Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Yes, if you negotiate. Buyers have the upper hand in Dallas right now.
You have the upper hand in Dallas. Most homes for sale still have no buyer. Many sellers have already dropped their price once. Sellers are competing for you. Use it.
Only 27 out of every 100 homes for sale have found a buyer. The other 73 are still waiting. Your offer may be the only one on the table. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start below their new price, not their old one.
A typical Dallas home takes 58 days to find a buyer. Half of them take even longer. That is 9% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 4,187 homes for sale in Dallas. That is 5.6 times the tightest month on record, but below the peak of 4,393. Supply is shrinking against last year.
Asking prices are 16.4% below their May 2017 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Dallas prices rose in only 55 of the last 108 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.
The discount is already here. It is not getting bigger. Buy now while sellers are still weak. Waiting for a lower price stopped working a year ago.
Most Dallas households rent. 55 out of every 100 households are renters. That share has held steady for five years. Dallas added about 5,600 renter households in five years. Renter households average 2.2 people. Two and three bedrooms fit the typical renter.
Households grew 4% in five years. The housing stock grew 3%. Demand is outrunning supply. 9.5% of homes sit empty. That is normal for a healthy market.
The median Dallas household earns $79,696 a year. Incomes here have grown 5.4% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 8.2 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. A tenant on the median income can pay about $1,992 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.
That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.
Yes, if you negotiate. Buyers have the upper hand in Dallas right now. 27 out of every 100 homes for sale have a buyer, 26% of sellers have cut their price, and a typical home takes 58 days to sell.
Asking prices are 16.4% below their May 2017 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.
Assume +1.6% a year. Dallas has grown about 1.6% a year for five years and for ten. That is a durable trend, not a boom artifact. It is a fair long-run input. Prices fell 2.0% over the last year. That is a timing signal, not a trend.
A typical Dallas home takes 58 days to find a buyer. Half of them take even longer. That is 9% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.
Most Dallas households rent. 55 out of every 100 households are renters. That share has held steady for five years. 9.5% of homes sit empty. That is normal for a healthy market.
A tenant on the median income can pay about $1,992 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Dallas household earns $79,696 a year.
75235. Only 17 out of 100 homes there have a buyer. 42% of sellers there have cut their price, and a typical home takes 63 days to sell.
Where it isn't: 75229 ranks #3,737 in the country for buyer demand. Expect the least room to negotiate there.
No ZIP is on both lists. In Dallas you pick leverage or growth. You cannot have both.
| ZIP | $/sqft, 2 yrs | $/sqft now | Buyers per home | For sale |
|---|---|---|---|---|
| 75244 | +10.0% | $339 | 0.20 | 47 |
| 75220 | +9.3% | $379 | 0.29 | 111 |
| 75214 | +8.7% | $429 | 0.34 | 157 |
| 75236 | +6.1% | $181 | 0.35 | 26 |
| 75240 | +4.7% | $249 | 0.22 | 63 |
Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.
Dallas has 78 ZIP codes. Each links to its live market dashboard.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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