Berkshire Hathaway HomeServices PenFed Realty Texas' Real Estate Market Report

Dallas, TX

Single-Family Homes

www.WeKnowTX.com



Dallas, TX

Fri Jan 21 2022
This week the median list price for Dallas, TX is $434,950 with the market action index hovering around 62. This is about the same as last month's market action index of 62. Inventory has decreased to 670. 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

Fri Jan 21 2022
This week the median list price for Dallas, TX is $434,950 with the market action index hovering around 62. This is about the same as last month's market action index of 62. Inventory has decreased to 670. 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 $434,950
Median Price of New Listings $389,950
Per Square Foot $235
Average Days on Market 76
Median Days on Market 42
Price Decreased 32%
Price Increased 5%
Relisted 8%
Inventory 670
Median Rent $1,983
Market Action 62
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,525,000 4,218 0.25 - 0.5 acre 4 4.5 26 35 26 70
$550,000 2,132 8,000 - 10,000 sqft 3 2.5 60 40 50 42
$350,500 1,736 6,500 - 8,000 sqft 3 2 62 40 33 35
$236,500 1,320 6,500 - 8,000 sqft 3 2 67 61 47 28