Dallas, Texas started 2024 with a total of 1,510 single-family homes on the market, with a median home price of $450,000 and an average price per square foot of $297.59. By the end of the year, inventory had increased to 2,175 homes on the market (+44%), with a median home price of $450,000 (+0%), and an average price per square foot of $300 (+1%).
At the start of 2024, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 77 days.
Dallas, Texas started the year with 41.46% 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 47.91% of homes for sale had taken a price cut.
