What Is the Cost to Sell a House in Texas?
Pack your cowboy boots and kolaches recipes; you’re ready to sell your Texas home!
According to the recent Texas Quarterly Housing Report from Texas Realtors®, the number of homes sold in Texas during the first quarter of 2024 was almost the same as in the first quarter of the previous year. The statewide median price also rose by 1.6% to $330,950.
The months of inventory, which measures how long it would take to sell all homes on the market at the current sales pace, rose from 2.7 months last year to 3.8 months this year. Most Texas areas remain below balanced inventory levels (6-6.5 months).
Nevertheless, Gina Candelario, a top agent who works with 78% more single-family homes than the average San Antonio, Texas, agent, says sales are good.
Statewide, homes spent two fewer days on the market (DOM), with DOM rising in 16 metros and falling in 9.
Start with a home value estimate
According to the National Association of Realtors (NAR), the national median single-family existing-home price saw a 5% year-over-year increase to $389,400. With this, now may be a good time to check up on your home value. You may be pleasantly surprised to see what your house might be worth.
To get an initial idea, you can request a quick online value estimate using HomeLight’s Home Value Estimator. This free automated valuation model (AVM) tool will use recent sales transactions, local market trends, and your home’s latest selling price, to provide a preliminary range of value for your property in under two minutes. Just enter your address to get started.
How much does it cost to sell a house in Texas?
While your out-of-pocket costs depend on your situation and other variables, the cost to sell a house in Texas generally averages about 7% or more of the final sale price. That includes real estate agent commission, escrow, and assorted fees (some of which are negotiable with the buyer) but does not include mortgage payoff.
To illustrate, if you sold your Texas Craftsman home for $330,950, the seller’s costs could range from $24,787 to $36,831.
We’ll examine some of those expenses in detail.
