Loading...
Condos For Sale In Texas
Whether you're a young professional looking for a hassle-free lifestyle or a downsizing retiree, condos offer a great option for living in Texas real estate. There are countless condos for sale in Texas, from sleek highrises in downtown Houston to cozy communities in the suburbs. With a condo, you can access modern amenities like pools, gyms, and common areas. Plus, you'll have fewer home maintenance tasks, giving you more time to explore everything Texas offers.
Texas Condo Market
The Texas housing market remained strong, with an increase in home sales and a decrease in the median time it took to sell properties, according to a report from the Texas Real Estate Research Center at Texas A&M University.
The typical home value in Texas is $303.9K, below the national average, with homes usually sold in about two weeks. The stable price growth suggests that the market is recovering from the price correction experienced in the previous year.
Most sales in the Texas real estate market are single-family homes, accounting for 65% of the local supply. Condominiums follow the hierarchy of real estate types, with approximately 25% of the total units available for sale in the Lone Star State.
Real estate buyers will encounter more affordability with condos for sale in Texas, listing for a median price of $270.9K, down 3.3% compared to the previous year. The median number of days that Texas condos stay on the market is 37 days, an increase of 13 days from the preceding 12 months.
With a range of options across the state, from bustling urban centers to laid-back coastal communities, there's bound to be a Texas condo that fits all your needs. The most sought-after markets for Texas condos are, as expected, in the urban areas of the metropolises of Houston, Dallas, and Austin.
Condo buyers also flock to areas like Fort Worth, San Antonio, Corpus Christi, and Galveston; this last market is known for its great investment opportunities in oceanfront condos. In terms of the units, Texas has almost anything you may want, from tiny urban studios and sprawling sky-high penthouses for young professionals and urbanites to quaint low-rise units in cozy suburban neighborhoods for families and retirees.
Texas Cities For Condo Buyers
Houston
The beauty of living in a condo in Texas' largest city is that you get the best of both worlds - a cozy private space with all the city amenities you need, plus access to great communal areas with comforts like gyms, pools, and parks. Some Downtown Houston condos for sale come with jaw-dropping city views.
As a bonus, you get to live in the heart of Texas, with plenty of opportunities for outdoor recreation, world-class restaurants, and exciting cultural events. Looking for waterfront condos in Texas? Houston is just 50 miles north of the condos for sale in Galveston.
There are many new construction condos in Houston, TX, making the city's real estate market highly active in this category. Houston has over 20 new highrise condos, placing it the 7th-ranking city in the United States for high rise properties.
The median price for Houston condos for sale is $275K, around $100K lower than single-family homes. Typically, you can find most condos situated to the east of the city center, with fewer units available in the suburbs of Houston.
- Houston Condo Neighborhoods: Tanglewood, Uptown, Hyde Park
- Houston Condo Sampler: Four Leaf Towers, 1600 Post Oak Boulevard, Keystone Lofts, 5150 Hidalgo St, The Royalton, Villa D’Este.
Dallas
Living in a Dallas condo is the perfect way to experience the city's excitement. Nestled in northern Texas, next door to Fort Worth and Arlington, Dallas offers plenty of opportunities for entertainment, dining, and nightlife, which makes it a perfect area for young professionals.
Condos in Dallas also offer a sense of community, security, and low-maintenance living, perfect for those who want to live to the fullest in Texas without worrying about tedious household tasks. A condo in Dallas can also be a great option for a retiree looking for an active lifestyle.
The median price of condos for sale in Dallas, TX, is $359K, less expensive than the median price of $489K for single-family homes in Dallas. Condo buyers will find many glass highrises in downtown and midtown Dallas.
The rest of the units in the city are condos in various layouts, styles, and buildings. Most of these are in neighborhoods north of the city, such as Vickery Meadow, Northeast Dallas, Oak Lawn, and Uptown.
- Dallas Condo Neighborhoods: Vickery Meadow, Northeast Dallas, Oak Lawn, Uptown.
- Dallas Condo Sampler: Museum Tower, The Renaissance, Sable Ridge Condos.
