Inside DFW Real Estate

Dallas, Texas real estate market update

Each month, The Dunnican Team publishes housing market updates covering the cities we serve across Northeast Dallas, Collin, Hunt and Rockwall Counties.

Our reports are sourced directly from the MLS transaction data, not estimates or industry averages, and always compared year-over-year so you can tell what's actually changing.

Our goal is to give you the same honest picture we use with our clients, explained the way we'd explain it across the table.

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inside DFW real estate

monthly market update

Dallas closed 723 homes in September 2026, down 11.7% from a year earlier, while active listings held roughly steady at 4,240. Months of inventory rose to 5.3, just inside buyer-leaning territory. The median price rose 9.5% to $460,000 and price per square foot rose 5.1%, with homes priced at $1 million and above making up 18.6% of sales.

Dallas, TX Housing Market Update – September 2026

Dallas Housing Market Update | Reporting Period: Sep 1–Sep 30, 2026 • Data via NTREIS MLS

About this report. This is The Dunnican Team's monthly housing market update for Dallas, Texas. Every figure comes straight from NTREIS MLS transaction data — what homes actually sold for, not estimates or automated valuations — and each one is measured against the same month a year earlier, because a number only means something when you can see what it used to be. Below you'll find the median sale price, closed sales, active inventory, months of supply, and days on market, along with what each of those actually means if you're weighing a move. We publish these every month so you can watch the trend rather than react to a single number. It's the same picture we walk our own clients through, explained the way we'd explain it across the table.

Quick Read

In Dallas, September's numbers show higher prices alongside slower sales. The median rose 9.5% to $460,000 and price per square foot rose 5.1%, while closed sales fell 11.7% and active listings held roughly steady at 4,240. At 5.3 months of inventory, Dallas leans toward buyers, more so than the DFW Metroplex at 4.5 months.

Key Highlights | Dallas Housing Market Update

Median Price: $460,000 (+9.5% YoY)
Closed Sales: 723 (−11.7% YoY)
Active Listings: 4,240 (−1.1% YoY)
Months of Inventory: 5.3 (+0.2 from September 2025)

Market Commentary

PRICES
The Dallas median sale price was $460,000 in September 2026, up 9.5% from September 2025, which points to strengthened pricing. Median price per square foot rose 5.1% to $242.86, a solid gain but roughly half the median's increase. That gap suggests part of the median's rise reflects a mix that included more higher-priced homes. Homes priced at $1 million and above made up 18.6% of closed sales, the largest single price band, while the rest of sales were spread fairly evenly from $100,000 to $999,999. Homes closed at a median of 93.2% of original list price, below the DFW Metroplex at 93.8%. For context, the DFW median was $379,990 and the Texas median was $329,900.

SALES ACTIVITY
A total of 723 homes closed in Dallas in September, down 11.7% from September 2025. That's a softer pace but still within the range of broadly stable activity. The median home took 55 days to go under contract, four days less than a year ago, and 29 days from contract to close, one day faster. Total time from listing to closing was 84 days, compared with 95 days across the DFW Metroplex.

INVENTORY
Active listings totaled 4,240 in September, down 1.1% from a year ago, which keeps supply roughly steady. With closings down 11.7% against nearly flat inventory, supply is building relative to sales, and buyers have more choice.

MARKET BALANCE
Months of inventory rose to 5.3 from 5.1 a year ago, just above the 5.0-month level that typically favors buyers. That's higher than the DFW Metroplex at 4.5 months and slightly below Texas at 5.5 months. Dallas is a large and varied market, so conditions differ sharply by neighborhood and price range. The citywide figure is a starting point, not a verdict on any one area.

What Sellers Need to Know

Price per square foot is up 5.1%, but the 9.5% median gain partly reflects which homes sold, so price to comparable homes in your neighborhood.
At 5.3 months of supply, buyers have choices. Condition and presentation affect how your home competes.
Homes closed at a median of 93.2% of original list price, so plan for some negotiation.
The median home went under contract in 55 days, four days faster than last September.

