Dallas Housing Market Update – March 2025
The Dallas, Texas, real estate market continues to evolve as we move into March 2025. While home prices remain strong, some indicators suggest shifting dynamics that both buyers and sellers should monitor closely.
Current Market Overview
Median Sale Price: $428,000 (up 9.2% month-over-month)
Median Days on Market: 47 days (down 17.5% month-over-month)
Active Listings: 3,714 (up 0.4% month-over-month)
New Listings: 1,478 (down 9.5% month-over-month)
Property Values and Sales Trends
Median Estimated Home Value: $350,200 (up 0.7% month-over-month, up 1.7% year-over-year)
Median Listing Home Price: $449,000 (down 2.9% month-over-month)
Median Price per Square Foot: $263 (down 1.1% month-over-month)
Market Insights
The Dallas housing market remains competitive, but a decline in new listings suggests some cooling. While the median sold price has increased by 9.2% from the previous month, the decrease in median days on market indicates homes are selling faster.
The number of active listings has slightly increased, signaling that more properties are entering the market, giving buyers more options. However, the drop in new listings could impact supply in the coming months if demand remains steady.
The months of inventory currently stand at 4.93, up 1.23% from the previous month. While this is still a seller’s market, the changes in listing prices and inventory trends indicate a potential shift toward more balanced conditions.
Key Takeaways for Buyers and Sellers
For Sellers: With home prices still holding strong, now may be a good time to sell, but adjusting pricing strategies may be necessary as listing prices have softened.
For Buyers: More active inventory and faster-selling homes mean acting quickly is key, but the decline in listing prices suggests potential opportunities for negotiation.
Dallas’ housing market remains strong but is showing signs of moderation. Buyers and sellers should keep an eye on shifting inventory levels and pricing trends to make informed real estate decisions.
