East Dallas, TX is generally considered to be the area of Dallas located north of I-30, west of the city of Mesquite, south of Northwest Highway and White Rock Creek, and east of 75/Central Expressway.  East Dallas is also a coveted place to call home due to its proximity to White Rock Lake and the various walking/biking trails that lead into and are located throughout the area.

The real estate market in East Dallas is quite dynamic, and due to its wide spectrum of home styles, lot sizes and age of homes, it can be challenging to value certain markets and homes.  East Dallas, along with the Oak Cliff area, is known for having more historic homes than any other area of Dallas, and some of the oldest and most architecturally significant homes lie in Conservation and Historic Districts, which are extra layers of zoning regulations meant to preserve the character of the architecture.

NOTE: On mobile, slide charts to left to see data for all years.

Median Sales Price Chart for Homes in East Dallas, Texas – Monthly

Home prices have made solid gains for the last 10 years, especially in 2021 and 2022.  The market also tends to be very seasonal, with increases normally occurring in the spring and summer months with drops in the fall and winter months. This is mostly a reflection of the transition from strategic to non-strategic sellers during these different times of the year.

Median Sales Price Chart for Homes in East Dallas, Texas – Trend (12 Month Moving Average)

After seeing a small decline after 2008, a long upward trend began around 2012 that only stalled temporarily in 2019, then began an even higher upward trend after rates dropped significantly during Covid.  The median sales price hit $500K for the first time in November 2022. Future prices will likely be mostly impacted by where mortgage rates settle in 2023 and beyond.

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

The median sales price per square foot has also made similar gains as the median sales price, although not quite as steep.  This is likely due to more inventory of larger and newer homes on the market, many that were built in place of older homes where the price per foot was higher due to a larger proportion of the value being in the land.  The most significant rise was between the winter of 2021 and summer of 2022, with prices stabilizing somewhat after rates began to increase.

Median Sales Price Per Square Foot Chart for Homes in East Dallas, Texas – Trend (12 Month Moving Average)

The 12 month trend in price per foot tells a very similar story as the median price: a modest decline from 2008 to 2012 followed by a long and steady increase until 2019, then an even steeper rate of increase during the Covid years.

Median List Price Chart for Homes in East Dallas, Texas – Monthly

The median list price chart shows a similar long and steady increase in prices beginning in 2012 and reaching over $500K for the first time in March of 2022.

Median List Price Chart for Homes in East Dallas, Texas – Trend (12 Month Moving Average)

The median list price moving average continued to rise into late 2022 despite the rise in interest rates, but the percentage of list price received (see below) began declining earlier in the fall.

Average Showings Per Listing for Homes in East Dallas, Texas – Monthly – Five year history

The number of showings per listing showed just how hot the market was at the end of 2021 and beginning of 2022, and also how much traffic decreased after rates began to increase in mid-2022.

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

Median days on market showed a declining trend (aside from a short spike in 2019) from 2012 all the way till May of 2022 when it bottomed out at a record low of just five days.

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

And likewise, the months supply of homes retreated to its lowest level ever in January and February of 2022 with just a 0.7 month supply.  One noreworthy takeaway to this metric is how the increase in supply to over four months in 2019 (which is often considered the dividing line between a seller and buyer market) is correlated with a flattening of both the median sales price and median price per foot.  If inventory returns to these levels, it could lead to a stall in home prices.

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

The average percentage of list price received topped out at an all-time high of 105.8% of list price in April of 2022, then retreated to below 100% in September 2022.

Active Listings For Sale of Homes in East Dallas, Texas – Monthly

Interestingly enough, East Dallas had many more active listings in 2019 than even the worst months of 2011. This increase in inventory also correlated with a stalling of median home prices.

New Listings of Homes in East Dallas, Texas – Monthly

The number of new listings is very seasonal in East Dallas, with the spring and summer months much busier than fall and winter.

Pending Sales of Homes in East Dallas, Texas – Monthly

The number of pending sales is also very seasonal in East Dallas.

Pending Sales of Homes in East Dallas, Texas – Trend (12 Month Moving Average)

Closed Sales of Homes in East Dallas, Texas – Monthly

Closed sales typically lag behing pending sales by about 30 days.

Closed Sales of Homes in East Dallas, Texas – Trend (12 Month Moving Average)

Despite the drop in the number of closed sales, inventory also remained very low throughout 2022 even after rates increased which is why home prices have remained steady for the most part.

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 East Dallas, Texas

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