What Buyers Need to Know

At 5.3 months of supply, Dallas leans toward buyers, with 4,240 active listings.
Homes closed at a median of 93.2% of original list price, which leaves room to negotiate.
Prices are higher than a year ago, with price per square foot up 5.1%, so buyer-leaning supply doesn't mean discounts everywhere.
Sales are spread across every price range, so recent sales in the neighborhoods you're considering matter more than citywide numbers.

Dallas Housing Market Outlook: Fall 2026

Dallas heads into the fall with steady inventory, slower sales, and prices that have held up better than the broader metro. If closings stay below last year's pace while listings hold near 4,240, months of supply will likely stay in buyer-leaning territory through the holidays. Mortgage rates moved higher through late September and early October, and if they stay elevated, price gains are likely to cool from September's pace, particularly below $1 million, where financing costs weigh more heavily on buyers. If rates ease, the depth of inventory gives buyers room to act without the competition seen in tighter markets such as Allen. Results will continue to vary widely by neighborhood, so local comparable sales remain the better guide.

Trending in Real Estate News

Housing Market Update: Asking Prices Fall for the First Time Since March (Redfin, October 15, 2026)
National asking prices slipped below last year's level, a record share of sellers cut their price, and Dallas was among the metros with the steepest drop in new listings.
Zillow September 2026 Market Report (Zillow Research, October 6, 2026)
Newly pending sales fell sharply nationwide in September as mortgage rates climbed, while home values stayed close to flat.
Have Mortgage Rates Peaked, or Will We See Even More Chaos? (HousingWire, October 10, 2026)
A look at the bond-market volatility behind this fall's higher mortgage rates, and what it has meant for pending sales and price cuts.
Homebuyers Have More Fresh Options Than They've Had in 4 Years (Redfin, September 3, 2026)
New listings rose nationally while demand stayed flat, though Dallas and Fort Worth were exceptions, with fewer new listings than a year earlier.

Numbers describe a market. They do not describe your home, your street, or your timeline. If you are weighing a move in Dallas, Texas, Cindy and Cory Dunnican are glad to walk through what this data means for your specific situation — no pressure, no obligation. Get in touch with The Dunnican Team or call 972-679-1789.

Source: Texas REALTORS® Data Relevance Project via MetroTex Association of REALTORS® (Dallas, Dallas-Fort Worth-Arlington MSA, and Texas; September 2026, with September 2025 comparisons). Underlying data from NTREIS MLS; analysis provided through the Texas Real Estate Research Center at Texas A&M University.

Dallas Housing Market FAQs – September 2026

Is it a good time to sell a home in Dallas?

Prices have held up, but buyers have choices. The September 2026 median was $460,000, up 9.5% from a year ago, and price per square foot rose 5.1%. With 5.3 months of inventory and homes closing at a median of 93.2% of original list price, pricing to comparable homes in your neighborhood matters.

Is it a good time to buy a home in Dallas?

Supply favors buyers, with 4,240 active listings and 5.3 months of inventory. Prices are higher than a year ago, though, so the advantage shows up more in selection and negotiating room than in lower prices.

How long are homes taking to sell in Dallas?

In September 2026, the median home took 55 days to go under contract and 29 days from contract to close, for 84 days in total. That's faster than a year ago and faster than the DFW Metroplex at 95 days.

Are home prices rising or falling in Dallas?

Rising. The median rose 9.5% to $460,000 and price per square foot rose 5.1% to $242.86. Because the median rose faster, part of the gain reflects more higher-priced homes in the mix, with $1 million and above making up 18.6% of sales.

How competitive is the Dallas housing market?

Less competitive than many nearby suburbs. At 5.3 months of inventory, Dallas sits just inside buyer-leaning territory, and closed sales fell 11.7% from a year ago. Competition varies widely by neighborhood and price range.

Have questions about what these numbers mean for your home or your search? Connect with The Dunnican Team. We're glad to walk through your neighborhood and price range.

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