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Dallas, TX Housing Market

The Dallas housing market is somewhat competitive. Homes in Dallas receive 2 offers on average and sell in around 54 days. The median sale price of a home in Dallas was $390K last month, -2.3% since last year.

Dallas Market Trends

It’s still a good market to sell in Dallas.

Even though the market has shifted across the U.S., Dallas is still a good market to sell your home.

-2.3%
The average home value in Dallas has dropped slightly by -2.3%.
$390K
The median sale price for a home in Dallas has remained strong at $390K.

Dallas Real Estate

Learn more about the Dallas market

In the last 30 days, homes for sale in Dallas, TX sold for a median price of $390K, -2.3% compared to the same period last year. The median price per square foot was $240, -1.2% year-over-year. There were 932 homes sold, down from 3795 last year. Homes typically received 2 offers and stayed on the market for around 54 days.

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Texas Acquisition Manager

Meet our Dallas Expert, Andy

Andy will help you get the best offer in Dallas with no repairs or showings.

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Selling Your Home in Dallas, TX: Tips for Maximizing Your Sale

Thinking of selling your home in Dallas, TX, and want to make top dollar? It's a fantastic time to sell, but navigating the real estate market can be stressful. Here are some insights and tips to help you maximize your home's value and achieve a smooth sale.

Understanding the Market Trends

Before diving into home improvements or putting your house on the market, it’s crucial to understand the current real estate landscape in Dallas.

  • Average Days on Market: Homes are averaging 54 days on the market before selling.
  • Median List Price: The median listing price is around $415K, while the median sale price sits at $390K.
  • Offer Trends: Sellers are receiving an average of 2 offers per listing, with homes selling at 97.1% of the list price.

While prices have slightly dipped (-2.3% year-over-year), Dallas remains a hotspot for buyers, thanks to its booming job market and vibrant neighborhoods.

Smart Renovations to Boost Value

Renovating your home can significantly increase its selling price. Here are some high-ROI upgrades:

  • Kitchen Remodel: With an estimated cost ranging from $10,000 to $70,000, you can expect a ROI of 65%-80%.
  • Bathroom Remodel: Costing between $10,000 and $50,000, these updates offer a ROI of 60%-75%.
  • Exterior Improvements: Curb appeal matters! From new siding to a fresh coat of paint, these investments can have a ROI of up to 90%.
  • Energy-Efficient Upgrades: Adding energy-efficient windows or a new HVAC system can also offer substantial returns.

Whether you're opting for a minor kitchen upgrade or a full-scale exterior facelift, these renovations can make a big difference. Just remember to weigh the costs against potential gains.

Market Conditions and Timing

Recently, Dallas has seen an uptick in the number of homes on the market, with 3,795 active listings and 932 homes sold. The increasing inventory means slightly more competition. Monitoring local trends and getting advice from a real estate agent will help you choose the perfect time to list.

Skipping the Hassle: Selling Directly to Frontdoor

If the idea of renovations and market research seems overwhelming, you might consider selling directly to companies like Frontdoor. They offer a hassle-free home-selling experience, allowing you to skip renovations and move on without delay.

Real-Life Examples: Recent Market Insights

The Dallas market has seen some fluctuations:

  • Increased Inventory: More homes on the market mean more choices for buyers, but fewer bidding wars.
  • Interest Rates: Higher mortgage rates (6%-7%) have cooled off buyer enthusiasm slightly, but demand remains strong due to Dallas’s robust job market.
  • Rising Rental Rates: Many potential buyers are opting to rent, which drives rental prices up and emphasizes the city’s housing demand.

Balancing these insights with your personal circumstances will help you make informed decisions about when and how to sell your home.

Final Thoughts

Selling your home in Dallas, TX, can be a rewarding experience with the right strategy. By understanding market trends, investing in high-value renovations, and possibly considering a direct sale to companies like Frontdoor, you can ensure a smooth process and maximize your profit.

Happy selling, and here’s to getting top dollar for your Dallas home!

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Sell your Dallas home

Request a competitive offer

Step 1

1. Share Unique Details About Your Home

Start by telling us what makes your home special. Do you have a spacious backyard, a newly renovated kitchen, or an incredible view? These details help us understand your home’s value.

Step 2

2. Compare to Other Homes in Your Neighborhood

Take a look at what other homes nearby are selling for. This helps in setting a competitive price for your home. We’ll use this information to give you a fair offer quickly.

Step 3

3. Speak to a Dallas Market Expert

Our local experts know the Dallas market inside and out. They can provide valuable insights and help ensure your home is priced right. Their local knowledge is crucial for getting the best deal.

Comparison

Why you’ll love working with us

Let’s compare the sale of a $550,000 home in Dallas, Texas.

                                                                                                                                                                                                                                                                                                                                           
Traditional SaleFrontdoor
Commission & Fees$33,000$0
Closing Costs$8,400$0
We pay all costs
Repair Costs$24,750$0
We pay all costs
Days on Market25 DaysImmediate Offer
Total SavingsSave $66,150

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