Irving Housing Market Update – March 2025
The Irving, Texas, real estate market has seen notable shifts as we move into March 2025. While home prices are adjusting, inventory changes and market activity signal key trends for buyers and sellers to monitor.
Current Market Overview
Median Sale Price: $385,000 (down 5.5% month-over-month)
Median Days on Market: 47 days (down 9.6% month-over-month)
Active Listings: 336 (down 2.3% month-over-month)
New Listings: 161 (up 14.2% month-over-month)
Property Values and Sales Trends
Median Estimated Home Value: $357,810 (up 0.5% month-over-month, up 1.7% year-over-year)
Median Listing Home Price: $429,000 (up 10.3% month-over-month)
Median Price per Square Foot: $236 (up 7.3% month-over-month)
Market Insights
The Irving housing market is showing signs of cooling, with the median sale price decreasing by 5.5% month-over-month. Despite this, the median estimated home value increased slightly by 0.5%, suggesting some price stabilization.
Inventory levels have declined, with active listings down 2.3%, while new listings have increased by 14.2%, bringing fresh supply to the market. Meanwhile, homes are selling faster, as the median days on market have decreased by 9.6% to 47 days, reflecting strong buyer activity.
The months of inventory currently stand at 3.91, down 3.93% from the previous month. While Irving remains a seller’s market, declining inventory and quicker sales indicate buyers are acting decisively.
Key Takeaways for Buyers and Sellers
For Sellers: Despite a slight dip in sale prices, demand remains steady. With homes selling faster, competitive pricing can help secure buyers quickly.
For Buyers: Lower inventory means fewer choices, but faster sales suggest strong demand. Buyers should be prepared to act swiftly on well-priced homes.
Irving’s housing market is evolving, and both buyers and sellers should closely monitor trends. Working with a knowledgeable real estate professional can help navigate these market changes effectively.