Austin
Urban lifestyle reaches new heights for those who purchase one of the condos for sale in Austin. The 11th largest city in the U.S. and Texas' capital city is consistently on Forbes's list of cities to find employment. It is also one of the best cities for retirement in the South.
As a result, demand for units is sky-high, and the Austin condo inventory remains low, which has led to a median sale price of $475K for units in this Texas city. The typical condo in Austin is a two-bedroom, two-bathroom unit, but the supply is highly diverse.
Austin condos range from modern penthouses in Downtown highrises to more affordable options in suburban areas like Rosedale and Hyde Park. There are also sought-after lofts in or near the campus of the University of Texas with great rental potential. The on-site amenities of many of the local buildings and complexes are also top-class.
If you move to this fast-paced, quirky city, know that Austin has many things to do and discover. Downtown Austin is also a lively and pedestrian-friendly area that provides many options for dining, shopping, watching movies, and enjoying music venues such as the Paramount Theater.
- Austin Condo Neighborhoods: Downtown Austin, South Congress (SoCo), Central East Austin, UT Campus area, Old West Austin.
- Austin Condo Sampler: 360 Condominiums, 5th & West, The Independent, 70 Rainey, The Quincy, Brazos Lofts, Avenue Lofts.
Texas Condo Amenities
If you're on the hunt for condos for sale in Texas, it's worth taking a closer look at what amenities a typical unit in the state offers. Location and square footage are important factors, but the right amenities can take your home-buying experience to the next level. Fortunately, many Texas condos boast impressive amenities that will make everyday life feel like a luxury vacation. Keep reading for a list of comforts and amenities:
- Swimming pools
- Rooftop pools
- Pool decks with grills
- Pool cabanas
- Outdoor patios with fire pits
- 24-hour concierge services
- Dog park
- Dog grooming stations
- Outdoor terraces and gardens
- Owner’s lounges
- Business rooms
- Club rooms
- Social rooms
- Coffee bars
- Wine bars
- Fitness centers
- Media rooms
- Catering kitchen
- Private wine storages
- indoor/outdoor dining/entertainment spaces
- Keyless entry
- Billiard and game room
- Spa rooms
- Libraries
- Theater/conference rooms
- Sports courts (tennis, pickleball)
- Storage cages
- Private storage closets
- Dedicated parking spaces
Frequently Asked Questions About Texas Condos For Sale
What’s the tallest condo building in Texas?
The tallest residential building in Texas is Bank of America Plaza. The 72-story skyscraper is 921 feet tall (280.7m), and it's situated in the Main Street District of Dallas' Downtown. This is not only Dallas' largest building; it's also the third-largest in Texas and the 45th-tallest in the nation.
What’s the best place in Texas to buy a condo?
As the second-largest state in the country, finding the ideal location to buy Texas condos for sale can be challenging, but don’t worry –we’ve got you covered. The cities with the best condos for sale in Texas are Austin, Houston, and Dallas.
All three cities offer a vibrant lifestyle, accessibility to amenities, and increasing property values. So, whether you're a young professional or a retiree planning a move to the Lone Star State, Texas condos for sale can make the perfect starter home, downsize property, or investment opportunity.
What is the average HOA fee for a condo in Texas?
One important factor to consider when buying condos for sale in Texas is the average HOA fee. This fee can vary depending on the location and amenities of the condo complex, but the average HOA fee for a condo in Texas is around $350 per month.
Of course, this can be higher or lower depending on the specific condo you're looking at, so it's important to do your research and factor in all the costs before making a decision.
How long does it take to close on a condo in Texas?
In Texas, it takes an average homebuyer between 30 and 45 days to complete the process of closing on a property –either home or condo. This process includes obtaining the loan, inspection, appraisal, title, insurance, and other necessary steps.
Do condos qualify for Homestead Exemption in Texas?
Your Texas condo does qualify for a Homestead exemption as long as it is your primary residence. Homestead exemptions apply to single-family homes, condos, or manufactured homes on leased or owned land, as long as the owners live in and own the structure.
