In November, Dallas and Fort Worth saw a significant divergence in home listing prices. According to the Greater Fort Worth Association of Realtors, Dallas experienced a nearly 12 percent increase in its median listing price year-over-year, reaching $458,000. In contrast, Fort Worth’s median listing price dropped by 6 percent to $318,500. This marks the largest gap between the two cities since July and represents the lowest median listing price for Fort Worth this year.
Earlier in 2025, Fort Worth’s home prices had stayed above those of 2024 until July, when the median price fell by 2.3 percent year-over-year to about $337,000. Meanwhile, Dallas saw a 1.6 percent rise to $452,000 during that month. Since then, except for October when prices matched those from October 2024, Fort Worth’s listings have lagged behind last year’s numbers each month.
This shift signals an adjustment for sellers in Fort Worth who previously held more negotiating power. “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,” Epperley added. “Homes are still selling, buyers are still buying; maybe not at the fever pitch that they were.”
The Dallas/Fort Worth area reached its highest market value in summer 2022 based on Zillow data.
Despite higher asking prices in Dallas this year, sale prices have declined by 3.3 percent in November according to Redfin data (https://www.redfin.com/news/), placing it alongside Fort Worth which had a decline of 3.9 percent—both among the steepest drops nationally.
Other major Texas cities are also seeing similar trends as buyer demand cools and inventory increases (https://www.zillow.com/research/). Houston and Austin shared the largest decrease in median home prices nationwide in September; Austin recorded the greatest loss in average home value as reported by Zillow in November.
