Is Dallas County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in Dallas County, TX
How much do homes in Dallas County, TX cost?
Median Sold Price
$331,725
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Dallas County have sold for 24.7% more than they did a year ago.
Summary: The median home sold price in Dallas County was $331,725 in June 2024, up 24.7% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $80K | -44.8% |
| 2 Bedrooms | $210K | $247.5K | +17.9% |
| 3 Bedrooms | $265.5K | $293K | +10.4% |
| 4 Bedrooms | $313.7K | $329.9K | +5.2% |
| 5+ Bedrooms | $352.4K | $424.9K | +20.6% |
Summary: Dallas County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.8%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 20.6%.
Median Sold Price Compared To Nearby Counties
| Dallas County | $266K | $331.7K | +24.7% |
| Tarrant County | $349K | $300.9K | -13.8% |
Housing Supply in Dallas County, TX
How many homes are available in Dallas County, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 8,736 | 9,209 | +5.4% |
Summary: The Dallas County real estate market had 9,209 homes for sale in June 2024, a 5.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 320 | 345 | +7.8% |
| 2 Bedrooms | 1,216 | 1,265 | +4.0% |
| 3 Bedrooms | 3,579 | 3,731 | +4.2% |
| 4 Bedrooms | 2,712 | 2,879 | +6.2% |
| 5+ Bedrooms | 909 | 989 | +8.8% |
Summary: The Dallas County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2,134 | 1,566 | -26.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dallas County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 1,566 homes were sold or pending in Dallas County in June 2024, down by 26.6% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 28 Days | 37 Days | +31.9% |
Summary: Homes in Dallas County had an average of 37 days on market in Jun 2024, up by 31.9% compared to last year.
Breakdown of Home Sale Times
945 Homes Were Sold
Under 30 Days
469 Homes Were Sold
In 30 - 90 Days
152 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dallas County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 1566 homes were sold in Dallas County; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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