Top Small Teams in Fort Worth, Texas – Ranked By Sides

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2023 Fort Worth, Texas Housing Market Summary

Fort Worth, Texas started 2023 with a total of 1,477 single-family homes on the market, with a median home price of $343,000 and an average price per square foot of $191. By the end of the year, inventory had increased to 1,890 homes on the market (+27%), with a median home price of $330,000 (-3%) and an average price per square foot of $201 (+5%).

At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had decreased to 56 days.

Fort Worth started the year with 54% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 46% of Fort Worth homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Fort Worth started 2023 as a strong seller’s market, with an MAI score of 45; by the end of the year, the MAI had dropped to 43 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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