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Dallas Real Estate Market Update
Latest Update: May 8, 2025
📊 Key Highlights This Month:
• Median price up 3.3% to $465,000
• Inventory up 42.9% year-over-year
• Homes taking 74 days to close on average
🏠 Home Prices: Modest Growth Continues
The median home price in Dallas rose to $465,000 in April 2025 — a 3.3% year-over-year increase. This moderate growth highlights a resilient market even as buyers adjust to rising inventory and longer timelines.
📈 Listings Climb, Sales Ease
Active listings surged to 4,196 (▲ 42.9% YoY), while closed sales fell to 953 homes (▼ 8.3%). Months of inventory increased to 5.0, giving buyers more options and slightly weakening seller leverage.
⏱ Selling Timelines Stretch
Days on Market: 47 (up 5 days YoY)
Days to Close: 27 (down 3 days)
Total Transaction Time: 74 days (up 2 days YoY)
Additional metrics include a median price per square foot of $253.15 (▼ 2.5%), a median home size of 1,882 sq ft, a median year built of 1981, and a close-to-original list price ratio of 95.5%.
What Sellers Need to Know
- ✅ Prices are up: Median value rose 3.3%, but with more listings, pricing strategically matters.
- ✅ Inventory is growing fast: 42.9% more homes on the market increases competition.
- ✅ Expect negotiation: Average close-to-list ratio is 95.5% — price for today’s buyers.
- ✅ Time to sell is creeping up: Total transaction time is now 74 days.
- ✅ Home condition matters: Older homes (median built: 1981) need updates to stand out.
What Buyers Need to Know
- ✅ More options: Inventory is up 43% — giving buyers more leverage and less urgency.
- ✅ Price per sq ft dipped: Down 2.5% YoY — good news if you're budget-conscious.
- ✅ Sales volume is slower: Closed sales are down 8.3% — negotiate for value.
- ✅ Older homes dominate: Be ready for renovations with the median year built at 1981.
- ✅ Financing and prep still matter: Sellers are adjusting but expect pre-qualified buyers.
📍 Market Updates by City
Click your city to explore local market trends, including pricing shifts, inventory changes, and what it means for buyers and sellers.
© 2025 Texas REALTORS® – Data used in this report come from the Texas REALTOR® Data Relevance Project, a partnership among Texas REALTORS® and local REALTOR® associations throughout the state. Analysis provided through a research agreement with the Real Estate Center at Texas A&M University.
