The city of Dallas, TX is the county seat of Dallas County.  The city is roughly 385 square miles in area, mostly located in Dallas county, although small parts of the city are located in Collin, Denton, Rockwall and Kaufman counties.  The population of Dallas is approximately 1.35 million per a 2018 US Census estimate, making it the ninth largest city in the United States and the third largest in Texas.

Home prices in Dallas, TX have experienced large gains over the last few years and are expected to keep rising as population growth in the Metroplex continues and the supply of homes remains low relative to demand.  The supply of homes has remained well below the level at which economists consider “normal” over the last several years but have started to rise back to higher levels recernty.

Disclaimer: All data in these charts are provided by NTREIS and powered by 10K Research.  Hover your mouse over the charts to see figures for each month.

Median Sales Price Chart for Homes in Dallas, Texas

The median sales price of homes rose substantially beginning in the years following the Great Recession.

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

The median price per square foot also rose substantially, but at a slightly lower pace than the median price.  This is likely due to the swath of new construction on lots where the previous home was torn down.  The original homes were almost always substantially smaller which resulted in the sales price per square foot showing higher on the original sale due to the value of the land being a higher percentage of the overall sales price.

Median List Price Chart for Homes in Dallas, Texas

Average Days on Market Chart for Homes in Dallas, Texas

The average days on market tends to be lowest in the busiest months for real estate sales – spring and summer.  The late fall and winter months typically see a higher average days on market mainly due to the lower supply of buyers and the higher proportion of listings on the market that originally overpriced their homes and, thus, ended up taking longer to sell.

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

The moving average of days on market shows the lower price points sell faster than average compared to the higher price points, and this divergence has widened as prices have risen and fewer homes have been available at lower price points.

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

The overall supply of homes was quite lower than the benchmark of four months for a seller’s market during the real estate bull market but the trend has begun to increase lately.

Months Supply by Price Range of Home Inventory Dallas, Texas

The months’ supply of home inventory is normally lowest for the lower price points and has diverged as prices have risen just like the other metrics.

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

The average percentage of list price received tends to be highest in the busiest selling months of the year in Dallas.

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

Active Listings For Sale of Homes in Dallas, Texas

The number of new listings generally peaks in the spring and summer and is often more than double the rate of new listings in the late fall and winter months.

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

The divergence in new listings by price point has increased as prices have risen over the years.

New Listings of Homes in Dallas, Texas

New listings tend to hit the market in the peak months of the year at more than double the rate of slower months.

New Listings by Price Range of Homes in Dallas, Texas

The rate of new listings at lower price points has decreased over time as the price trend has risen, and the rate of new listings tends to increase substantially during the busiest months of the year regardless of price point.

Pending Sales of Homes in Dallas, Texas

Pending sales tend to peak in March through May and decline going into the fall and winter months in Dallas.

Closed Sales of Homes in Dallas, Texas

Closed sales lag behind pending sales and tend to peak in late spring and early to mid-summer in Dallas. The slowest month is almost always January.

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

Newest Real Estate For Sale in Dallas, Texas