Is Dallas, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Dallas has remained a Seller's Market.
Key Takeaway
Dallas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dallas, TX
How much do homes in Dallas, TX cost?
Median Sold Price
$249,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dallas have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Dallas was $249,000 in April 2024, up 9.5% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $80K | -44.8% |
| 2 Bedrooms | $267.5K | $95K | -64.5% |
| 3 Bedrooms | $172K | $372K | +116.3% |
| 4 Bedrooms | $370K | $239K | -35.4% |
| 5+ Bedrooms | $913.7K | $1.3M | +46.1% |
Summary: Dallas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.8%, 2 bedroom homes decreased by 64.5%, 3 bedroom homes increased by 116.3%, 4 bedroom homes decreased by 35.4%, and 5+ bedroom homes increased by 46.1%.
Median Sold Price Compared To Nearby Cities
| Dallas | $227.5K | $249K | +9.5% |
| Northeast Dallas | $340K | $309.2K | -9.0% |
Housing Supply in Dallas, TX
How many homes are available in Dallas, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4,302 | 4,980 | +15.8% |
Summary: The Dallas real estate market had 4,980 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 269 | 308 | +14.5% |
| 2 Bedrooms | 824 | 968 | +17.5% |
| 3 Bedrooms | 1,683 | 1,921 | +14.1% |
| 4 Bedrooms | 1,106 | 1,294 | +17.0% |
| 5+ Bedrooms | 420 | 489 | +16.4% |
Summary: The Dallas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.5%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 16.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 884 | 945 | +6.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dallas, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 945 homes were sold or pending in Dallas in April 2024, up by 6.9% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 37 Days | +8.0% |
Summary: Homes in Dallas had an average of 37 days on market in Apr 2024, up by 8% compared to last year.
Breakdown of Home Sale Times
609 Homes Were Sold
Under 30 Days
219 Homes Were Sold
In 30 - 90 Days
117 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dallas are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 945 homes were sold in Dallas; 64% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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