Berkshire Hathaway HomeServices PenFed Realty Texas' Real Estate Market Report

Dallas, TX

Single-Family Homes

www.WeKnowTX.com



Dallas, TX

Fri Apr 18 2025
This week the median list price for Dallas, TX is $515,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 2,661. 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

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Dallas, TX

Fri Apr 18 2025
This week the median list price for Dallas, TX is $515,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 2,661. 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

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Dallas market.
Median List Price $515,000
Median Price of New Listings $600,000
Per Square Foot $263
Average Days on Market 97
Median Days on Market 49
Price Decreased 46%
Price Increased 3%
Relisted 11%
Inventory 2,661
Median Rent
Market Action 36
Slight Seller's Advantage

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,995,000 4,469 0.25 - 0.5 acre 4 4.5 15 84 53 42
$719,800 2,389 8,000 - 10,000 sqft 3 2.5 54 97 73 35
$383,500 1,763 6,500 - 8,000 sqft 3 2 59 70 65 56
$250,000 1,300 6,500 - 8,000 sqft 3 2 68 76 85 56