Is Dallas County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Dallas County has remained a Seller's Market.
Housing Prices in Dallas County, TX
How much do homes in Dallas County, TX cost?
Median Sold Price
$331,725
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Dallas County was $331,725 in March 2024, up 1.4% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191.2K | $80K | -58.2% |
2 Bedrooms | $267.5K | $247.5K | -7.5% |
3 Bedrooms | $323.5K | $280K | -13.4% |
4 Bedrooms | $335.7K | $331.7K | -1.2% |
5+ Bedrooms | $505.5K | $418.7K | -17.2% |
Summary: Dallas County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.2%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 17.2%.
Median Sold Price Compared To Nearby Counties
Dallas County | $327K | $331.7K | +1.4% |
Tarrant County | $328K | $298K | -9.1% |
Housing Supply in Dallas County, TX
How many homes are available in Dallas County, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6,937 | 7,893 | +13.8% |
Summary: The Dallas County real estate market had 7,893 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 251 | 291 | +15.9% |
2 Bedrooms | 954 | 1,098 | +15.1% |
3 Bedrooms | 2,994 | 3,319 | +10.9% |
4 Bedrooms | 2,025 | 2,352 | +16.1% |
5+ Bedrooms | 713 | 833 | +16.8% |
Summary: The Dallas County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 16.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,488 | 1,556 | +4.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1,556 homes were sold or pending in Dallas County in March 2024, up by 4.6% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Dallas County, TX
How long does it take to sell a home in Dallas County, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 41 Days | +2.0% |
Summary: Homes in Dallas County had an average of 41 days on market in Mar 2024, up by 2% compared to last year.
Breakdown of Home Sale Times
946 Homes Were Sold
Under 30 Days
368 Homes Were Sold
In 30 - 90 Days
242 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1556 homes were sold in Dallas County; 61% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.