Berkshire Hathaway HomeServices PenFed Realty Texas' Real Estate Market Report

Dallas, TX

Single-Family Homes

www.WeKnowTX.com



Dallas, TX

Wed Jan 20 2021
This week the median list price for Dallas, TX is $519,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 1,248. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Dallas, TX

Wed Jan 20 2021
This week the median list price for Dallas, TX is $519,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 1,248. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Dallas market.
Median List Price $519,000
Per Square Foot $228
Days on Market 114
Price Decreased 41%
Price Increased 4%
Relisted 10%
Inventory 1,248
Median Rent $1,995
Most Expensive $24,000,000
Least Expensive $65,000
Market Action 46
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$1,950,000 5,536 0.25 - 0.5 acre 5 5 15 32 32 159
$699,000 2,922 8,000 - 10,000 sqft 4 3 45 47 46 119
$399,000 1,934 8,000 - 10,000 sqft 3 2 59 56 63 98
$225,000 1,383 6,500 - 8,000 sqft 3 2 64 67 56 77