Dynamic.RE · SFR Market Intelligence

Dallas, Texas Housing Market

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.

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Data through June 2026
Dynamic.RE Verdict
Buyer's Market
Under 0.90 buyers per home for sale, sellers compete for buyers. Dallas sits at 0.27, with 26% of sellers already cutting their price.
Median list price
$650,773
+0.4%
Demand : Supply
0.27
Days on market
58 days
Time to go under contract

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.

01
The market at a glance
Median $ / sqft
$291
Active inventory
4,187
New listings / mo
1,344
Days on market
58 days
Price-cut share
26.4%
Pending sales
1,155
02
Where we are in the cycle
Median asking price
$650,773
16% below the May 2017 peak of $779K
Homes for sale
4,187
5.6× the Feb 2022 low of 744
Days to sell
58 days
2.4× slower than the 24-day May 2022 low
03
Market context
2.66M
Population
1.06M
Housing units · county
34.1
Median age · county
$920.0K
Avg list price · luxury-skewed
04
What this means for investors

How much can you negotiate in Dallas?

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.

What to do about it

  • Start in 75235, 75202, and 75227. Those are the three softest ZIP codes in Dallas.
  • Filter for homes listed 60+ days ago that have already cut their price.
  • Offer below the reduced price.
  • Keep your inspection and financing contingencies.
  • In 75235 only 17 out of 100 homes have a buyer. You can lose a few offers there and still win.

Is now a good time to buy in Dallas?

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.

What numbers should you underwrite a Dallas deal with?

  • Price growth to assume — +1.6%/yr. 1 year: -2.0% · 5 years: +1.6% · ten years: +2.0%. The five-year and ten-year rates agree. That is a durable trend, not a boom artifact. It is a fair long-run input. Measure growth per square foot. Dallas median list price fell 0.9% a year, but price per square foot grew 2.0%. The gap is smaller homes, not weaker growth. The house you buy will not shrink. The one-year rate is a timing signal. It is not an underwriting input.
  • Months of carrying cost — 2. A typical home takes 58 days to sell. Budget that long when you exit or refinance. It is 9% slower than a year ago.
  • Odds you cut your price to sell — 1 in 4. About 26% of homes on the Dallas market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
  • Comp on this, not median price — $291/sqft. The typical Dallas listing shrank from 2,820 to 2,067 sqft since Jul 2016. So median price hides real growth: 22% per sqft versus -8% on the median. Comp on median price and you will overpay for small homes.
  • Competition when you exit — -4%. That is how much the number of homes for sale shrank in a year. Your resale will face a smaller crowd than today's comps did.
05
Frequently asked questions

Is Dallas a buyer's or seller's market in 2026?

Yes, if you negotiate. Buyers have the upper hand in Dallas right now. 0.27 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.

Are Dallas home prices going up or down?

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.

What price growth should I assume for Dallas?

+1.6%/yr. 1 year: -2.0% · 5 years: +1.6% · ten years: +2.0%. The five-year and ten-year rates agree. That is a durable trend, not a boom artifact. It is a fair long-run input. Measure growth per square foot. Dallas median list price fell 0.9% a year, but price per square foot grew 2.0%. The gap is smaller homes, not weaker growth. The house you buy will not shrink. The one-year rate is a timing signal. It is not an underwriting input.

How fast are homes selling in Dallas?

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.

Which Dallas ZIP code has the most negotiating room?

75235. Only 17 out of 100 homes there have a buyer, 42% have cut their price, and a typical home takes 63 days to sell.

06
ZIP-level detail

Where buyers have the most leverage in Dallas

  • 7523558 for sale · 42% cutting · 63 daysOnly 17 out of 100 homes here have a buyer.
  • 7520227 for sale · 17% cutting · 91 daysOnly 15 out of 100 homes here have a buyer.
  • 75227100 for sale · 40% cutting · 59 daysOnly 24 out of 100 homes here have a buyer.
  • 75215121 for sale · 28% cutting · 76 daysOnly 29 out of 100 homes here have a buyer.
  • 75208137 for sale · 31% cutting · 62 daysOnly 19 out of 100 homes here have a buyer.

Where it isn't: 75229 ranks #3,737 in the country for buyer demand. Expect the least room to negotiate there.

Where Dallas prices are climbing fastest

No ZIP is on both lists. In Dallas you pick leverage or growth. You cannot have both.

ZIP$/sqft, 2 yrs$/sqft nowBuyers per homeFor sale
75244+10.0%$3390.2047
75220+9.3%$3790.29111
75214+8.7%$4290.34157
75236+6.1%$1810.3526
75240+4.7%$2490.2263

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.

07
Where else to look

Markets similar to Dallas

Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.

  • The Colony, TX — $633,450 median, 42 days, 0.37 buyers per home
  • Plano, TX — $585,672 median, 43 days, 0.33 buyers per home
  • Mckinney, TX — $539,681 median, 49 days, 0.45 buyers per home
  • Rockwall, TX — $581,762 median, 59 days, 0.34 buyers per home
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