What’s happening in the Wichita Falls housing market right now?

The Wichita Falls housing market in August 2025 is showing steady growth in home prices, a rise in closed sales, and more inventory hitting the market, with a significant number of price reductions, all of which are shaping opportunities for both buyers and sellers.

Median Home Price Edges Higher

In August 2025, the median home price in Wichita Falls rose to $197,700, up 4.9% year-over-year. For perspective, the median price per square foot increased 1.6% to $127.44. With the median home size at 1,600 square feet, buyers are finding value in this market while sellers continue to benefit. This has been bouncing around the $200,000 level for several months now depending on which homes sell that month. Last month, the median price was slightly above $200,000.

More Homes Are Selling

Closed sales saw a notable uptick this summer which is a good thing. 184 homes closed in August 2025 — a 22.7% increase compared to last year. This jump suggests stronger buyer activity despite slightly longer timelines to close. However, sellers should not be complacent, there is still increased competition.

Inventory on the Rise

Active listings also increased, with 696 homes on the market in August, up 12.3% year-over-year. Most activity remains under $300K: $100K–$199K (34.1%), $200K–$299K (28.4%), and under $100K (16.5%).

Months of Inventory: Balancing Out

The market currently sits at 4.8 months of inventory, up slightly from last year. This suggests Wichita Falls is moving toward a more balanced market — neither strongly favoring sellers nor buyers.

Market Timing: A Bit Slower, But Still Moving

Homes are taking a little longer to sell compared to last year: 63 days on market (16 days longer), 31 days to close, and 94 total days from listing to closing.

What This Means for You

For sellers: Prices are up very slightly, sales are happening, and buyers are actively searching. For buyers: More choices are available, but demand remains strong, so being prepared is key.

Final Takeaway

The Wichita Falls housing market in August 2025 is showing healthy growth and increased activity. Whether you’re buying or selling, this is a market where preparation and guidance from a local expert make all the difference.

Ready to Take the Next Step?

I’m Tim Lockhart, Real Estate Agent with Keller Williams Realty, proud member of the GO Network serving Wichita Falls. If you’re curious about what these numbers mean for your next move, let’s talk. 👉 Schedule a call today to start planning your next move in the Wichita Falls housing market.