Dallas Real Estate Market

Dallas Real Estate Market - 2023-03

Summary

The market trends of March 2023 are as follows(Check out the charts below for details).

Key Takeaways

1. Because of the seasonality of real estate market, the price of whole market keeps climbing up, but the price is still lower than last year in major market.

2. The inventory increased with very low speed. This means the number of houses hitting on market was not large enough. Fewer houses were put on market compared to the same time of last year.

3. The days on market decreased sharply, which means sales went quicker.

4. Even fewer houses were put on market comparing to last year, but the months supply of inventory increased, which means some houses stayed on market for longer time.

5. Houses with good conditions and good school districts were sold very fast, usually over just one weekend. Houses without such good school district or good conditions stayed long time on market.

Median price of Dallas area

Median Prices with Changes at a glance

County	the Highest	Median Sale Price($)	Compared to last year(%)
Collin County	575,535	500,000	-7.4
Denton County	500,000	441,500	-4.4
Tarrant County	375,000	340,000	-2.9
Dallas County	395,000	343,000	-4.5

City	the Highest	Median Sale Price($)	Compared to last year(%)
Frisco	760,000	688,000	-1.7
Prosper	933,000	800,000	-14.7
Allen	650,000	481,000	-10.9
McKinney	580,000	515,000	-6.2
Plano	574,250	505,000	-2.0
Wylie	516,000	458,000	+6.4
Melissa	587,000	511,556	-8.0
Anna	420,950	361,058	-3.9
Princeton	375,000	343,990	-6.5
Little Elm	500,000	435,000	-2.9
Aubrey	466,500	420,000	-7.9
Flower Mound	664,000	600,000	-5.5
Southlake	1,515,000	1,200,000	0
Lucas	1,225,000	1,300,000	+18.2
University Park	2,745,000	2,217,275	+16.7