Home Listings Prices Fall in Fort Worth and Rise in Dallas

Thanksgiving is often a time for reunion, but Dallas and Fort Worth drastically diverged in November.

Year-over-year, the median listing price of a home leapt almost 12 percent in November to $458,000 in Dallas, while it fell 6 percent to $318,500 in Fort Worth, according to the Greater Fort Worth Association of Realtors.

It’s the widest divergence between the neighboring cities since July, when Fort Worth’s median home price started to trail last year’s numbers. It also marks the lowest median listing price in Fort Worth all year, according to GFWAR.

Up to the summer, Fort Worth’s median home listing price remained above 2024 levels by a comfortable margin. In July, though, it fell 2.3 percent, year-over-year, to about $337,000, while the median price rose in Dallas by 1.6 percent to $452,000. Since then, the median home listing price in Fort Worth has lagged, year-over-year, every month except October, when it equaled the median listing price of October 2024.

The shift represents a coming-to-grips moment for Fort Worth sellers, who have long enjoyed the upper hand in negotiations.

“Everybody who’s in the game — economists, lenders, realtors — we all understand that what we saw three or four years ago is not sustainable,” said GFWAR President Paul Epperley.

“We’re actually pretty happy with the stability of the market,” he said. “Homes are still selling, buyers are still buying; maybe not at the fever pitch that they were.”

The Dallas/Fort Worth area hit a market value peak in the summer of 2022, according to Zillow data.

While Dallas sellers consider their homes more expensive this year, the market disagrees. Sale prices declined 3.3 percent in November, according to Redfin — putting Dallas right next to Fort Worth, with a decline of 3.9 percent, at the top of the national leaderboard.

Other cities in the Texas Triangle are also adjusting to the buyer’s market. Houston and Austin tied for the greatest decrease in median home prices nationally in September, and Austin had the greatest loss in average home value, according to Zillow in November.