Berkshire Hathaway HomeServices PenFed Realty Texas' Real Estate Market Report

Dallas, TX

Single-Family Homes

www.WeKnowTX.com



Dallas, TX

Wed May 22 2024
This week the median list price for Dallas, TX is $549,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 2,107. 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

Wed May 22 2024
This week the median list price for Dallas, TX is $549,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 2,107. 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 $549,000
Median Price of New Listings $499,000
Per Square Foot $272
Average Days on Market 76
Median Days on Market 42
Price Decreased 45%
Price Increased 3%
Relisted 9%
Inventory 2,107
Median Rent
Market Action 42
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
$2,067,500 4,493 0.25 - 0.5 acre 4 4.5 17 56 42 42
$749,990 2,542 8,000 - 10,000 sqft 4 3 46 76 81 35
$400,000 1,796 6,500 - 8,000 sqft 3 2 61 68 48 42
$269,900 1,331 6,500 - 8,000 sqft 3 2 63 81 68 49