$3,443 Closing Credit*
$289,900
1,697 SqFt
3 Beds
•2 Full Baths
Guy Rourk, Damaris Broce, Listing Office: Mersaes Real Estate, Inc.
Is Southwest Dallas, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Southwest Dallas has remained a Seller's Market.
Key Takeaway
Southwest Dallas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest Dallas, TX
How much do homes in Southwest Dallas, TX cost?
Median Sold Price
$349,376
$169/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$50,624(-12.7%)
Key Takeaway
Homes in Southwest Dallas have sold for 12.7% less than they did a month ago.
Summary: The median home sold price in Southwest Dallas was $349,376 in December 2024, down 12.7% from last month, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $260K | $180K | -30.8% |
| 4 Bedrooms | $400K | $518.7K | +29.7% |
| 5+ Bedrooms | $594.8K | - | N/A |
Summary: Southwest Dallas housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 30.8%, 4 bedroom homes increased by 29.7%, and 5+ bedroom homes did not change.
Housing Supply in Southwest Dallas, TX
How many homes are available in Southwest Dallas, TX?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2,502 | 2,495 | -0.3% |
Summary: The Southwest Dallas real estate market had 2,495 homes for sale in December 2024, a 0.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 35 | +2.9% |
| 2 Bedrooms | 220 | 219 | -0.5% |
| 3 Bedrooms | 1,162 | 1,167 | 0.4% |
| 4 Bedrooms | 848 | 832 | -1.9% |
| 5+ Bedrooms | 238 | 242 | +1.7% |
Summary: The Southwest Dallas housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 1.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 446 | 426 | -4.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Dallas, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 426 homes were sold or pending in Southwest Dallas in December 2024, down by 4.5% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Southwest Dallas, TX
How long does it take to sell a home in Southwest Dallas, TX?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 108 Days | 71 Days | -34.1% |
Summary: Homes in Southwest Dallas had an average of 71 days on market in Dec 2024, down by 34.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Dallas are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 426 homes were sold in Southwest 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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