Current Real Estate Market Trends:
Average price per square foot for Fort Worth TX was $53, a decrease of 25.4% compared to the same period last year. The median sales price for homes in Fort Worth TX for Feb 10 to Apr 10 was $90,000 based on 200 home sales. Compared to the same period one year ago, the median home sales price increased 12.2%, or $9,802, and the number of home sales increased 16.3%.
The average listing price for homes for sale in Fort Worth TX was $226,714 for the week ending May 12, which represents an increase of 1.1%, or $2,527, compared to the prior week. Popular neighborhoods in Fort Worth include Fairmount and Arlington Heights, with average listing prices of $201,431 and $231,939.
History of Fort Worth:
The seat of Tarrant County, is situated in the north-central part of Texas on the Trinity River.
The city was founded by Maj. Ripley Arnold in 1849 as a military outpost on the Trinity River to protect settlers moving westward from frequent Indian attacks. It was named after Gen. William J. Worth, the commander of the Texas army. Fort Worth was incorporated in 1873. Its growth was stimulated in the 1870s by its proximity to the Chisholm cattle trail. It prospered as a meat-packing and shipping center when the Texas and Pacific Railway arrived in 1876 and later experienced a new boom when oil was discovered nearby in 1917. The establishment of military installations in the area during both world wars also spurred the economy.
Fort Worth has traditionally been a diverse center of manufacturing and is not dependent on the oil or financial sectors. The city’s industries range from clothing and food products to jet fighters, helicopters, computers, pharmaceuticals, and plastics. Fort Worth is a national leader in aviation products, electronic equipment, and refrigeration equipment. It is home to a multitude of major corporate headquarters, offices, and distribution centers.
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