Top Mega Teams in Fort Worth, Texas – Ranked by Volume

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2022 Market Summary

Fort Worth, Texas started 2022 with a total of 635 single-family homes on the market, with a median home price of $349,000 and an average price per square foot of $202. By the end of the year, inventory had increased to 1,549 homes on the market (+143%), with a median home price of $340,000 (-2%) and an average price per square foot of $191 (-5%).

At the start of 2022, the median days on market (DOM) was 28 days – by the end of the year, median DOM had increased to 56 days.

Fort Worth started the year with 20% 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 56% of Fort Worth homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Fort Worth started 2022 as a strong seller’s market, with an MAI score of 70; by the end of the year, the MAI had dropped to 42 – 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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