Small Land Sales Increase Significantly in Texas

The number of small land sales in Texas increased significantly in 2020, while price-per-acre hit an all-time high, according to the 2021 edition of the Texas Small Land Sales Report recently released by Texas Realtors. The total number of small land sales across Texas increased 34 percent, with 10,465 tracts sold. The average price per acre grew 3.8 percent year-over-year to $6,471 an acre.

“After spending a year in lockdown and with so many Texans working from home, many buyers are seeking more space and are looking for land away from city life,” said Marvin Jolly, chairman of Texas Realtors. “These buyers are not only farmers and ranchers. Many are moving from out of state and are purchasing land in Texas due to the attractive opportunities and quality of land available.”

The number of small land sales increased in all seven regions across the state. Far West Texas experienced the strongest increase at 53 percent, followed by Austin-Waco-Hill Country with a 33 percent increase from last year.

The report also revealed the average tract size for small land sales in Texas decreased from 32 acres in 2019 to 30 acres in 2020. Most regions across Texas saw a decrease in average tract size except for the West Texas and Gulf Coast-Brazos Bottom regions.