Dallas, TX Housing Market

Home prices in Dallas were down 4.5% year-over-year in September . At the same time, the number of sold homes rose by 13.2% and sell in around 41 days on average.

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Dallas Housing Market Overview

In September 2024, home prices in Dallas decreased by 4.5% compared to the previous year, with a median sale price of $400,000. The number of homes sold increased by 13.2% year-over-year, with 905 homes sold in 2024, compared to 799 in 2023. Additionally, the median time a home stayed on the market increased by 24.2%, reaching 41 days.

Median Price

Historical Median Price for past 24 months

Top Markets in Dallas

Market

Mashmeter Score

Optimal Strategy

Median Price

Cedar Crest, TX

A-

Short-term

375,000

Wolf Creek, TX

B+

Short-term

375,000

South Boulevard-Park Row Historic, TX

B+

Short-term

375,000

South Division, FL

B+

Short-term

375,000

Urbandale-Parkdale, TX

B+

Short-term

375,000

Check Dallas Top Markets Full Analysis

Top Neighborhoods in Dallas

64%
Mashmeter
property price
$84,999
Median
cap rate
22.47%
Traditional
24.75%
Airbnb
rental income
$1,592
Traditional
$1,753
Airbnb
homes for sale
1
occupancy rate
65%
Airbnb
Cedar Crest
Dallas, TX
63%
Mashmeter
property price
$282,000
Median
cap rate
6.52%
Traditional
9.24%
Airbnb
rental income
$1,531
Traditional
$2,171
Airbnb
homes for sale
1
occupancy rate
49%
Airbnb
Wolf Creek
Dallas, TX
60%
Mashmeter
property price
$292,000
Median
cap rate
7.21%
Traditional
12.04%
Airbnb
rental income
$1,756
Traditional
$2,930
Airbnb
homes for sale
1
occupancy rate
54%
Airbnb
60%
Mashmeter
property price
$279,000
Median
cap rate
5.91%
Traditional
10.93%
Airbnb
rental income
$1,374
Traditional
$2,541
Airbnb
homes for sale
1
occupancy rate
61%
Airbnb
South Dallas
Dallas, TX
60%
Mashmeter
property price
$205,000
Median
cap rate
11.20%
Traditional
16.64%
Airbnb
rental income
$1,913
Traditional
$2,843
Airbnb
homes for sale
1
occupancy rate
49%
Airbnb

Dallas short term regulations

Dallas, TX

Rating:

Positive

Legal for non-occupied:

Yes

Rule Summary:

Dallas does not appear to regulate short term rentals beyond existing ordinances that apply to all types of rental properties across the city. Since 2010, owners of non-owner occupied rental properties, long term and short term, have been required to register and pay a (small) annual fee.

Rented days limit:

N/A

See ALL Dallas short term regulations

Dallas Top Investment Properties Under Median Price

$92,500

property-listing

6646 E Lovers Ln #1504, Dallas , TX 75214

Northeast Dallas

Condo/Coop

1 beds |
1 baths |
717 sq.ft
CAP RATE
Airbnb:
7.87%
Trad:
1.99%

$210,000

property-listing

2306 Clover Rdg, Dallas , TX 75216

Cedar Crest

Single Family Residential

3 beds |
1 baths |
1,071 sq.ft
CAP RATE
Airbnb:
7.76%
Trad:
3.36%

$319,000

property-listing

11108 Barbarosa Dr, Dallas , TX 75228

Northeast Dallas

Single Family Residential

3 beds |
2 baths |
1,182 sq.ft
CAP RATE
Airbnb:
7.53%
Trad:
2.44%

$205,000

property-listing

1528 Wagon Wheels Trl, Dallas , TX 75241

South Dallas

Single Family Residential

3 beds |
2 baths |
1,093 sq.ft
CAP RATE
Airbnb:
7.52%
Trad:
4.24%

Newly Listed Properties in Dallas

$150,000

property-listing

5120 Moneta Ln, Dallas , TX 75236

Southwest Dallas

Other

beds |
baths |
sq.ft
CAP RATE
Airbnb:
7.2%
Trad:
1.3%

$225,000

property-listing

6015 E University Blvd #125, Dallas , TX 75206

M Streets

Condo/Coop

1 beds |
1 baths |
924 sq.ft
CAP RATE
Airbnb:
1.67%
Trad:
-0.15%

$174,950

property-listing

8555 Fair Oaks Xing #606, Dallas , TX 75243

Lake Highlands

Single Family Residential

2 beds |
1 baths |
855 sq.ft
CAP RATE
Airbnb:
1.32%
Trad:
0.56%

$210,000

property-listing

2306 Clover Rdg, Dallas , TX 75216

Cedar Crest

Single Family Residential

3 beds |
1 baths |
1,071 sq.ft
CAP RATE
Airbnb:
7.76%
Trad:
3.36%

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