Texas, a homestead exemption is a tax reduction applied to your main residence and can also reduce your property taxes by excluding a certain amount of your home's value from taxation.
Can a condo owner be forced to sell in Texas?
Yes. If all owners of a condominium building in Texas agree, the building can be sold and terminated according to the Texas Uniform Condominium Act. However, this is only possible if the building's declaration does not state otherwise. This law also permits condo owners' associations to implement a rule that allows a lower voting threshold of 80%.
Every condo owner has a vote during the sales process, and the size of the condo determines the weight of their vote. When the complex is sold, all property owners must relinquish their properties, including those who have objections or do not wish to sell.
Is it better to live in Texas or California?
Although both states have unique charms and attractions, the cost of living can be a significant aspect to consider. Texas has a lower cost of living and no state income tax, making it an attractive option for those looking to save some cash. Plus, you can't beat the Tex-Mex cuisine, the plethora of condos for sale across many desirable cities and neighborhoods, and southern hospitality.
Meanwhile, California boasts stunning natural scenery and a diverse population that embraces creativity and innovation. However, California's cost of living is notoriously high, with high housing prices and a generally higher cost of living across the board. Ultimately, it comes down to personal preference, finances, and what you're looking for.
Living in Texas Condos
Texas Booming Economy
Texas has a gross state product of $2.4 trillion, the second largest in the nation, driven by mining, agriculture, energy, and technology sectors. The state's major exports include petroleum, computer machinery, and civilian aircraft products, including engines and parts.
Even though the state has an unemployment rate of 4.1%, slightly over the national average, the growing Texan economy has abundant job opportunities across the state's main cities, and this availability will continue increasing in the years ahead.
Things To Do in Texas
There's no shortage of things to do in Texas, whether you want to become a local by purchasing one of the condos for sale in Texas or just visiting the state. Keep reading for a brief list of some of the top activities and places to visit, but be aware there is much more to discover here.
- Get your adrenaline flowing at Six Flags Over Texas, in Arlington, with 15 roller coasters, including El Diablo, the largest loop coaster in the world.
- Catch a boat tour through the waterways of the San Antonio Riverwalk, or discover the surrounding streets filled with charm, unique shops, and delicious Tex-Mex restaurants.
- The Dallas Arboretum and Botanical Garden is a breathtaking garden that boasts over 66 acres of lush plant life and stunning blooms, making it a true oasis in the heart of the city. Come for a family picnic or partake in one of the seasonal activities and events.
- Head to the Mammoth National Monument in Waco, a museum that houses the largest Columbian mammoth collection that remains in a single paleontological site.
- Hamilton Pool is a natural swimming hole nestled in a lush oasis just over 20 miles west of Austin, and it has some serious wow factor. The 50-foot waterfall cascading over limestone cliffs into the jade green pool below makes for an Instagram-worthy shot.
- Lover of the great outdoors? You won't want to miss Big Bend National Park. Located in the remote western region of Texas, this park spans over 800K acres and offers adventure opportunities ranging from hiking the rugged trails to soaking in the natural hot springs.
- Among all the fun activities in the resort city of Galveston, consider giving priority to visiting its historic pier. The Galveston Historic Pier offers over 16 rides, a huge Ferris wheel, carnival rides, yummy food, and more.
- Space Center Houston Museum is located within the NASA Johnson Space Center, which serves as a facility for training astronauts and coordinating space missions. The museum has 23K square meters of exhibits, such as spacecraft, capsules, moonwalk suits, and more.
The Cowboy Lifestyle in Texas
Texas is known for its cowboy culture, and it's not hard to see why. The cowboy lifestyle has been a part of Texas history for centuries, with its roots dating back to when cattle drives were common in the state. Though the cattle drives have long since ended, the cowboy way of life endures in modern Texas.
Whether it's attending rodeos, horseback riding, or just donning a hat and boots, it's easy to find a way to embrace the cowboy lifestyle in Texas. There's a sense of freedom and adventure that comes with this way of life, which many Texans take pride in.
From the food to the music to the fashion, the cowboy lifestyle in Texas is an unforgettable experience and something you'll soon be tempted to embrace.