Dallas, TX Housing Market: What to Expect in 2025?

Name: Dallas, TX Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Overview

Supply

Demand

Buy or Sell

Dallas Housing Market Overview

The Dallas real estate market is moderately competitive at present. The median home price in Dallas is $419,000, and has risen slightly by 0.7% year-over-year. Properties stay on the market for 55 days before going under contract. The market shows signs of cooling demand, as only 703 homes were sold this month—an 8.6% decrease from this time last year.

Dallas buyers have diverse housing options in the city. Here, you can find luxury high-rises, suburban family homes, as well as historic properties. The city has seen strong property value growth over time due to its robust economy and business-friendly climate. People also seek out Dallas' blend of southern charm and urban amenities. With no state income tax, excellent restaurants, and major sports teams, the city has something for everyone.

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Dallas Housing Supply

Dallas attracts first-time homebuyers and real estate investors alike. The number of houses for sale in Dallas, TX, has reached 3,440 properties. This is a 27.5% increase from last year, and it also includes 1,329 new listings. Now, home buyers have more choices as inventory grows. Moreover, the housing supply sits at 4.9 months, further easing competition.

Housing in Dallas follows seasonal patterns. More homes enter the market during spring and summer. Sellers list before school starts, while buyers aim to secure properties before the holiday season. With its urban appeal and economic strength, Dallas has a lot of value to offer. However, before you make a purchase decision, make sure you inspect properties thoroughly. You can also request seller concessions to offset costs in this shifting market.

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Dallas Housing Demand

Dallas' real estate market shows cooling competition. Only 17.5% of homes sell above the list price. Meanwhile, 28.1% of Dallas homes sell below the asking price, a 2.4 percentage point increase from last year. The sale-to-list price ratio sits at 97.2%. This signals that buyers hold more negotiation power, and sellers typically receive less than their asking price.

As a home seller, price your house accurately from the start. This helps avoid later price cuts. Offering concessions and listing your home on the Texas MLS can help you reach more potential buyers. If the sale-to-list price stays below 100%, sellers can expect some negotiation. If you're buying houses in Dallas, focus on long-listed properties. Properties with price reductions can offer you better leverage.

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Strong
Buyer

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Balanced

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Buyer’s Market

Seller’s Market

Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.

Dallas Market: When to Buy or Sell?

The Dallas housing market favors buyers and sellers in turn, mirroring trends in the broader Texas real estate market. When housing inventory rises, competition dips and buyers get more negotiation power. On the flip side, when demand exceeds housing supply, sellers benefit from higher prices and faster sales.

With Dallas' housing supply approaching 5 months, the market nears balance, much like the overall US housing market. This means that buyers have time to evaluate options carefully, while sellers must price homes strategically to attract interest. Knowledge of Dallas real estate trends will help you time your purchase or sale for the best possible outcome.

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Frequently Asked Questions

How have the average home prices in Dallas changed over the past year?

The median home price in Dallas has increased by 0.7% over the past year, and currently sits at $419,000. To know your property's fair market value in this market, you can use our free home value estimator.

What are Dallas housing market predictions for the near future?

Dallas home prices should remain stable with minor increases in the coming months. Demand will likely stay moderate, which will keep the prices stable. However, rising mortgage rates might limit affordability for many buyers.

What's the average price of a home in Dallas, TX?

The average home price in Dallas varies by type and size. Costs typically range from $276,000 for condos to $455,000 for single-family homes. If you want to buy a house here, you can always find cheap houses for sale in Dallas, Texas.

Is this a good time to buy a house in Dallas?

Check Dallas real estate market trends for supply and demand insights. This will help you determine if it's a buyer's or seller's market. Sellers benefit when demand exceeds supply. If mortgage rates stay stable and inventory remains high, buyers gain the upper hand.

Where can I check Dallas housing market trends?

The housing market in Dallas shows year-round activity. Competition varies by season and neighborhood. If you want to buy or sell in Dallas, assess the city's housing market trends for the best time to do so.

When will the Dallas housing market crash?

The Dallas real estate market forecast for 2025 project a crash remains unlikely, though home prices may fluctuate seasonally. Modest growth will continue through 2025, despite rising interest rates.

How to buy a house in Dallas?

Start with a clear budget and mortgage pre-approval. Then, search for Dallas houses for sale. Submit offers, secure loans, and complete the closing process.

How can I list Dallas, Texas, homes for sale?

List your Dallas home with a Flat Fee MLS Texas listing service. High-tech MLS sites like Houzeo assign the right paperwork based on your location. 🚀

What is the average mortgage rate in Dallas, TX?

The state-wide average mortgage rate fluctuates between 6.16% and 6.79%. However, rates depend on market conditions and your credit score. Always check current rates with lenders.

What is the cost of living in Dallas, Texas?

The cost of living in Dallas sits about 2% above the national average. However, it's lower than major cities in New York and California, with a relatively low median home price of $419,000. As a result, Dallas attracts those who want city amenities at manageable costs.

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