Today, Coldwell Banker Real Estate LLC released its 2015 Home Listing Report (HLR), which ranks the affordability of the real estate markets in Texas. The Coldwell Banker® Home Listing Report named Grapevine as the fifth most expensive market in Texas with an average listing price of $334,775 and Flower Mound as the sixth most expensive with an average listing price of $321,069. Duncanville was named as the second most affordable market in the state with an average listing price of $136,825.
The annual report is the most extensive home price comparison tool currently available in the United States, ranking the average listing price of four-bedroom, two bathroom homes in more than 2,700 markets. While other affordability reports provide average or median prices for all homes in a given area, the Coldwell BankerHome Listing Report analyzes more than 81,000 four-bedroom, two-bathroom home listings to better address how much a home in one market would cost if the same home were located somewhere else in the country.
Most Expensive Average List Price
Galveston/Tiki Island/Jamaica Beach $447,936
Austin $362,030
Boerne $350,224
La Vernia $340,661
Grapevine $334,775
Flower Mound $321,069
Most Affordable Average List Price
Socorro $134,170
Duncanville $136,825
Terrell $142,346
Lancaster $144,427
Marshall $145,278
Bridgeport/Runaway Bay $150,173
Full data for Texas including affordability rankings of its local markets, is available on the Coldwell Banker Home Listing Report website.
Coldwell Banker Residential Brokerage is a leading residential real estate brokerage company with 18 offices and more than 850 sales associates serving the communities of Dallas/Fort Worth. Worldwide, the Coldwell Banker network includes 3,000 offices with nearly 86,000 sales associates. Every day, Coldwell Banker Residential Brokerage properties are exposed to 16 million buyers on more than 725 high-traffic websites. For more information or to view local listings, visit CBDFW.com. To learn more about a career in real estate or affiliating with Coldwell Banker, visit JoinCBRealEstate.com. Coldwell Banker Residential Brokerage is a subsidiary of NRT LLC, the nation’s largest residential real estate brokerage company.
About the 2015 U.S. Home Listing Report (Methodology):
The Coldwell Banker® U.S. Home Listing Report analyzes the average listing price of four-bedroom, two-bathroom real estate properties on coldwellbanker.com between December 2014 and June 2015 for 81,417 listings in 2,722 markets. The Coldwell Banker franchised affiliates, as well as other franchise brands associated with Realogy Holdings Corp, contribute to listings on coldwellbanker.com. Markets without at least 10 four-bedroom, two-bathroom listings on coldwellbanker.com between December 2014 and June 2015 were excluded from the ranking.
