Is Dallas, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dallas is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Dallas was a Buyer's Market.

Key Takeaway

Dallas is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Dallas, OR

How much do homes in Dallas, OR cost?

Median Sold Price

$427,995

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$6,495(-1.5%)

Key Takeaway

Homes in Dallas have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Dallas was $427,995 in March 2024, down 1.5% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$280K
N/A
2 $337.5K$362.9K
+7.6%
3 $427.9K$422.9K
-1.2%
4 $495K$460.3K
-7.0%
5+ $591K$601K
+1.7%

Summary: Dallas housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 1.7%.

Housing Supply in Dallas, OR

How many homes are available in Dallas, OR?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
100101+1.0%

Summary: The Dallas real estate market had 101 homes for sale in March 2024, a 1.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1517
+13.3%
3 6360
-4.8%
4 1719
+11.8%
5+ 55
0.0%

Summary: The Dallas housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1116+45.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dallas, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.

Summary: A total of 16 homes were sold or pending in Dallas in March 2024, up by 45.5% month-over-month. Of the 16 sold homes, 38% were sold under asking, 44% were sold at asking, and 19% were sold over asking.

Days on Market for Dallas, OR

How long does it take to sell a home in Dallas, OR?

Average Sale Time

Mar 2023Mar 2024CHANGE
69 Days153 Days+121.2%

Summary: Homes in Dallas had an average of 153 days on market in Mar 2024, up by 121.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Dallas are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 16 homes were sold in Dallas; 25% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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