Current Real Estate Market Trends:
Average price per square foot for Arlington TX was $55, an increase of 1.9% compared to the same period last year. The median sales price for homes in Arlington TX for Feb 10 to Apr 10 was $92,122 based on 66 home sales. Compared to the same period one year ago, the median home sales price decreased 5.1%, or $4,912, and the number of home sales increased 0%.
The average listing price for homes for sale in Arlington TX was $193,874 for the week ending May 12, which represents an increase of 0.5%, or $1,059, compared to the prior week. Popular neighborhoods in Arlington include Southeast and Southwest, with average listing prices of $135,933 and $207,532.
History of Arlington:
Largest of the “Mid-Cities” between Dallas and Fort Worth; inc. 1896. Arlington had a population increase of over 64% between 1980 and 1990 and remains one of the fastest-growing U.S. cities. It produces motor vehicles and parts; transportation, medical, electronic, and oil-field equipment; and rubber and plastic products. Six Flags Over Texas, a huge theme park, is there, and the city is home to the Texas Rangers baseball team. It is also the seat of the Univ. of Texas at Arlington.
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