Texas Real Estate Market 2025: 5‑Year Perspective with 2025 Data, Trends & Homeowner Playbook
We combined a five‑year perspective with raw, latest data (June 2025) from Austin, Dallas, Houston, and San Antonio to show what’s really happening—and how to make smart moves in 2025.
- Texas 2025 Snapshot (Raw Data)
- How We Read the Last 5 Years
- Prices & Affordability
- Inventory & Days‑on‑Market
- Mortgage Rates & Payment Reality
- Metro Highlights (Austin, Dallas, Houston, San Antonio)
- Homeowner Playbook for 2025
- Authority Links & Resources
- Next Steps
Texas 2025 Snapshot (Zillow ZHVI Raw Data)
Analysis based on Zillow Home Value Index (ZHVI) year‑over‑year data, as of June 2025. Values below compare June 2025 to June 2024 for the four largest Texas metros.
| Metro | As‑of | Median Home Value | YoY Change |
|---|---|---|---|
| Austin, TX | 2025‑06 | $444,087 | −0.47% |
| Dallas, TX | 2025‑06 | $372,023 | −0.21% |
| Houston, TX | 2025‑06 | $312,121 | +0.04% |
| San Antonio, TX | 2025‑06 | $284,786 | +0.10% |
| Texas (Top Metros Avg) | 2025‑06 | $353,254 | −0.14% |
How We Read the Last 5 Years
Texas rode a **pandemic‑era surge** (2020–2022), followed by **moderation** as mortgage rates rose. Entering 2025, the market is **payment‑sensitive**: small rate moves alter monthly budgets more than cosmetic price shifts. Because the ZHVI dataset reflects a **YoY snapshot** (2025‑06 vs 2024‑06), we combine it with broader context from industry datasets to clarify the longer arc.
For national and state‑level perspective, cross‑check: National Association of Realtors, Realtor.com Research, Redfin News, and Zillow Research. For jobs, wages, and construction, see U.S. Census Bureau and FRED.
Prices & Affordability
Given the snapshot: **Austin $444K (−0.47% YoY)**, **Dallas $372K (−0.21%)**, **Houston $312K (+0.04%)**, **San Antonio $285K (+0.10%)**. Across these metros, the **Texas average sits near $353K (−0.14%)**. Practically, this looks like a **plateau** after a multi‑year climb. Affordability hinges on payments more than sticker price—especially for first‑time buyers comparing monthly costs.
Inventory & Days‑on‑Market
Inventory moved off ultra‑tight lows in many neighborhoods, but conditions vary by school zone, commute, and new‑build competition. Move‑in‑ready homes still get the most traction; project homes require pricing that acknowledges renovation risk.
- DOM creeps up when list prices ignore today’s payment thresholds.
- Condition gaps matter more—buyers pay premiums for “done.”
- New‑build incentives (rate buydowns/credits) can reset comps nearby.
To monitor trends beyond the ZHVI snapshot, keep an eye on Realtor.com market dashboards and CoreLogic Insights for risk/appreciation analysis.
Mortgage Rates & the Payment Reality
Mortgage rates are the **primary governor** on demand. A 0.25% swing can change monthly payments by hundreds of dollars on a median‑priced Texas home. When rates dip, showing traffic jumps; when they rise, buyers pause.
Metro Highlights (Austin • Dallas • Houston • San Antonio)
Austin
$444,087 (−0.47% YoY). Tech‑driven demand met with normalization. Turnkey listings near jobs, parks, and top schools remain competitive; cosmetic‑fixers need sharper pricing.
Dallas
$372,023 (−0.21% YoY). A broad, diversified economy supports steady demand. New‑build incentives can shift buyer calculus; resale sellers should counter with presentation or credits.
Houston
$312,121 (+0.04% YoY). Essentially flat YoY. Energy, medical, and logistics stabilize demand; neighborhood‑by‑neighborhood condition sets pace.
San Antonio
$284,786 (+0.10% YoY). Value‑oriented move‑up and first‑time segments remain active; rate sensitivity is the swing factor.
Homeowner Playbook for 2025
If You’re Selling
- Price to today’s payment reality. Buyers shop the monthly number first.
- Fix safety/insurance items. Roof, electrical, moisture—reduce last‑minute credits.
- Offer a rate buydown. Often outperforms a simple list‑price cut in buyer reach.
- Compare paths: retail listing vs. written as‑is cash offer with a clear net sheet.
If You’re Buying
- Get pre‑approved with buydown scenarios.
- Shop neighborhoods, not only houses. Commute, insurance, HOA can outweigh small price differences.
If You’re Inheriting/Relocating/Landlording
- Time is a cost. Compare a 14–21 day as‑is sale to listing timelines.
- Occupied sales are doable. Coordinate respectfully and set expectations early.
Get Your Texas Market Net Sheet (Free)
We’ll email a simple, customized net sheet based on your address and timeline—plus one weekly Texas update with charts.
Authority Links & Resources
- National Association of Realtors (NAR)
- Realtor.com Research
- Redfin News
- Zillow Research
- Federal Reserve Economic Data (FRED)
- U.S. Census Bureau
- U.S. Department of Housing and Urban Development (HUD)
- CoreLogic Insights
- Texas State Law Library: Property Foreclosure
- CFPB: Mortgages & Foreclosure FAQs
Raw figures in this post are drawn from the Zillow Home Value Index (ZHVI) dataset (as of June 2025, YoY vs. June 2024) and are supplemented with public research sources above for broader context.
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