12.20.2023

Today’s Forecast

66º | Cloudy | 0% chance of rain
Sunrise 7:27 a.m. | Sunset 5:27 p.m.

🏡 Location, location, location

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_

Could it be? Is the Fort Worth real estate market finally starting to cool off? In October 2023, the median home in Fort Worth sold for $330,000, a 2.9% drop from 2022.

Tarrant County home prices show a few signs of cooling off — particularly with 4.3% more active listings and an average of 40 days on the market (up from 37 days) compared to last year. 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.

FTW-tarrant-country-housing-report-october-2023 — The median home price in Tarrant County has decreased since 2022.
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Image courtesy of the Greater Fort Worth Association of Realtors

We’re headed west

Joseph Berkes, of the Joseph Berkes Group – Williams Trew, said that family living is “moving further southwest.” Potentially undervalued neighborhoods that are great for homebuyers include Ridglea Hills, Ridgmar, Mira Vista, and Benbrook.

He said he’s even seen a rise in home sales far out in Parker County — like Brock, Millsap, and Weatherford — where the market is still escalating. In October 2023, the median price of a home in Parker County was $474,950, a 5.5% jump year-over-year.

Inside Loop 820, Berkes mentioned the River District, an emerging neighborhood along the West Fork of the Trinity River, as a potential hot spot for young professionals in 2024, citing the neighborhood’s convenient proximity to the urban core.

FTW-parker-county-housing-report-october-2023 — The median home price in Parker County has increased since 2022.
|
Image courtesy of the Greater Fort Worth Association of Realtors

Don’t give up on FTW

While the national real estate market can be volatile, Texas generally stays above water. Berkes said he has seen the market “normalize a bit.”

“Growth is still good,” he said. “There are not as many out-of-state buyers as the last few years.

With bigger sales than ever, Berkes noted that Tarrant County is still fairing better the the country as a whole. However, he is no longer seeing as many bids per listing — which jumped up to eight last year — with an average of 2-3 offers on homes for sale.

City Guides are presented by Walsh.

More trends this way

Events

Wednesday, Dec. 20

TCU Women’s Basketball | Wednesday, Dec. 20 | 6:30-8:30 p.m. | Schollmaier Arena, 3000 Stadium Dr., Fort Worth | $5-$12 | Watch the team tip-off against Omaha in their Holiday Hoops series.

Thursday, Dec. 21

PBR Stockyards Showcase | Thursday, Dec. 21 | 7:30 p.m. | Cowtown Coliseum, 121 E. Exchange Ave., Fort Worth | $15-$55 | Try not to hold your breath during the eight seconds of adrenaline-filled sport.

Friday, Dec. 22

Dallas Cowboys Holiday Youth Camps | Friday, Dec. 22-Saturday, Dec. 23 | AT&T Stadium, 1 AT&T Way, Arlington | $175 | Athletes ages 6-16 can learn from former NFL players and current Dallas Cowboys Cheerleaders in these one-day football and dance camps.

Saturday, Dec. 23

Tanner Usrey | Saturday, Dec. 23 | 6 p.m. | Billy Bob’s Texas, 2520 Rodeo Plaza, Fort Worth | $20-$30 | Jam out to the Texas artist serving country grit, rock ‘n’ roll energy, and Americana eloquence.

Sunday, Dec. 24

Christmas Blanket Drive | Sunday, Dec. 24 | 10 a.m.-4:30 p.m. | Never the Less Always the More Ministries, 1136 East Vickery Blvd., Fort Worth | $5-$14 | Help HDNP International provide gifts, blankets, and sleeping bags for residents experiencing homelessness.

Events calendar here

Click here to have your event featured.

News Notes

Civic

Most municipal and community buildings will be closed on Monday, Dec. 25 for Christmas. Trinity Metro will operate a modified service and waste collection will be shifted by one day next week. See the full list of closures.

Open

Head to the newly opened Papi’s Tacos & More at 3520 Alta Mere Dr. for some San Diego street food. Starting as a food truck in Kentucky, the concept opened its first Texas brick-and-mortar on the Benbrook Traffic Circle + serves burritos stuffed with french fries and birria ramen. (Fort Worth Magazine)

Development

The city canceled a $70 million contract with Hoque Global for the Evans and Rosedale project in the Historic Southside. The contract was awarded on 2019 but cancelled after key deadlines were missed. The city is looking for a new developer to break ground on the 340-unit housing complex by 2025.

Community

Don’t forget to submit nominations for the 2023 Fort Worth Neighborhood Awards. Due Friday, Dec. 29, the 10-category award program recognizes projects and people who work to revitalize, engage, and promote healthy lifestyles in individual communities.

Announced

Public administrator Christianne Simmons has been named chief transformation officer for Fort Worth. Simmons will lead the newly imagined FWLab, which oversees comprehensive planning, capital programming, budgeting, performance management, and data analytics for the city.

Health

Dorothy DeBose is stepping down from her position as board chair of the JPS Health Network after two years of service. After 25+ years of hospital leadership, she will continue to serve as a board member. Current vice chair Roger Fisher will take her place and oversee the hospital for the next two fiscal years. (Fort Worth Report)

Trending

It’s a girl — the Fort Worth Zoo posted a gender reveal video for the baby black-and-white colobus monkey. Corey — named after Texas Rangers MVP Corey Seager — was born in November between games two and three of the World Series.

Edu

Fort Worth ISD’s 2024 graduation ceremonies have been moved from Dickies Arena. Eleven comprehensive high schools will hold graduation at TCU’s Schollmaier Arena, but students from Diamond Hill-Jarvis and Dunbar High Schools will graduate at Wilkerson-Greines Activity Center in south Fort Worth due to class size and facility availability. (Fort Worth Report)

Film

Need something new to watch? The Dallas-Fort Worth Film Critics Association released its rankings of the best films of 2023 with “The Holdovers” claiming the top spot. “Oppenheimer” and “Killers of the Flower Moon” ranked second and third.

Cause

This holiday season, give the gift of relationships. Each month, Academy 4 mentors build life-changing relationships with their mentees resulting in a positive impact on students’ emotional health, school attendance + behavior. Want to support Academy 4 this winter (and beyond)? For just $35 a month, you can change an Academy 4 student’s life.*

Traffic

🚗 Bumper to bumper

Construction kicks off on North Tarrant Express expansion

Remember to check the TEXpress traffic conditions before you set out on your commute. | Photo provided by TEXpress

With holiday travel ramping up, we’re all keeping an eye on the traffic but this road construction project might affect your daily commute in 2024.

Preparations have started for the North Tarrant Express capacity expansion between Fort Worth and Euless, one of the most well-traveled corridors in the region. Funded by toll revenues from the NTE TEXpress lanes, the $414 million project includes:

One free, general-purpose lane in each direction along the North Loop of I-820
One managed toll lane in each direction along Airport Freeway (State Hwy. 183)
Adjusted ramps and connectors
A pedestrian bridge in Hurst

Crews have already started installing construction barriers and stripping lanes. Full construction will be underway by mid-2024 with most of the work taking place at night to minimize driver disruption.

Scheduled to take 42 months, the new lanes are expected to open in early 2027. Stay up to date with lane closures and construction activity on the Texpress Alerts Twitter page.

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The Wrap

Today’s edition by:
Kate

From the editor

Thank you to everyone who took our 2023 news quiz — and to our readers for keeping up with FTWtoday throughout this year. A huge shoutout to reader Gina B. for scoring 100% on the quiz. This was our most difficult one yet with an average score of 63%. Tell us what quizzes you’d like to see in 2024?

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