Texarkana vs. Texas: How Our Local Housing Market Stacked Up in 2024

The 2024 Texas Real Estate Year in Review report released by Texas REALTORS® last month reveals that while the Texas housing market remained steady statewide, Texarkana emerged as a standout with stronger price appreciation and increased housing inventory, signaling a healthy shift toward market balance.
Statewide, Texas saw small but stable growth with home sales increasing by 0.7% and median prices rising by 1.2%, bringing the statewide median home price to $339,000. The number of active listings and days on market rose significantly, providing more choices for buyers across many regions.
In contrast, Texarkana experienced a 5.7% decrease in home sales, reflecting a measured cooldown in buyer activity following years of rapid market acceleration. However, the local market also saw a 7% increase in median home price, bringing the median in Texarkana to $200,000—well above the statewide appreciation rate. The price per square foot in Texarkana rose by 3.5%, compared to a 0.7% increase across Texas.
Texarkana also saw a notable 32.2% increase in active listings, slightly higher than the 30.5% increase seen statewide. The average days on market locally extended from 58 to 72, while months of inventory—a key measure of supply—rose from 2.9 to 5.1 months, indicating a shift toward a more balanced housing environment.
“We’re seeing a healthier, more sustainable market emerge here in Texarkana,” said Lauren Callaway, Team Leader of PH Realty Team. “The increase in inventory gives buyers more options and flexibility, while sellers are still benefiting from solid price growth. It’s a great moment for both sides of the market, as long as you’re working with professionals who know how to strategize in this evolving landscape.”
This market transition offers new opportunities for both buyers and sellers. Buyers benefit from reduced competition and increased selection, while sellers can still capitalize on rising home values—particularly with strategic pricing and expert representation.
About the Texas Real Estate Year in Review Report
Data for the Texas Real Estate Year in Review Report is provided by the Data Relevance Project, a partnership among local Realtor associations and their MLSs, and Texas REALTORS®, with analysis by the Texas Real Estate Research Center. Mortgage interest rate data comes from Freddie Mac. The report provides annual real estate sales data from a statewide perspective and for 26 metropolitan statistical areas in Texas.
About Texas REALTORS®
With more than 140,000 members, Texas REALTORS® is a professional membership organization that represents all aspects of real estate in Texas. We are the advocate for REALTORS® and private property rights in Texas.
About PH Realty Team
PH Realty Team, a division of PH Companies, is a full-service real estate group serving the greater Texarkana area. Known for its local expertise, data-driven approach, and personalized client care, the team supports buyers, sellers, and investors with market insights, strategic planning, and superior service at every step of the real estate journey.







