While the median prices for houses are increasing across the region, no larger population county in West Texas can compare to Midland, according to the Texas A&M Real Estate Center.

The center reported that the median priced home in June inside Midland County sold for $330,000 – the second highest on record. That price was $55,000 more than the median price in Randall County, one of two counties where Amarillo is located. Taylor, Tom Green and Lubbock counties rounded out the top five.

The larger metropolitan areas around the state showed prices generally above the price in Midland County, according to the A&M real estate center. Travis County (where Austin resides) showed a median priced home of $611,500 in June. Collin County (Plano, McKinney, Allen and Frisco) was second at $575,000. Dallas, Tarrant (Fort Worth) and Harris (Houston) also showed higher median prices than Midland.

 

Midland County in June

Homes sold: 294

Dollar volume: $108.582 million

Average price for a home sold: $369,330

Median price for a home sold: $330,000

Homes available at end of month: 633

Months of inventory: 2.4

 

Median price for home sold

West Texas

Midland $330,000

Randall $275,000

Taylor $260,000

Tom Green $255,000

Lubbock $250,000

El Paso $236,750

Ector $231,500

 

Texas

Travis $611,500

Collin $575,000

Dallas $385,000

Tarrant $380,000

Harris $335,000

Midland $330,000

Bexar $320,000

Source: Texas A&M Real Estate Center

 

Inventory

West Texas

Randall 1.2 months

Lubbock 1.5 months

El Paso 1.6 months

Taylor 1.7 months

Tom Green 1.7 months

Midland 2.4 months

Ector 3.2 months

 

Texas

Harris 1.4 months

Dallas 1.5 months

Tarrant 1.6 months

Bexar 1.8 months

Collin 1.9 months

Travis 2.0 months

Midland 2.4 months

Source: Texas A&M Real Estate Center

 

 

 

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