Is Dallas County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dallas County is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, Dallas County has remained a Seller's Market.

Key Takeaway

Dallas County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Dallas County, TX cost?

Median Sold Price

$325,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

-$225(-0.1%)

Key Takeaway

The sold price of homes in Dallas County has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 -$237.5K
N/A
2 $204.6K$325K
+58.8%
3 $281K$309.9K
+10.3%
4 $327K$335.5K
+2.6%
5+ $516.1K$535.1K
+3.7%

Median Sold Price Compared To Nearby Counties

Dallas County
-0.1%
Tarrant County
-1.0%

How many homes are available in Dallas County, TX?

Number of Homes For Sale

Nov 2022Dec 2022%
6,3366,210-2.0%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 219216
-1.4%
2 802784
-2.2%
3 2,8402,810
-1.1%
4 1,8711,824
-2.5%
5+ 604576
-4.6%

Number of Homes Sold

Nov 2022Dec 2022%
1,4661,333-9.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dallas County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
37 Days29 Days-21.9%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Dallas County has remained consistent over time.

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

About Dallas County, TX

Number of homes for sale in Dallas County, TX real estate market have reached 6,210. The inventory of homes for sale in Dallas County, TX between November 2022 and December 2022 decreased by 2%. In December 2022 median list price was $325,000 and the average listing age was 29 days. This housing market listing prices have changed between November 2022 and December 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 58.8%, 3 bedrooms properties prices increased by 10.3%, prices of 4 bedrooms properties went up by 2.6%, prices of 5 bedrooms properties went up by 3.7%. Volume of homes for sale changed: the quantity of 1 bedroom homes went down by 1.4%, volume of 2 bedrooms homes went down by 2.2%, 3 bedrooms homes inventory decreased by 1.1%, 4 bedrooms homes inventory decreased by 2.5%, the quantity of 5 bedrooms homes went down by 4.6%. Over 1 listings were sold over their listed price in December 2022 in Dallas County, TX. In the same period over 5 listings were sold below the listed price and 1 listings were sold for the listed price.

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