Texas’ housing market is showing a more balanced pattern as the fall season begins, with home prices slightly lower than a year ago and buyers having more time to evaluate available properties in many markets.
The latest August 2026 data shows that conditions vary considerably across Texas, making local market trends particularly important for buyers, sellers and investors.
Current Market Snapshot
According to Redfin, the median sale price for a Texas home was approximately $333,611 in August 2026, down 1.3% from a year earlier. The state recorded 26,159 home sales during the month, a 5.6% decline year over year, while the median home remained on the market for approximately 68 days.
Realtor.com’s August data shows a statewide median sold price of approximately $340,000, essentially unchanged from the previous year. Its data also shows a median listing price of $365,000.
Differences between housing-data providers can occur because they use different datasets and methodologies, but both point to a market that is no longer characterized by broad statewide price acceleration.
Inventory Provides More Choices
Texas continues to have a substantial amount of housing inventory.
Redfin reported approximately 180,524 homes for sale in August, down 3.2% from a year earlier, with about six months of supply. New listings totaled 39,362, down 1.4% year over year.
Realtor.com, using its own listing data, reported 314,616 active listings, up 2.1% from August 2025. The difference between the two inventory figures reflects the different datasets and methodologies used by the organizations.
Overall, the data does not support the original claim that Texas inventory has fallen approximately 15%.
Buyer Competition Varies by Market
While some Texas communities remain competitive, the statewide market does not appear uniformly competitive.
Redfin reported that 12.3% of Texas homes sold above their list price in August, while 23.0% of homes had price reductions. The average sale-to-list price ratio was 97.3%.
Some local markets can still experience stronger demand. For example, individual communities in Texas recorded significant year-over-year price increases, while others experienced declines. This reinforces the importance of examining local rather than statewide data when evaluating a property.
What This Means for Buyers and Sellers
For buyers, increased supply and longer marketing periods in many areas can provide additional opportunities to compare homes and negotiate price or other terms.
For sellers, accurate pricing remains important. The latest data does not support a statewide expectation that properly priced homes will automatically receive multiple offers within their first week.
Local factors—including neighborhood inventory, property condition, price range, mortgage rates and recent comparable sales—can have a significant effect on the outcome of an individual listing.
Regional Differences Remain Important
Texas is a large and diverse housing market. Conditions in Dallas-Fort Worth, Houston, Austin, San Antonio and smaller communities can differ substantially.
For example, Redfin reported that Travis County’s median sale price fell 5.3% year over year to $497,336 in August, while the market had 6.5 months of supply and homes averaged 72 days on the market.
These differences demonstrate why buyers and sellers should review market statistics for the specific city or county where a property is located.
Looking Ahead
Texas’ housing market is entering the fall with a combination of moderate inventory, slower sales activity and relatively stable-to-lower prices compared with last year.
Rather than assuming that prices will continue rising statewide, buyers and sellers should monitor local inventory, recent comparable sales, days on market and financing conditions when making real estate decisions.