Top Real Estate Agents in Dallas, Texas

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2023 Dallas, Texas Housing Market Summary

Dallas, Texas started 2023 with a total of 1,181 single-family homes on the market, with a median home price of $448,000 and an average price per square foot of $282. By the end of the year, inventory had increased to 1,629 homes on the market (+37%), with a median home price of $459,000 (+2%) and an average price per square foot of $300 (+6%).

At the start of 2023, the median days on market (DOM) was 56 days – by the end of the year, median DOM had increased to 63 days.

Dallas started the year with 46% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 43% of Dallas homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Dallas started 2023 as a seller’s market, with an MAI score of 44; by the end of the year, the MAI had rose to 47 – a strong seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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