RealTrends Market Report

Dallas, TX

Single-Family Homes

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Dallas, TX

Tue May 28 2024
This week the median list price for Dallas, TX is $549,900 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 2,158. Click here to stay informed with the Dallas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Dallas, TX

Tue May 28 2024
This week the median list price for Dallas, TX is $549,900 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 2,158. Click here to stay informed with the Dallas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Dallas market.
Median List Price $549,900
Median Price of New Listings $586,950
Per Square Foot $273
Average Days on Market 76
Median Days on Market 42
Price Decreased 46%
Price Increased 3%
Relisted 9%
Inventory 2,158
Median Rent
Market Action 41
Slight Seller's Advantage

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,099,000 4,511 0.25 - 0.5 acre 4 4.5 17 65 50 42
$750,000 2,551 8,000 - 10,000 sqft 4 3 45 91 75 35
$399,994 1,800 6,500 - 8,000 sqft 3 2 59 56 56 42
$269,900 1,328 6,500 - 8,000 sqft 3 2 64 80 63 49