Three of Four Texas Homes Sold Below Asking Price Last Year

Texas homebuyers are scoring discounts in droves.

Three of every four homes in the major cities of Texas sold for well under asking price last year, making Texas one of the most buyer-favorable states in the country, according to Redfin. Nationwide, only Florida exceeds Texas in residential discounts, with West Palm Beach, Fort Lauderdale and Miami pushing Austin to fourth place among the country’s biggest metro areas.

Over 82 percent of homes sold below their original listing price in Austin, the most discounted metro in the state. The share of discounted sales was 79.4 percent in Dallas, 78 percent in Houston and 74 percent in Fort Worth. Altogether, nearly 80 percent of homes sold in the Texas Triangle last year traded at a discount, Redfin shows. Florida tops out with 87.9 percent of homes selling below list price in West Palm Beach and 81.9 percent among all six of the state’s major metros.

The data suggests that sellers are still coming to terms with the end of the pandemic-era boom that gave them the advantage during the early 2020s. With housing inventory pushing levels not seen since 2011 across the Texas Triangle, the question is whether Texas cities are simply returning to pre-pandemic norms or beginning a substantial decline.

“I do have a sense that we’re still seeing the unfair comparison, if you will, to Austin at the peak. And it can skew the perception of how well Austin is doing,” said Vaike O’Grady, market research adviser for Unlock MLS.

Austin-area homes have suffered the greatest drop in value among the top metros in the country since their respective market peaks, according to Zillow. For Austin, that peak was 2022, when the city was enjoying a tech industry renaissance and concomitant migration from California.

The post-pandemic decline may already be over, though. Median sale prices and sales activity within the city of Austin itself remained generally stable last year, compared to the year before. Inside city limits, total sales and median prices held flat between 2024 and 2025.

Even so, outlying areas have declined, O’Grady allowed.

“Williamson County did see a significant shift in terms of its median sale price [last year], and that’s probably because there’s so much relatively new inventory. It was such a focus of growth for so many years,” O’Grady said.

Austin doesn’t only have one of the nation’s highest shares of discounted sales; it also saw some of the nation’s steepest discounts. The average price cut for homes that sold below original list price was 9 percent in Austin last year, putting it in 10th place among the country’s top metros, Redfin reports.

Homebuilding also contributed to oversupply in the exurbs around the Dallas/Fort Worth Metroplex, according to Thaddius Watson, vice president of the Greater Fort Worth Association of Realtors.

“Aledo is a prime example,” Watson said. “We’re seeing a lot of development west. Aledo, Weatherford and even further out. South of the Metroplex is the same way.”

Similar to Austin, median sale prices dipped only slightly in the Metroplex — with MetroTex reporting a single-family sale price decline of 1 percent in 2025, year-over-year — but fell steeply in outlying areas like Denton County, which saw a 4.3 percent decline.

“This narrative that the Austin market is in trouble is just false. I think it’s just in comparison to where we were,” O’Grady said.