Carrollton, Texas is a suburb of Dallas and is located in Dallas, Collin, and Denton counties.  The city of Carrollton is approximately 37 square miles in area and has a population of close to 137,000 per a recent US Census estimate.  Carrollton is a popular suburb because it’s centrally located to the north of Dallas, it’s closer to Dallas than many of the northern suburbs and homes are, in general, more affordable than some of the neighboring suburbs like Plano.

NOTE: Slide chart to see data for all years.

Median Sales Price Chart for Homes in Carrollton, Texas

Home prices in Carrollton began rising significantly after the Great Recession ended and median prices have since more than doubled.  Carrollton is still one of the more affordable suburbs in the D/FW area.

Median Sales Price Per Square Foot Chart for Homes in Carrollton, Texas

The median price per square foot has also risen significantly in Carrollton in recent years, although at a slightly slower pace than the median sales price.

Median List Price Chart for Homes in Carrollton, Texas

Average Days on Market Chart for Homes in Carrollton, Texas

The average time it takes to sell a home tends to be very seasonal, with shorter times in the spring and summer and longer times in the late fall and winter.  Quite a few homes in Carrollton, especially at the lower price points, may sell in the first few days on market and receive multiple offers.

Average Days on Market Chart by Price Range for Homes in Carrollton, Texas

The 12 month days on market trend shows homes in the sub-$200K and $200K-$300K price points sell the fastest on average, and these price tiers are often closely aligned. Homes in the $300K+ range take a bit longer to sell on average, and homes in the $400K+ market can take 2-3 times as long to sell on average.

Months Supply of Home Inventory Chart for Homes in Carrollton, Texas

The supply of homes in Carrollton has been in a pretty strong seller’s market (under four months of inventory) for most of the months since the recovery several years ago.

Months Supply by Price Range of Home Inventory Carrollton, Texas

Breaking those numbers down by price point shows the supply dynamics are different for each price point, with some of the lower price points being in a very strong buyers market for many years.  When the supply of homes at any price point is at or near one month or less, it’s very common to see bidding wars for homes, and they may ultimately sell for higher than list price if there’s enough interest.

Average Percentage of List Price Received for Homes in Carrollton, Texas

Although the average has declined some in recent years, the bull market of 2015-2018 had months where the average home in Carrollton sold for over 100% of original asking price, which is a phenomenal sign of a strong seller’s market.  For buyers, however, this often meant bidding wars were almost unavoidable on the best homes.  The market has since settled down somewhat, but well-designed and finished homes can still get multiple offers if they are priced right and attract a lot of attention from motivated buyers.

Average Percentage of List Price Received by Price Range for Homes in Carrollton, Texas

The 12 month trend of list price to sales price ratio shows the lower price point homes peaked a few years ago and then declined somewhat. Surprisingly, homes priced in the mid-tier ranges have held out a bit better on average due to increased demand at these price ranges.

Active Listings For Sale of Homes in Carrollton, Texas

The inventory of listings in Carrollton is normally the highest during the peak months, which are late spring and summer.  The inventory tends to drop into the late fall and more significantly in the winter months.

Active Listings by Price Range for Sale of Homes in Carrollton, Texas

As prices rose dramatically over the last several years, the inventory of homes priced under $200K went from the largest percentage of home inventory to the smallest by a very wide margin. Inventory is evenly split more or less between the other higher price points. Over the last couple of years, the largest percentage of active listings has been homes priced over $400K during many months.

New Listings of Homes in Carrollton, Texas

New listings tend to peak between May and June (sometimes July) in Carrollton and then decline for the rest of the year with December almost always being the slowest month for new listings.

New Listings by Price Range of Homes in Carrollton, Texas

The 12 month trend of new real estate listings shows inventory declining at the lower price points as prices have risen, with those being replaced mostly by growth in the mid-tier price points between $200K and $400K.  If prices rise much more in the coming years, there may come a time where there will effectively be no more homes priced under $200K for sale in Carrollton.

Pending Sales of Homes in Carrollton, Texas

Pending sales of real estate also tend to peak in the late spring and summer with June and July usually being the busiest months for homes to go under contract in Carrollton.

Closed Sales of Homes in Carrollton, Texas

Since pending sales normally trail closed sales by about a month, the peak times of the year for real estate closings are usually late summer, although sometimes September is the busiest month.

All data is provided by NTREIS and deemed reliable but not 100% accurate.  Charts are powered by 10K Research.