Described as a "Great Housing Reset" with modest growth and high buyer leverage. A guide to buying a home in Texas - Rocket Mortgage

Sellers are increasingly flexible, with over two-thirds of closed sales involving price cuts of at least 3%. The average seller price reduction is currently around 7.4%.

Active listings have reached 15-year highs, with approximately 128,100 to 141,519 homes for sale statewide.

As of April 2026, the statewide median home price sits between , which remains notably more affordable than the national average. The market has shifted from "always hot" to "selectively hot," meaning while some areas are still competitive, others are seeing meaningful price corrections and inventory surges.