Dallas, TX Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Are Dallas home prices dropping? ›

Other Texas cities featured in Lambert's list reported significant price drops year-over-year, with San Antonio registering a 3.3 decrease between December 2022 and December 2023. In the same timeframe, Dallas and Houston saw home prices drop by respectively 0.5 percent and 0.4 percent.

$316,469. The average Dallas home value is $316,469, up 2.3% over the past year and goes to pending in around 21 days.

Affordability drivers such as the state's low tax environment, relaxed building codes, and cheaper labor contribute to the state's attractive housing market trends. As a result, Texas offers more affordable real estate prices compared to many other states and cities.

When asked about his big predictions for 2024, Dr. Yun said he expects home sales will inevitably rise. "I believe in 2024, we will see more home construction, more supply, and also some delayed potential home sellers coming into the market. Now that the mortgage rates are coming down," said Dr.

In the broader Dallas-Fort Worth area, the market dynamics reflect a robust economy with real estate values that often exceed the national average. As of January, the average home value in the Dallas metro area was $366,326, surpassing the national average.

According to an annual SmartAsset report, single adults living in Dallas, Plano, Irving, and Garland require a $91,770 yearly salary in order to live comfortably in 2024.

How Much House Can I Afford? If you really want to keep your personal finances easy to manage don't buy a house for more than three times(3X) your income. If your household income is $120,000 then you shouldn't be buying a house for more than a $360,000 list price. This is the price cap, not the starting point.

Highland Park regularly ranks as the richest neighborhood in Dallas – and for good reason. Highland Park is an affluent and picturesque residential neighborhood approximately 3 miles north of the center of Dallas, so downtown is always in close proximity.

Wilmer. #1 Suburbs with the Lowest Cost of Living in Dallas-Fort Worth Area.

Cost of Living in Florida vs Texas

Florida offers some of the best living costs in the country but Texas is still the winner with a cost of living index that is actually lower than the nation average. The median listing price of a house in Texas is also $274,500 compared to $300,00 in Florida.

Is housing market slowing down in Dallas? ›

As inventory has declined in most of the Dallas housing market, critically, the number of monthly home sales has also decreased in all but four cities. In the Dallas metro area overall, the number of monthly home sales fell by 10.4%, from 6,141 in August 2022 to 5,501 in August 2023.

Single-family rents are expected to fall, continuing their 2023 trend. At best, average overall home price levels could remain flat or, at most, dip slightly but stay near $340,000. Home sales have not bottomed out, and total sales are expected to remain flat in 2024 compared to 2023, at about 330,000 units.

Summary: Dallas housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.2%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 31.7%, 4 bedroom homes decreased by 35.4%, and 5+ bedroom homes increased by 46.1%.

Average Home Prices: The average median home price in Texas is $332,100, up by 1.2% YoY. In 2024, experts predict the median sale price will increase due to the tight inventory.