Dallas Housing Market: Mid‑2025 vs. Mid‑2024
As we reach the halfway point of 2025, the Dallas housing market is showing clear signs of transformation. While the frenzy of the pandemic era is well behind us, we’re seeing meaningful shifts in pricing, inventory, buyer behavior, and seller strategy compared to just one year ago.
If you’re buying, selling, or investing this year, it’s crucial to understand how mid-2025 compares to mid-2024—and what those differences mean for your decision-making.
Let’s break down the numbers and trends.
Home Prices: Up, But Slowing
Mid-2024 Median Sold Price: ~$432,000
Mid-2025 Median Sold Price: ~$489,000
Year-over-Year Increase: +13.3%
While prices have risen steadily over the past year, the rate of appreciation is starting to moderate. Much of the jump between 2024 and 2025 reflects low inventory carryover, relocation demand, and ongoing job growth.
However, buyers today are more cautious. The market is no longer driven by overbidding or panic buying. Homes are selling, but only when priced strategically and marketed correctly.
Inventory Levels: Rising, But Not Saturated
June 2024 Active Listings: ~6,000
June 2025 Active Listings: ~6,500
Inventory Growth: +8% YoY
Dallas is seeing a modest increase in inventory, especially in the $400K–$700K range. Builders have adjusted to meet buyer demand, and more resale listings are hitting the market as homeowners unlock equity or relocate.
That said, we’re still not in a buyer’s market—just a more balanced one. The best homes are still moving quickly, but competition isn’t nearly as intense as it was last year.
Days on Market: Buyers Gaining Breathing Room
2024 Avg. Days on Market: ~36
2025 Avg. Days on Market: ~41
Change: +5 days
This slight increase reflects a more deliberate buying process. Buyers are taking their time, comparing listings, and submitting offers only when the price and condition are aligned. For sellers, this means pricing too high can lead to extended timelines and price adjustments.
Interest Rates: Steady but Still a Factor
Rates were expected to drop in early 2025, but have remained elevated due to inflation concerns and economic uncertainty. Many buyers have adjusted their budgets accordingly, and lender-paid buydowns and builder incentives are playing a bigger role than they did last summer.
Despite rate pressure, buyers are still moving forward—especially those with strong income, down payment assistance, or VA loan eligibility.
Buyer Behavior: Selective and Strategic
In 2024, urgency drove most buyer behavior. Today, buyers are:
Asking for seller concessions
Expecting move-in ready condition
Passing on overpriced or poorly marketed homes
Sellers must now appeal to buyers who expect value and transparency, not emotional hype. The shift in mindset means preparation, photography, and pricing strategy are non-negotiable.
Opportunities by Segment
For Buyers:
There’s finally time to evaluate listings without rushing. You’re more likely to find motivated sellers, especially on homes that have been listed for 30+ days. New builds and inventory homes also offer strong incentives that didn’t exist a year ago.
For Sellers:
The market is still healthy—but pricing matters. Don’t rely on last year’s comps. Partner with a local expert to position your home correctly from day one and avoid unnecessary time on market.
For Investors:
The rental market in Dallas remains strong. Increased inventory in affordable suburbs is creating new opportunities for long-term holds, especially in areas with school and infrastructure expansion.
Final Thoughts
The Dallas housing market has matured over the past year. It’s no longer about speed or speculation—it’s about strategy, patience, and execution.
Whether you’re considering a move this year or next, now’s the time to get informed, plan carefully, and work with someone who understands how to navigate the market at every phase.
Let’s talk about your next step—and build a smart plan based on today’s data, not last year’s hype.
—
Gustavo Ramos
Realtor – Keller Williams Dallas Metro North
(817) 876-3390
gustavoramos@kw.com
gustavoramos.kw.com
