Small Tracts of Land in Texas Reach Record Prices


Although demand across the state for small tracts of land declined 7.8 percent, demand was high enough to push the Texas median price per acre to a record high of $7,530 – an increase of 16.4% year over year, according to the 2022 edition of Texas REALTORS®’ Texas Small Land Sales Report.

“Although the median price per acre increased in most of the state, small land sales are still a popular option for buyers looking to own or invest in Texas real estate,” said Russell Berry, chairman of Texas REALTORS®. “These properties are desirable for buyers seeking more space and for developers looking for prime investment opportunities.”

Sales increased in the Panhandle and South Plains, Far West Texas, and West Texas, while six of seven regions had an increase in median price per acre. The Panhandle and South Plains region was the only area that experienced a decrease. The Austin-Waco-Hill Country region made up the largest percentage of the statewide sales, at 36 percent of the total.

“Small land sales” are the bottom fifth in terms of size of all total land sales. This usually means sales of 200 or less acres, aside from West Texas. The median size among small land sales was 32 acres, an increase of 6.7 acres from the previous year.

“Patience is key for people looking to buy land in many parts of Texas,” said Berry. “With high demand and not as many properties for sale, it can be difficult to find what you’re looking for. You will want to make sure to work with a Texas Realtor® who has the expertise to help you navigate the farm, ranch and land market.”