Keepin’ it real estate 🏡

Are Fort Worth home prices expected to drop? 2024 real estate predictions

Find out what’s on the horizon for the Fort Worth real estate market. | Photo by @jrh79_

There aren’t enough flame emojis on the Internet to describe the Fort Worth housing market. In August 2022, the median home in Tarrant County sold for $365,000, a 17.7% jump year-over-year. Yowza. 🔥

Prices show few signs of cooling off — particularly with our larger-than-average home size. But for those hoping to dip their toes in the home-buying waters soon, it helps to know what trends to expect. Put on your floaties, and let’s hear what a local expert predicts.

Steady there, city dwellers

Margaret McDurmott Coulborn, of The Coulborn Group - Williams Trew, said that urban living “has remained stable” throughout 2022. Neighborhoods inside the 820 Loop continue to be popular despite a rise in people working from home who might be willing to move further from the urban core.

While median home prices for single-family homes in Tanglewood are well above $1 million, Coulborn said places like Arlington Heights and Fairmount are more in the low $500,000 range. This could prompt bidding wars to heat up all over again.

Don’t give up on FTW

While the national real estate market can be volatile, Texas generally stays above water. Coulborn has seen an influx of residents in North Texas due to growing job opportunities and a rising economy. “People are still moving due to different life phases,” she said. First-time home buyers, expanding and relocating families, empty nesters, and retirees are still on the hunt for a new home.

Worth it to wait?

Coulborn has seen a rise in interest rates in 2022 due to the Federal Reserve’s efforts to slow inflation, but she expects to see rates settle at the beginning of 2023 for “prolonged periods of higher interest rates.”

In fact, Coulborn predicts that North Texas prices will continue to appreciate at a stable rate as the area continues to develop with residential and corporate headquarters expanding in DFW. Basically, get on that dream home now.

MORE HOT REAL ESTATE TIPS

Give us your predictions:

Over the next six months, the real estate market here will…

A. Heat up even more
B. Level off and stay about the same
C. Start to cool off a bit
D. I have no earthly idea

TELL US

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Today

Cliburn International Amateur Competition Preliminary Round | Fri., Oct. 14 | 2:30 p.m. | Bass Performance Hall, 525 Commerce St., Fort Worth | $10.00 | Forty-two competitors will each present a solo recital during this preliminary round.

Saturday

Chill Sounds and Breakdowns III | Sat., Oct. 15 | 11 a.m.-11 p.m. | The Post at River East, 2925 Race St., Fort Worth | $20 | Relax with tunes from 30+ local musicians and groups.
Whiskey Myers | Sat., Oct. 15 | 7 p.m. | Dickies Arena, 1911 Montgomery St., Fort Worth | $21.00+ | The country-rock group from Palestine is bringing their new album “Tornillo” to Cowtown.

Sunday

English as a Second Language (ESL) Class | Sun., Oct. 16 | 3-4:30 p.m. | Fort Worth Public Library - Southwest Regional, 4001 Library Ln., Fort Worth | Free | Adults can strengthen their English skills in a fun and supportive environment.
Art & Krimes by Krimes | Sun., Oct. 16 | 12 p.m., 2 p.m., 4 p.m. | The Modern, 3200 Darnell St., Fort Worth | $5.00 - $10.00 | Watch a documentary of artist Jesse Krimes, who secretly created monumental works of art while incarcerated.

Monday

Backpacking Preparation | Mon., Oct. 17 | 10-11:30 a.m. | Nature Center - Murray James Auditorium, 9601 Fossil Ridge Rd., Fort Worth | $5.00 | Learn backpacking essentials & brush up on your skills.

We have a monthly guide filled with events + activities you can plan for in advance. Click the button below to bookmark ideas for upcoming date nights, family outings, and time with friends.

JUMPSTART YOUR WEEKEND

Weather

88º | Sunny | 0% chance of rain

Announced

Oneworld Alliance is moving its global headquarters from New York City to Fort Worth in December. The aviation company will settle at American Airlines’ Robert L. Crandall Campus campus that has a $250 million hotel opening early next year. ✈️

Development

On Wednesday, the city’s Zoning Commission issued a 30-day continuance for a proposal to limit multi-family housing development in the Fort Worth Stockyards. The change would ban future 730-unit projects in the Swift/Armor subdistrict. The project will reappear before the commission at the Wed., Nov. 9 meeting.

Civic

Starting Thurs., Nov. 1, the city will partner with Sweeping Corp. of America, the largest power sweeping company in the US, to expand the public street sweeping program. Learn tips about how you can make street sweeping more efficient. 🧹

Biz

With five large conferences taking place in Cowtown this fall, Fort Worth is expected to see a $19 million economic impact. From the 2022 BWI Expo to the HRSouthwest Conference, 10,000 visitors are expected to pass through downtown by the end of October. 💰

Trending

It’s official — the world’s tallest dog lives in Cowtown. Zeus, a pure-bred American Great Dane broke the Guinness World Record at 3 feet, 5.18 inches. His owner Brittany Davis says the three-year-old pup stands seven feet tall on his hind legs. 🐶 (Fort Worth Report)

Shop

Calling thrifters and vintage stylists — The FunkyTown Swap, a vintage clothing, jewelry, and art pop-up event, will return to the Trinity Art Court (inside Trinity Park) on Sat., Oct. 22 from 11 a.m.-6 p.m. Head over for throwback finds, live music, and food trucks. 👗

Watch

Were you a Barney kiddo? In case you didn’t know the purple dinosaur show originated in Dallas in the early 90s. Now, there’s a new two-part documentary that dives into the mixed feelings about the show. Check out “I Love You, You Hate Me” streaming on Peacock. 🦖 (CultureMap Fort Worth)

Arts

Mark your calendars for a new exhibition at The Carter. “Speaking with Light: Contemporary Indigenous Photography” opens Sun., Oct. 31, and runs through Sun., Jan. 22. The collection features 30+ Indigenous artists as they reclaim representation through the camera lens. 📸

Travel

A crackling campfire, sunsets by the lake, morning coffee on the dock — these are what fall getaways are made of. This getaway for two on a private lake in Minnesota has all that, plus a sauna.*

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Coming soon to the West 7th Corridor

Zoning Commission approves 600 units on the West 7th corridor

The development would replace a strip mall. | Photo by @FTWtoday

The city’s Zoning Commission has approved the rezoning of a strip mall behind Montgomery Plaza for mixed-use development.

The site in the 300 + 400 blocks of Carroll Street is currently home to Michael’s, Dollar Tree, Office Depot, PetSmart + Five Below. It could soon become nearly 600 apartments — a five-story building with 315 units and a seven-story building with 280 units — and 70,000 sqft of new retail space.

Being developed by KIMCO Realty and Kimley-Horn, the site covers almost 18 acres in the West 7th neighborhood. The project has already faced contention from neighbors about the area’s current traffic congestion that they fear will be exacerbated by new development.

The project will be heard at the city council meeting on Tues., Nov. 8.

THE WRAP

Today’s issue was written by Kate.

Editor’s pick: Rebecca and I have both spotted Zeus around town — ironically, at different farmers markets. Maybe all the fresh local produce helped Clifford grow so big. Have you seen the colossal canine in Fort Worth? Tell us where.

Missed yesterday’s newsletter? Grab tickets to the most festive holiday shows in town.

Connect with us.

Editorial: Rebecca McRobbie, Kate Mazade, Dayten Rose, Emily Shea, Ashlea Hearn, Josh Kranzberg | Send us a scoop, question, or feedback.

Sales: Julie Brown | Advertise with us.

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