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Friday, January 17, 2025

Falling home valuations in Tarrant County in Q3 2024

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The median sale price of a home sold in the third quarter of 2024 in Tarrant County fell by $1,471, while total sales increased by 0.2%, according to BlockShopper.com.

From July through September of 2024, 7,615 homes were sold in the county, with sale prices around $162,382. This is a 0.9% decrease from the $163,853 median sale price during the same period in 2023, when there were 7,602 homes sold.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Tarrant County from July 2023 to September 2024.

Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024$163,853$163,853$161,223$161,223$162,762$162,762$163,000$163,000$162,382$162,382

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