$5,023 Closing Credit*
$423,000
1,800 SqFt
4 Beds
•2 Full Baths
Nicole Farren, Listing Office: Butler Property Company
Is Dallas, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Dallas was a Seller's Market.
Key Takeaway
Dallas is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Dallas, TX
How much do homes in Dallas, TX cost?
Median Sold Price
$260,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$101,500(+64.0%)
Key Takeaway
Homes in Dallas have sold for 64% more than they did a year ago.
Summary: The median home sold price in Dallas was $260,000 in October 2024, up 64% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.5K | - | N/A |
| 2 Bedrooms | $117.5K | $400K | +240.4% |
| 3 Bedrooms | $321K | $250K | -22.1% |
| 4 Bedrooms | $230K | $254K | +10.4% |
| 5+ Bedrooms | $227.5K | $1.3M | +486.8% |
Summary: Dallas housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 240.4%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 486.8%.
Housing Supply in Dallas, TX
How many homes are available in Dallas, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5,057 | 5,741 | +13.5% |
Summary: The Dallas real estate market had 5,741 homes for sale in October 2024, a 13.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 328 | 361 | +10.1% |
| 2 Bedrooms | 967 | 1,099 | +13.7% |
| 3 Bedrooms | 1,974 | 2,246 | +13.8% |
| 4 Bedrooms | 1,303 | 1,492 | +14.5% |
| 5+ Bedrooms | 485 | 543 | +12.0% |
Summary: The Dallas housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 796 | 869 | +9.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dallas, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 869 homes were sold or pending in Dallas in October 2024, up by 9.2% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Dallas, TX
How long does it take to sell a home in Dallas, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 65 Days | +97.1% |
Summary: Homes in Dallas had an average of 65 days on market in Oct 2024, up by 97.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Dallas has remained consistent over time.
Summary: During October 2024, 869 homes were sold in Dallas; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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