Irving TX Housing Market Update – March 2025
Irving’s real estate market is holding steady—supported by buyer activity, but showing early signs of recalibration. While sale prices and price per square foot remain strong, valuations are slipping, and inventory continues to rise. For both buyers and sellers, this is a market that rewards accuracy over assumptions.
Let’s break down what the numbers say this March.
Market Supply: Inventory Trending Toward Balance
Months of Inventory: 4.15
Month-over-Month Change: +3.2%
12-Month Change: +54.3%
Inventory climbed again this month, rising 3.2% from February and over 54% year-over-year. That pushes Irving toward a more balanced market, where neither side holds overwhelming leverage.
Sellers can still win—but only if listings are priced right and well-prepared. Buyers now have more room to shop, compare, and negotiate.
Sales Pace: Homes Selling Faster
Median Days on Market: 40
Month-over-Month Change: -14.9%
Despite rising inventory, homes in Irving are selling faster. Median Days on Market dropped nearly 15% in March—a signal that motivated buyers are acting quickly when they see the right property.
For sellers, this is a strong window to list—especially while buyer urgency holds. For buyers, it’s a reminder that updated and fairly priced homes will still move quickly.
Pricing Trends: Sales Climb, Appraisals Slide
Median Sold Price: $395,000
Month-over-Month Change: +2.6%
Median Estimated Property Value: $351,110
Month-over-Month Change: -1.9%
12-Month Change: -0.4%
While sale prices rose in March, estimated property values continued to fall—down 1.9% from February. That gap of nearly $44,000 between sold price and estimated value is something to watch closely.
Sellers relying on financed buyers should be ready for appraisal challenges, especially if offers exceed recent comps. Buyers may gain leverage on renegotiation when that appraisal gap becomes visible.
Price Per Square Foot: Active Pricing Pushes Higher
Sold Listings: $217/sqft (+3.3% MoM)
Active Listings: $229/sqft (+4.1% MoM)
Pending Listings: $219/sqft (-0.9% MoM)
Active listing prices per square foot are on the rise, but pending $/sqft declined—showing buyer resistance to aggressive pricing. The $12 spread between listed and sold price per square foot indicates that buyers are negotiating, particularly when homes are not updated or competitively priced.
If you’re selling, overpricing without justification could result in longer market times or post-inspection price reductions.
Strategic Insights
For Sellers
This is still a healthy market for you—but precision is everything. Inventory is rising, appraisal values are softening, and buyers are scrutinizing price per square foot more than before. The faster pace of sales is encouraging, but only if your listing is aligned with recent comps.
For Buyers
You're gaining ground. With more inventory, falling valuations, and softening in pending price-per-foot, you now have more room to negotiate. Focus on homes that have been listed more than 21 days or where appraisal risk could open the door for concessions.
For Investors
The spread between rising sold prices and falling valuations opens up equity potential—particularly for homes priced below $215/sqft. Cosmetic updates can push resale value above the $230–240/sqft range, especially in central Irving neighborhoods or near major transit corridors.
Final Thoughts
Irving’s market is steady—but shifting. Fast-moving homes and rising sale prices show strength, but valuation dips and buyer resistance signal a maturing market. Both sellers and buyers have opportunity—if they’re willing to move with the market, not against it.
Let’s put your strategy in motion, backed by the real numbers.
Gustavo Ramos
Realtor – Keller Williams Dallas Metro North
📞 (817) 876-3390
📧 gustavoramos@kw.com
🌐 gustavoramos.kw.com
