Dallas County is the most populous county in North Texas and includes the majority of the city of Dallas within its boundaries (a small fraction of the northernmost edge of the City of Dallas is located in Collin County).  The population of Dallas County was reported to be 2.462 million in 2020 per a US Census estimate. The population growth rate in Dallas has been positive for many years but is not as high as surrounding suburban counties, mainly since many of them have a much higher supply of undeveloped land where new housing is being built.  Other cities located in Dallas County include the cities of Highland Park, University Park and parts of other cities including Garland, Mesquite, Addison, Grand Prairie, Cedar Hill and others.

Median Sales Price Chart for Homes in Dallas County, Texas

Home prices in the Dallas real estate market rose significantly after the Great Recession ended and have only recently begun to level off somewhat.  The market in Dallas is also quite seasonal, and the variation in prices is quite apparent in the data from the busy season (spring and summer) to the slower season (late fall and winter).

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

Median List Price Chart for Homes in Dallas County, Texas

The median list price also shows the seasonal fluctuation in prices.

Average Days on Market Chart for Homes in Dallas County, Texas

The days on market increased significantly during the Great Recession then rebounded quite a bit.

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

While the average days on market at various price points have moved in-tandem for the most part, but homes in the lower price points sell faster than homes in the higher price points on average.

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

Any market with less than a four month supply is generally considered a seller’s market.  Inventory in Dallas has been in a strong seller’s market for several years, but inventory levels have begun to rise somewhat recently.

Months Supply of Home Inventory by Price Range in Dallas County, Texas

As the bull market in real estate has subsided somewhat over the last couple of years, inventory for all price points has crept higher but still far lower than in years past.  There is still a significantly lower amount of inventory at the lower price points vs. higher ones, often as much as three times the level.

Active Listings For Sale in Dallas County, Texas

The number of active listings on the market in Dallas tends to peak in the spring and summer and taper off during the late fall.  With the sustained population increases that Dallas has experienced, the low inventory of homes has been a challenge for many looking to buy homes.  This trend has begun to change somewhat in recent years.

Active Listings For Sale by Price Point in Dallas County, Texas

As prices have increased, the supply of sub-$250K homes has moved from the largest segment to the second largest in recent years.  There are still many areas of Dallas with homes priced at or below $250K but median prices have risen substantially.

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

Strong real estate markets typically see homes sell closer to their full list price.  When markets soften, that ratio tends to drop.

New Listings of Homes in Dallas County, Texas

The variance in quantity of new listings between seasons is quite stark.  Spring and summer months often have more than twice the number of new listings as fall and winter months.

Pending Sales of Homes in Dallas County, Texas

Pending sales tend to peak in the spring and early summer in Dallas.  They start to drop towards the end of the summer and early fall with December almost always being the slowest month for pending sales.

Closed Sales of Homes in Dallas County, Texas

Closed sales typically lag behind pending sales by a month since the average real estate transaction takes 3-4 weeks to close.  The busiest months for closings tend to be May and June and the slowest months tend to be in winter with January usually the slowest month of the year.

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