Is Dallas, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Dallas was a Seller's Market.
Key Takeaway
Dallas is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dallas, OR
How much do homes in Dallas, OR cost?
Median Sold Price
$420,350
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dallas have sold for 3% less than they did a year ago.
Summary: The median home sold price in Dallas was $420,350 in May 2024, down 3% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $355K | $355K | 0.0% |
| 3 Bedrooms | $429.9K | $416.5K | -3.1% |
| 4 Bedrooms | $489.5K | $469.3K | -4.1% |
| 5+ Bedrooms | $650K | $582.9K | -10.3% |
Summary: Dallas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 10.3%.
Housing Supply in Dallas, OR
How many homes are available in Dallas, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 75 | -3.8% |
Summary: The Dallas real estate market had 75 homes for sale in May 2024, a 3.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 49 | 50 | +2.0% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Dallas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 7 | -56.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dallas, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Dallas in May 2024, down by 56.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Dallas, OR
How long does it take to sell a home in Dallas, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 65 Days | +57.1% |
Summary: Homes in Dallas had an average of 65 days on market in May 2024, up by 57.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dallas are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Dallas; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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