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Supply icon Supply
Demand icon Demand
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Fort Worth Housing Market Overview

The housing market in Fort Worth is a mix of charming single-family homes, modern townhouses, and spacious ranch-style properties, with options for various budgets and lifestyles. The Fort Worth real estate market has shown modest growth in recent months. The median home price has increased by 1.2% YoY to $335,000. Properties typically stay on the market for 69 days, a 15-day increase from the previous year. Over the years, Fort Worth has seen steady property value appreciation, driven by the city's strong economy, growing population, and proximity to the Dallas-Fort Worth metroplex.

On the other hand, home sales are on the decline. This month, 769 homes were sold, a 6.2% drop from this time last year. This slowdown suggests less competition and a cooling market. However, Fort Worth's real estate market remains a vital part of the Texas housing landscape. Known for its vibrant culture, robust job market, and diverse neighborhoods, Fort Worth continues to attract both local and out-of-state buyers. Sellers can take advantage of this demand by pricing their homes realistically, and offering concessions to speed up the sale.

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Fort Worth Housing Supply

Fort Worth is a compelling market for real estate investors, thanks to its growing demand and expanding economic opportunities. The number of homes for sale in Fort Worth, Texas has increased to 2,799, which is a 12.23% rise compared to the previous year. This includes 1,073 new listings entering the market. The housing supply in Fort Worth currently stands at 3.7 months, an increase of 0.7 months from the previous year. This points to a more balanced market, where homes take slightly longer to sell compared to last year.

Fort Worth's housing supply varies depending on seasonal factors. In the spring and summer months, the market typically sees a rise in listings. Both buyers and sellers remain active, aiming to close deals before the school year begins or the weather gets colder. Fort Worth offers a blend of urban amenities and suburban tranquility, and its demand is fueled by a growing population. Key neighborhoods like TCU, Ridgmar, and the Cultural District feature a diverse mix of property options, from established homes to newer developments. Fort Worth's solid infrastructure, dynamic job market, and cultural attractions add to its appeal for both local and out-of-state buyers.

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Fort Worth Housing Demand

Fort Worth's real estate market has seen a dip in competition recently. Only 16.1% houses in Fort Worth, Texas sell above their list price, a 1.6 percentage point drop from last year. On the other hand, price reductions have increased to 29% of all Fort Worth listings, which points to a rise in market adjustments. Moreover, the sale-to-list price ratio has reached 98.2% in recent months. This means that sellers now receive slightly below their asking price for homes.

In these conditions, strategic pricing and the prevailing sale-to-list price ratio determine who has better negotiation power in the market. As a home seller, if you price your house accurately from the start, you can avoid price reductions. You could also offer concessions to buyers instead of reducing the asking price right away. If the sale-to-list price ratio is less than 100%, expect buyers to negotiate for a lower price. If you're a buyer, focus on homes with extended listing periods. Also, consider homes with previous price reductions as they may offer you more room for negotiation.

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Buyer’s Market

Seller’s Market

Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.

Fort Worth's housing market has shifted between periods favoring buyers and sellers. Like the Texas real estate market, the Fort Worth market can favor both parties depending on the season. When competition is low and inventory rises, buyers have more room to negotiate. On the other hand, sellers can benefit from higher prices and faster sales when demand outpaces the available supply.

Furthermore, if the months of Fort Worth's housing supply increase beyond the balanced range of the US real estate market (5 to 6 months), it can give buyers more time to weigh their options. Knowledge of these market forces can guide you to strategically time your transaction.

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Frequently Asked Questions

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