Redfin’s Texas housing market data from March 2026 highlighted that home prices statewide have dropped 1.7% year over year compared to March 2025, while the percentage of homes sold has grown nearly 3%. The median price in Texas clocked in at $342,000 last month, per Redfin data — and those looking to buy property in either the Capital City or the Alamo City are in luck.
Austin’s home prices have dropped 2% between March 2025 and March 2026, with a median home value registered at $530,000 last month, Redfin analysts found. The capital city’s housing market is still “somewhat competitive,” Redfin added, with homes typically selling in about 58 days. On the flip side, San Antonio’s home prices have dropped 3.3% since last spring, with its median home price running to the tune of $260,000. However, San Antonio homes spent longer on the market — an average of 98 days compared to 72 days last year.
Elsewhere in Texas, Houston’s home prices declined 2.8% year over year, with its median home value reported at $345,000. Up in Dallas, the North Texas hub was the only anomaly among Texas’ big-hitter cities, with prices skyrocketing 14.7% between March 2025 and March 2026 to a median value of $499,000. Its housing market was also classified as a more competitive environment, with its homes selling within about 45 days.
However, despite its sizzling hot real estate scene for prospective sellers, Redfin named Dallas the No. 10 top spot people were moving away from, making it the only Texas metro named in that roundup.
So, why the overall dip in Texas’ home prices? Business and economic news outlet Marketplace reported that increased mortgage rates, paired with the United States’ war involvement and economic impacts, have urged caution for some prospective homebuyers. With job markets remaining shifty at this time, buyers’ piqued interests have waned despite a healthy array of homes available on local markets.
“Fundamentally, you know, supply is there. It’s just whether the demand is able to support it, right?” Yanling Mayer, a research economist with Texas A&M University’s Texas Real Estate Research Center, told Marketplace. “And if the demand is not able to support it, that means prices will come down even further.”