Dallas Home Values

Dallas housing stock tells the story of a city that keeps rebuilding on top of itself. Lakewood cottages on oversized lots sit blocks from modern infill half-duplexes. Oak Cliff's Wilshire Heights and Sunset Hills preserve 1940s Austin stone and Dilbeck-style architecture while Midway Hollow and Lake Highlands see aggressive tear-down-and-rebuild activity. The urban core layers high-rise condos at Turtle Creek over mid-century bones, and gated townhome communities line Northwest Highway corridors. Preston Highlands and Northwood Hills deliver single-story ranch homes on deep suburban lots. Pier-and-beam construction, hardwood floors, and wood-burning fireplaces remain defining features across price points, though nearly every listing touts some level of renovation.

Closed sales in Dallas recorded a median of roughly $259 per square foot in recent months, with the trailing year running about 7% above year-ago price levels. Based on MLS data for May 2026 closings in Dallas, sellers received close to 97.6 cents on the dollar at the median — just under asking price. Concessions factored into roughly four out of ten transactions, typically around $15,000. Over a third of closings settled below the original list price while fewer than 1% cleared above it, reflecting a market where the initial list price increasingly sets the ceiling rather than the floor.

Dallas carries 7.6 months of available supply into the current period — a figure that exceeds the conventional equilibrium threshold by more than a full month. Active listings near 6,700 stand against a pending count of roughly 950 contracts, a ratio suggesting near-term absorption remains measured. New listings have arrived at a pace above 5,400 in the trailing three months, keeping the overall stock elevated. Median days on market near 33 has not compressed, indicating demand velocity has not accelerated into the available inventory.