$95,000
0.15 Acres
Land
Jae Jung, Listing Office: True Guard Property Management
Is Southwest Dallas, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Southwest Dallas was a Seller's Market.
Key Takeaway
Southwest 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 Southwest Dallas, TX
How much do homes in Southwest Dallas, TX cost?
Median Sold Price
$382,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$62,525(+19.6%)
Key Takeaway
Homes in Southwest Dallas have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Southwest Dallas was $382,000 in November 2024, up 19.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | - | N/A |
| 2 Bedrooms | $117.5K | $460K | +291.5% |
| 3 Bedrooms | $275K | $300K | +9.1% |
| 4 Bedrooms | $333.5K | $420K | +25.9% |
| 5+ Bedrooms | $355K | $499.1K | +40.6% |
Summary: Southwest Dallas housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 291.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 40.6%.
Housing Supply in Southwest Dallas, TX
How many homes are available in Southwest Dallas, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,747 | 2,735 | -0.4% |
Summary: The Southwest Dallas real estate market had 2,735 homes for sale in November 2024, a 0.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 36 | +20.0% |
| 2 Bedrooms | 257 | 237 | -7.8% |
| 3 Bedrooms | 1,274 | 1,293 | +1.5% |
| 4 Bedrooms | 939 | 917 | -2.3% |
| 5+ Bedrooms | 247 | 252 | +2.0% |
Summary: The Southwest Dallas housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 506 | 411 | -18.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Dallas, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 411 homes were sold or pending in Southwest Dallas in November 2024, down by 18.8% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 81 Days | +123.5% |
Summary: Homes in Southwest Dallas had an average of 81 days on market in Nov 2024, up by 123.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 November 2024, 411 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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