Berkshire Hathaway HomeServices PenFed Realty Texas' Real Estate Market Report

Dallas, TX

Single-Family Homes

www.WeKnowTX.com



Dallas, TX

Tue Jun 06 2023
This week the median list price for Dallas, TX is $550,000 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has increased to 1,215. 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.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Dallas, TX

Tue Jun 06 2023
This week the median list price for Dallas, TX is $550,000 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has increased to 1,215. 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.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Dallas market.
Median List Price $550,000
Median Price of New Listings $435,000
Per Square Foot $271
Average Days on Market 77
Median Days on Market 35
Price Decreased 42%
Price Increased 3%
Relisted 9%
Inventory 1,215
Median Rent
Market Action 53
Strong Seller's Market

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
$1,749,000 4,407 0.25 - 0.5 acre 4 4.5 22 31 39 42
$725,000 2,531 8,000 - 10,000 sqft 4 2.5 51 55 44 35
$420,000 1,790 6,500 - 8,000 sqft 3 2 62 55 39 35
$255,450 1,305 6,500 - 8,000 sqft 3 2 68 78 71 42