8%4834%≈ 15
Austin$421K-2.0%8041%≈ 15
Beaumont – Port Arthur$239K+6.7%6630%≈ 13
Brownsville – Harlingen$271K-0.8%8521%≈ 16
College Station – Bryan$328K-0.5%8623%≈ 17
Corpus Christi$276K+0.2%9927%≈ 12
Dallas – Fort Worth$389K-0.8%6244%≈ 14
El Paso$280K+4.9%6623%≈ 15
Houston$333K-0.6%5531%≈ 14
Killeen – Temple$273K-0.5%7435%≈ 14
Laredo$254K+0.3%6519%≈ 14
Longview$272K+3.4%7134%≈ 14
Lubbock$256K+2.5%5031%≈ 12
McAllen – Edinburg$249K-1.2%7818%≈ 16
Midland——5546%—
Odessa——5335%—
San Antonio$307K-0.6%7138%≈ 14
Tyler$317K-1.6%7043%≈ 15
Waco$284K-0.8%7828%≈ 14
Wichita Falls$214K+3.6%5933%≈ 12

Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.

Recent signals

Strength 4 / 5

$465K

Cedar Park median sale price fell back under $500K — now $465K

Dropping back below $500K re-opens a buyer pool that had been priced out — and puts sellers on notice that the last few months' comps are no longer defensible.

Strength 4 / 5

6.7 mo

Corpus Christi supply now 6.7 months — buyer's market

Six-plus months of supply in Corpus Christi — this is a buyer's market by the textbook definition.

Strength 4 / 5

6.5 mo

Bryan supply now 6.5 months — buyer's market

Six-plus months of supply in Bryan — this is a buyer's market by the textbook definition.

Strength 4 / 5

6.5 mo

Killeen supply now 6.5 months — buyer's market

Six-plus months of supply in Killeen — this is a buyer's market by the textbook definition.

Strength 4 / 5

101.2%

Longview sale-to-list broke above 1.0 — 101.2%

Typical closed deal is now clearing at or over list price; sellers have regained pricing leverage since Aug 2026.

Strength 4 / 5

89.3%

Lubbock sale-to-list dropped below 1.0 — 89.3%

Typical closed deal now prints below list; buyers have real negotiating room for the first time in this market's recent cycle.