Is Dallas, 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 has remained a Seller's Market.
Housing Prices in Dallas, TX
How much do homes in Dallas, TX cost?
Median Sold Price
$248,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Dallas was $248,000 in March 2024, up 4.4% from last year, and the median price per square foot was $145.
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 | $282.5K | $372K | +31.7% |
4 Bedrooms | $370K | $239K | -35.4% |
5+ Bedrooms | $913.7K | $1.3M | +46.1% |
Summary: Dallas 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 increased by 31.7%, 4 bedroom homes decreased by 35.4%, and 5+ bedroom homes increased by 46.1%.
Median Sold Price Compared To Nearby Cities
Dallas | $237.5K | $248K | +4.4% |
Northeast Dallas | $325K | $320K | -1.5% |
Housing Supply in Dallas, TX
How many homes are available in Dallas, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,830 | 4,475 | +16.8% |
Summary: The Dallas real estate market had 4,475 homes for sale in March 2024, a 16.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 239 | 278 | +16.3% |
2 Bedrooms | 750 | 859 | +14.5% |
3 Bedrooms | 1,531 | 1,746 | +14.0% |
4 Bedrooms | 931 | 1,126 | +20.9% |
5+ Bedrooms | 379 | 466 | +23.0% |
Summary: The Dallas housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 23%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
777 | 797 | +2.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 797 homes were sold or pending in Dallas in March 2024, up by 2.6% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Dallas, TX
How long does it take to sell a home in Dallas, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 39 Days | -1.8% |
Summary: Homes in Dallas had an average of 39 days on market in Mar 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
500 Homes Were Sold
Under 30 Days
182 Homes Were Sold
In 30 - 90 Days
115 Homes Were Sold
Over 90 Days
Summary: During March 2024, 797 homes were sold in Dallas; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.