Kirstine Openshaw's Localized Market Report
Fort Worth, TX 76116
Single-Family Homes
The Openshaw Realty Group | Team@OpenshawRealty.com | 940-372-0044
Fort Worth, TX 76116
Sun Feb 23 2025
This week the median list price for Fort Worth, TX 76116 is $347,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 86.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $347,000 | |
| Median Price of New Listings | $299,000 | |
| Per Square Foot | $206 | |
| Average Days on Market | 119 | |
| Median Days on Market | 105 | |
| Price Decreased | 63% | |
| Price Increased | 3% | |
| Relisted | 22% | |
| Inventory | 86 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $610,000 | 2,571 | 0.25 - 0.5 acre | 3 | 2.5 | 63 | 3 | 1 | 105 |
| $400,000 | 2,075 | 8,000 - 10,000 sqft | 3 | 2 | 64 | 1 | 0 | 119 |
| $316,000 | 1,706 | 8,000 - 10,000 sqft | 3 | 2 | 66 | 1 | 4 | 115 |
| $249,500 | 1,332 | 8,000 - 10,000 sqft | 3 | 2 | 67 | 4 | 2 | 84 |