Dallas, TX Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Is it good time to sell house in Dallas? ›

Listing your home in April through June can maximize buyer interest. The end of the school year and the start of summer vacations mean more potential buyers are looking to move. Additionally, the warmer weather allows your home to look its best, with blooming gardens and sunny days enhancing curb appeal.

Dallas's median sale price is 3% lower than the national average. Overall cost of living in Dallas is 2% higher than the national average. Learn which home features in Dallas add value to a home.

One of the main pros of living in Dallas is the big city amenities. You'll never run out of things to do or food to try. Dallas is also home to a bustling economy with a variety of employment opportunities and a high local rate of job gain. The public schools in Dallas are also a pro.

Even though Texas is a non-disclosure state, you can find the prices a home sold for using the HAR Platinum App. Whether you're buying a home and want to see what homes sold for, or getting ready to list your home and curious what your neighbor's house sold for recently.

Here's how each month of the year ranked for the best time to sell a house. The highest-earning months are, in ranking order, May, June, April and March. Just over 18 million purchase transactions took place during this period, according to ATTOM.

As of June 30, 2024, the forecast by Zillow for the Dallas housing market shows a slight dip with a predicted decrease of 0.4% in home values. This marginal decline suggests a cooling off period, potentially influenced by seasonal trends or slight adjustments in market dynamics.

And while home prices are projected to fluctuate statewide depending on the region (for example, the DFW area saw sharp declines in new home pricing during 2023), the overall market remains strong. Instead of bottoming out, overall home prices are expected to rise slightly by the end of 2024.

Highland Park regularly ranks as the richest neighborhood in Dallas – and for good reason. Highland Park is an affluent and picturesque residential neighborhood approximately 3 miles north of the center of Dallas, so downtown is always in close proximity.

Sale-to-list price ratio: 109.84% Homes in Dallas, TX sold for 9.84% above asking price on average in June 2024. Dallas, TX is a buyer's market in June 2024, which means that the supply of homes is greater than the demand for homes.

What salary do you need to live comfortably in Dallas? ›

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.

Who pays closing costs in Texas? Buyers and sellers both have closing costs to cover in Texas (as is the case in all states). Sellers absorb the bulk of the costs in most cases, including covering the commissions for both real estate agents involved in the sale.

In Texas, there is no state capital gains tax, which means you will only be required to remit capital gains taxes to the federal government. The long-term capital gains tax rates are 0%, 15%, and 20%, depending on your income and the type of asset.

Texas is a nondisclosure state, one of about a dozen in the U.S., in which the sales price of homes isn't required to be publicly disclosed.

Best Months to Sell a House

From May through September, Texas experiences a surge in real estate activity, making it an ideal period for sellers looking for a quick sale. The summer months, despite the heat, attract a large number of buyers, leading to shorter listing periods.

Dallas-Fort Worth is the most attractive market in the United States for investment, according to real estate company CBRE in its 2024 U.S. Investor Intentions Survey. Miami-South Florida, Raleigh-Durham, Atlanta, Nashville, Charlotte, New York City, Phoenix, Tampa, and Austin rounded out the rest of the top 10.

In 2022, these were the top cities in Texas that people moved to (both from out of state and abroad): Houston: 92,562 people. Austin: 50,415 people. Dallas: 48,452 people.

In good weather buyers are more prepared to go house hunting. As such, Spring is a pretty up-beat time of year and often considered to be the time when the most buyers are active in the market. The flip side is that it's also when you can expect to be up against the greatest number of competing sellers.