While Texas home sales remained steady year over year, buyers enjoyed more options in 2024, according to the Texas Real Estate Year in Review report from Texas REALTORS®. 

The report showed that home sales inched up in 14 Texas markets and dipped slightly in 12. Statewide, home sales increased by 0.7%. The Lubbock metro area experienced the highest jump (+4.3%), while Beaumont-Port Arthur saw the greatest decline (-6.8%).

“Many buyers sat on the sidelines in 2024 with home prices staying high,” Christy Gessler, chairman of Texas REALTORS®, said in a press release. “Additionally, inflation kept a lot of buyers out of the market in 2024.”

With a statewide increase of 30.5% in active listings, buyers in all but one Texas market selected from a larger pool of properties. The average number of days properties spent on the market increased by 5, giving buyers more time for consideration. 

On average, homes sold at 94.7% of listing price, with the greatest share of homes sold falling into the $200,000 to $299,999 price range. Since 2017, The median price per square foot in Texas has increased 50.9%. 

In Houston, the number of homes sold increased by 0.5% from 2023. Although active listings jumped significantly — 30% — homes spent longer on the market as months of inventory rose from 3.2 to 4.0. The median price per square foot increased just 1.4% to $164.65 year over year. That’s a jump of 50.8% since 2017.