Dallas TX Real Estate - Dallas TX Homes For Sale | Zillow (2025)

FAQs

Are house prices falling in Dallas? ›

Most North Texas counties saw median prices decrease slightly and closed sales fall. In Dallas County, the median price was $370,000, a 3.8% drop from last year. There were more than 1,700 closed transactions, an 18% decline over the same period.

If scoring a low mortgage rate is your top goal, the best time to buy a house (and take out a loan) is August. In the past year, mortgage rates have been lowest in August, with an average mortgage rate of 6.47% on $306,841 home (average home value in Dallas)[3].

You would need around 5,826.9$ in Fort Worth, TX to maintain the same standard of life that you can have with 6,800.0$ in Dallas, TX (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare the cost of living and assume net earnings (after income tax).

According to the Dallas Housing Coalition, Dallas has become unaffordable for many residents. The median income is just over $58,000 and the average home price is just over $400,000. The organization represents more than 200 organizations working to fix the problem.

About 79% of properties in Dallas-Fort Worth are cheaper to rent than buy, according to an analysis by Redfin. Context: The D-FW average is actually below the national average of 81% but well above Houston's average of 48%.

To live comfortably in Dallas, a good salary is about $80,000 annually. 80% of salaries in Dallas fall between $24,960 and $124,800 annually, so if you have a consistent, well-paying job, making a “good” salary is very much within your reach.

Dallas, TX housing market

The median listing home price in Dallas, TX was $449K in July 2024, trending down -10% year-over-year.

Economic opportunities

The city is home to numerous Fortune 500 companies like AT&T, ExxonMobil, and American Airlines. The diverse job market in Dallas spans various sectors, from tech and finance to healthcare and education, ensuring opportunities for a range of professionals.

Is 2024 a good year to buy a house in Texas? ›

Prices have relaxed in Texas and gone down slightly in many cities, but you should expect prices to go up some in 2024. Currently, the market has about 3.7 months of home inventory. That number needs to hit 6–6.5 months just for the market to be balanced.

Fort Worth is a come-as-you-are kind of town that's well-suited to those who prefer a more traditional way of living. Fort Worth is quieter than Dallas in almost every way, but residents can easily get to Dallas for some urban excitement.

Both cities provide a dynamic array of cultural experiences, with Dallas leaning towards a more upscale and contemporary arts scene, while Houston offers diverse cultural expressions and culinary adventures.

Dallas still ranks as one of the most affordable large metropolitan cities to live in. Quality of Life – Quality of life typically means different things for retirees compared to working professionals. In addition to affordable costs of living, seniors value convenient transportation and access to fun activities.

Dallas Housing Market Trends

In July 2024, Dallas home prices were up 2.3% compared to last year, selling for a median price of $445K. On average, homes in Dallas sell after 40 days on the market compared to 26 days last year. There were 879 homes sold in July this year, down from 934 last year.

The average home price will drop slightly from 2023 to 2024

The median price fell 3% year-over-year to $325,000 in March, but it was still significantly higher than the $240,000 median price recorded in March 2019.

Sale-to-list price ratio: 106.68% Homes in Dallas, TX sold for 6.68% above asking price on average in July 2024. Dallas, TX is a buyer's market in July 2024, which means that the supply of homes is greater than the demand for homes.

Dallas-Fort Worth (DFW) is the fifth-largest metro area in the U.S. and consistently ranks among the country's top metros for job growth. Many experts deem DFW as the sixth-best market for overall real estate prospects and the second-best city in the Texas real estate market.