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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest Dallas is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Southwest Dallas, TX cost?

Median Sold Price

$361,847

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$43,347(+13.6%)

Key Takeaway

Homes in Southwest Dallas have sold for 13.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $194.2K$192.5K
-0.9%
3 $270K$317.5K
+17.6%
4 $321.4K$362.5K
+12.8%
5+ $335.8K$535.1K
+59.3%

How many homes are available in Southwest Dallas, TX?

Number of Homes For Sale

Aug 2022Sep 2022%
2,3952,528+5.6%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 1823
+27.8%
2 213227
+6.6%
3 1,1721,234
+5.3%
4 803837
+4.2%
5+ 189207
+9.5%

Number of Homes Sold

Aug 2022Sep 2022%
652530-18.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Dallas, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
11 Days41 Days+256.5%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southwest Dallas are selling fast, if you're buying plan to act quickly.

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

About Southwest Dallas, TX

Number of homes for sale in Southwest Dallas, TX real estate market have reached 2,528. In September 2022 in Southwest Dallas, TX there were 5.6% more homes for sale than in August 2022. Listings spent 41 days on the market in September 2022, and had a median list price of $361,847 during the same period. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices decreased by 0.9%, the cost of 3 bedrooms properties went up by 17.6%, the cost of 4 bedrooms properties went up by 12.8%, prices of 5 bedrooms properties increased by 59.3%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 27.8%, the quantity of 2 bedrooms homes went up by 6.6%, number of 3 bedrooms homes increased by 5.3%, the quantity of 4 bedrooms homes went up by 4.2%, volume of 5 bedrooms homes went up by 9.5%. In September 2022, from all listings sold in Southwest Dallas, TX there were more than 3 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

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