Search homes for sale in Dallas, known for some of the most famous museums, world-class restaurants, shopping, & nightlife.
The housing market in Dallas is fairly competitive. On average, homes in Dallas receive three offers and typically sell within 31 days. Last month, the median sale price for a home in Dallas reached $450K, representing a 16.9% increase from the previous year. Additionally, the median sale price per square foot in Dallas is now $260, which is a 7.0% rise from last year.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In March 2024, the median home price in Dallas rose by 16.9% year-over-year, reaching $450K. Homes in Dallas typically stayed on the market for 31 days, consistent with the duration from last year. The number of homes sold in March decreased to 870 this year, down from 967 in the same month last year, indicating a slight slowdown in sales volume.
The Dallas real estate market is moderately competitive. Homes generally sell within 33 days. While some properties receive multiple offers, the average home sells for approximately 2% below the listed price and typically goes pending in 33 days. However, highly sought-after homes, or "hot homes," can sell close to the listed price and may go pending in about 15 days.
People are moving to Dallas from various metropolitan areas across the country. About 2% of homebuyers nationwide have searched for homes in Dallas from outside metro areas. The largest group of these potential movers comes from Los Angeles, followed by homebuyers from San Francisco and Seattle, indicating a significant interest from the West Coast.
For detailed, up-to-date information on buying a house in Dallas, including legal considerations and market trends, you can talk to us.
Dallas real estate has been experiencing a period of growth, characterized by increasing home prices and a competitive market for buyers. The demand remains strong due to Dallas's robust job market, economic diversity, and influx of new residents. Inventory can be tight, leading to bidding wars on desirable properties. It's advisable for buyers to be pre-approved and ready to act quickly when they find a suitable property.
Property taxes in Dallas are relatively high compared to the national average, which is typical for Texas, as the state does not have an income tax. The property tax rate varies by county and municipality. For Dallas County, the average effective property tax rate is around 2.0% of the property’s assessed value. This rate is used to fund public resources such as schools, roads, and public services.
Yes, Dallas offers several programs to assist first-time homebuyers. The Dallas Homebuyer Assistance Program (DHAP) offers financial assistance for down payment and closing costs to eligible buyers. The amount of assistance is based on the buyer's income and the property price. Additionally, there are state programs such as the Texas State Affordable Housing Corporation (TSAHC) which provides loans and down payment assistance to first-time homebuyers throughout Texas.
Families often look for neighborhoods with good schools, community amenities, and family-friendly environments. Some of the best neighborhoods for families in Dallas include: Preston Hollow, Lakewood, and Bluffview.
When buying an investment property in Dallas, consider the property's location, potential for appreciation, and the current rental market conditions. Look for areas with strong rental demand, such as near universities, major employers, or downtown Dallas. Assess the local amenities, crime rates, and future development plans as these factors can influence tenant attraction and property values. Additionally, ensure your investment aligns with your financial goals, whether you're seeking immediate rental income or long-term capital growth.
Whether you're a first-time homebuyer or looking for an investment property, our team is here to provide you with expert guidance and answers to all your real estate questions in Dallas. Don't miss out on your perfect home—get in touch now to start your journey with a trusted partner in Dallas real estate.
Embark on a journey to discover the unique charm of Dallas, TX with our neighborhood guide. From the trendy streets of Deep Ellum to the upscale vibes of Uptown, our guide covers the eclectic mix of neighborhoods that make Dallas a city with something for everyone. Whether you're looking for cultural hotspots, serene parks, or the best local eats, our guide is your gateway to finding your ideal spot in the heart of Texas.
CEO | PRINCIPAL | REAL ESTATE PROFESSIONAL | ATTORNEY
DRE #0738431
Clients can expect luxurious, stress-free experiences when working with the industry leaders. For the best service and results when it comes to all of your real estate needs, reach out anytime.
