$2,969 Closing Credit*
$249,999
1,278 SqFt
3 Beds
•2 Full Baths
Chris Guerrero, Listing Office: TDRealty
Is Southwest Dallas, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Southwest Dallas has remained a Seller's Market.
Key Takeaway
Southwest Dallas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest Dallas, TX
How much do homes in Southwest Dallas, TX cost?
Median Sold Price
$335,250
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$77,750(+30.2%)
Key Takeaway
Homes in Southwest Dallas have sold for 30.2% more than they did a year ago.
Summary: The median home sold price in Southwest Dallas was $335,250 in August 2024, up 30.2% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $157.5K | $277.5K | +76.2% |
| 3 Bedrooms | $210K | $270K | +28.6% |
| 4 Bedrooms | $348K | $321.2K | -7.7% |
| 5+ Bedrooms | $354K | $424.9K | +20.0% |
Summary: Southwest Dallas housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 76.2%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 20%.
Housing Supply in Southwest Dallas, TX
How many homes are available in Southwest Dallas, TX?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2,601 | 2,822 | +8.5% |
Summary: The Southwest Dallas real estate market had 2,822 homes for sale in August 2024, a 8.5% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 34 | +6.3% |
| 2 Bedrooms | 227 | 243 | +7.0% |
| 3 Bedrooms | 1,202 | 1,287 | +7.1% |
| 4 Bedrooms | 894 | 991 | +10.9% |
| 5+ Bedrooms | 246 | 267 | +8.5% |
Summary: The Southwest Dallas housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 8.5%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 532 | 484 | -9.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Dallas, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 484 homes were sold or pending in Southwest Dallas in August 2024, down by 9.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Southwest Dallas, TX
How long does it take to sell a home in Southwest Dallas, TX?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 25 Days | 37 Days | +45.3% |
Summary: Homes in Southwest Dallas had an average of 37 days on market in Aug 2024, up by 45.3% compared to last year.
Breakdown of Home Sale Times
277 Homes Were Sold
Under 30 Days
158 Homes Were Sold
In 30 - 90 Days
49 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Dallas are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 484 homes were sold in Southwest Dallas; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved. 
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”. 
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.