The Motley Fool study listed the median home sales price as of the second quarter of 2023 as $416,100—a more than $33,000 decrease from the previous year.
Here’s a deeper dive into what average house prices are in Texas like across the country.
In Texas, the typical home price was listed at $305,497, which was 87% of the typical U.S. price, according to the Motley Fool study.
“The typical home value in Texas is 13% below the national typical home price. With a median income that is 96% of the national median, the income to home value in Texas is just above average,” the study said.
Data also showed the median household income as a percentage of home value was at 22%.
Other key findings from the study:
- The median home sales price in the U.S. is $416,100 as of the second quarter of 2023, which is down 3% from the first quarter of 2023 when the median home sales price was $429,000.
- Hawaii was the most expensive state to buy a house, with a median home value of $966,572, according to the Zillow Home Value Index.
- West Virginia was the least expensive state to buy a house, with a median home value of $155,687, according to the Zillow Home Value Index.