Fort Worth, Texas is the seat of Tarrant County, Texas and is located around 30 miles directly west of Dallas.  In between Dallas and Fort Worth lie several centrally located suburbs known as the Mid-Cities (which include Arlington, Irving, Hurst, Grand Prairie, Euless, Bedford, Southlake, Colleyville, North Richland Hills, Keller, and many others).  The collective population of the Mid-Cities area is estimated to be around 1.2 million and which exceeds that of the populations of Dallas and Fort Worth individually.  The majority of  Fort Worth lies in Tarrant County, although some parts of the city extend into neighboring Denton, Parker, and Wise counties.

The City of Fort Worth encompasses an area of roughly 350 square miles and has a population of just under 900,000, making it the fifth largest city in Texas.

Real estate values for homes in Fort Worth, TX have risen significantly over the last several years due to the rapid growth of North Texas and the Tarrant County metro area.

Median Sales Price Chart for Homes in Fort Worth, Texas

Real estate values for homes in Fort Worth have risen significantly since the end of the Great Recession and have only recently begun to level off somewhat.  Although prices have risen in recent years, the median price of homes in Fort Worth is lower than Dallas and also lower than many adjacent suburbs.

Median Sales Price Per Square Foot Chart for Homes in Fort Worth, Texas

The median price per square foot has also risen quite rapidly but is still more affordable than Dallas.

Median List Price Chart for Homes in Fort Worth, Texas

Average Days on Market Chart for Homes in Fort Worth, Texas

The average days on market decreased significantly after the Great Recession.  The days on market also varies significantly depending on the season, with homes selling much faster in spring and summer than the late fall and winter months.

Average Days on Market Chart by Price Range for Homes in Fort Worth, Texas

As the supply of homes at lower price points has dwindled due to rising prices, the days on market has decreased for these lower price points.  The sub-$250K market has seen a stark divergence in average days on market compared to the higher price points.

Months Supply of Home Inventory Chart for Homes in Fort Worth, Texas

While inventory saw a large spike many years ago, the supply of homes in Fort Worth has remained quite low in recent years. This often results in homes receiving multiple offers from interested buyers, some of which end up selling for over list price when the market is really hot.

Months Supply of Home Inventory by Price Range in Fort Worth, Texas

Inventory of homes at different price points varies less widely for homes under $500K, but the least expensive homes are in shortest supply.

Active Listings For Sale in Fort Worth, Texas

Active Listings For Sale by Price Point in Fort Worth, Texas

The inventory of active listings steadily decreased after the Great Recession, and the inventory of sub-$250K homes dropped below the $250K+ homes a few years ago as a result of steady price increases over the course of several years.

Average Percentage of List Price Received for Homes in Fort Worth, Texas

As prices rose and inventory decreased, homes tend to sell closer to their asking prices.  As the market cools off, this trend tends to reverse.  The effect is also quite seasonal with the highest months being in the spring and summer when the real estate market in North Texas is busiest.

New Listings of Homes in Fort Worth, Texas

April, May and June are typically the busiest months for new listings in Fort Worth while November, December and January are typically the slowest.

New Listings of Homes by Price Point in Fort Worth, Texas

As is evident in the chart, the number of higher-priced listings, especially in the $250K-$500K price points, is apparent while the supply of sub-$250K homes has greatly diminished in recent years due to the price increases. Over the last few years there have been more new listings than in recent years despite there being a higher level of listings on the market in previous years.  This was due to depressed demand – in other words, there were fewer new listings during the Great Recession, but higher levels of home inventory due to lower demand and higher marketing times.

Pending Sales of Homes in Fort Worth, Texas

Closed Sales of Homes in Fort Worth, Texas