State of the Dallas Real Estate Market

Let's break down the situation in North Texas by the numbers.

Consider the numbers in the chart below a thermometer that reveals the intensity of the area’s house-buying fever. The chart shows North Texas home sales from January through May 2015, and compares them to figures from the same time period last year. Also, we compared the prices and percentages to those in 2008 to give a bit of historical context. As for the names of the neighborhoods: those are the work of the North Texas Real Estate Information Systems, which compiles all sales data in our region from the various multiple listings services. As always, we are thankful to NTREIS and to the Real Estate Center at Texas A&M University for their magnanimity in sharing this information with us.

Area Neighborhood # of Houses Sold Total $ Value Avg. Price Median Price Price per SqFt Sold to List Price Days on Mkt Months Inventory
Dallas Dallas N 219 $240,579,165 $1,098,535 $764,000 $264 97% 58 3.9
Dallas Dallas E 735 $262,953,600 $357,760 $313,000 $173 98% 39 1.4
Dallas Dallas SE 180 $15,074,460 $83,747 $75,000 $57 98% 51 2.3
Dallas Dallas N Oak Cliff 304 $56,104,720 $184,555 $129,900 $114 97% 43 1.8
Dallas Dallas S Oak Cliff 117 $10,739,547 $91,791 $89,750 $57 98% 55 1.6
Dallas Dallas NW 235 $72,830,495 $309,917 $287,000 $147 98% 42 1.3
Dallas Dallas NE 220 $75,969,740 $345,317 $329,600 $147 98% 42 1.4
Dallas Dallas Oak Lawn 34 $16,897,422 $496,983 $352,000 $258 96% 47 1.8
Dallas Park Cities UP/HP 207 $267,331,599 $1,291,457 $1,164,750 $358 96% 59 4.1
North Addison/Far N Dallas 351 $140,986,521 $401,671 $355,000 $139 98% 41 1.4
North Allen ISD 373 $122,324,604 $327,948 $278,600 $116 98% 42 1.5
North Carrollton/ Farmers Branch 484 $117,650,236 $243,079 $213,000 $109 100% 32 0.9
North Denton County 1,377 $307,039,329 $222,977 $201,950 $100 98% 46 1.3
North Denton County SE 1,161 $360,874,791 $310,831 $271,800 $114 98% 42 1.6
North Frisco/Denton County SE 1,033 $389,616,610 $377,170 $340,500 $122 99% 37 1.4
North Lovejoy ISD 96 $44,392,512 $462,422 $414,000 $133 98% 58 2.1
North McKinney ISD 751 $227,963,797 $303,547 $277,120 $112 99% 37 1.1
North Plano 953 $332,239,625 $348,625 $290,000 $122 99% 33 0.9
North Princeton ISD 58 $9,061,456 $156,232 $155,990 $84 98% 35 0.9
North Prosper ISD 210 $90,495,930 $430,933 $405,000 $123 97% 84 3.7
North Richardson 357 $83,438,397 $233,721 $219,000 $110 99% 30 0.7
North Sachse/ Rowlett 324 $68,441,112 $211,238 $196,750 $91 99% 34 1.2
North The Colony 127 $24,306,403 $191,389 $179,500 $97 100% 21 0.5
North Wylie ISD 300 $72,867,000 $242,890 $218,500 $96 98% 31 1.3
Northwest Colleyville 133 $75,117,735 $564,795 $504,500 $146 97% 56 2.5
Northwest Coppell 144 $56,655,792 $393,443 $370,000 $144 98% 56 1.9
Northwest Grapevine 160 $54,148,160 $338,426 $291,000 $130 98% 41 1.2
Northwest Keller 252 $102,945,276 $408,513 $370,250 $125 98% 53 1.9
Northwest N Richland Hills/ Richland Hills 265 $54,070,600 $204,040 $165,000 $97 98% 35 1.1
Northwest Roanoke 76 $19,764,788 $260,063 $229,750 $108 97% 52 1.9
Northwest Southlake 141 $99,028,953 $702,333 $619,500 $174 97% 79 3.3
Northwest Trophy Club/ Westlake 85 $42,932,905 $505,093 $400,000 $148 97% 45 3.1
Northwest Watauga 111 $14,102,661 $127,051 $123,500 $81 99% 28 0.5
Midcities Arlington N 109 $24,802,514 $227,546 $207,000 $90 96% 66 1.9
Midcities Arlington NW Central 123 $19,544,946 $158,902 $141,500 $79 98% 47 1.3
Midcities Arlington NE Central 51 $4,442,610 $87,110 $77,750 $60 98% 40 1.5
Midcities Arlington SW Central 168 $34,299,552 $204,164 $162,750 $87 98% 42 1.5
Midcities Arlington SE Central 70 $7,468,510 $106,693 $110,450 $71 100% 45 1
Midcities Arlington Southwest 208 $40,765,920 $195,990 $176,000 $88 99% 42 1.1
Midcities Arlington Southeast 277 $41,314,550 $149,150 $147,000 $77 99% 29 0.6
Midcities Arlington (Mansfield) 314 $72,295,360 $230,240 $215,000 $92 99% 36 1.6
Midcities Arlington (Kennedale) 29 $7,435,426 $256,394 $252,850 $95 98% 57 3
Midcities Bedford 154 $30,537,122 $198,293 $192,500 $97 99% 30 0.7
Midcities Euless 180 $41,346,360 $229,702 $211,000 $106 98% 46 1.7
Midcities Grand Prairie NW 50 $8,604,450 $172,089 $142,500 $82 98% 45 1.4
Midcities Grand Prairie NE 10 $643,400 $64,340 $51,500 $49 99% 38 1.6
Midcities Grand Prairie N Central 66 $6,996,528 $106,008 $109,400 $69 98% 38 0.9
Midcities Grand Prairie S Central 91 $13,463,632 $147,952 $140,500 $74 99% 26 0.8
Midcities Grand Prairie South 169 $34,248,188 $202,652 $189,750 $81 99% 37 1
Midcities Grand Prairie Far South 125 $34,112,125 $272,897 $259,900 $92 98% 51 1.4
Midcities Hurst 197 $37,224,923 $188,959 $170,500 $92 98% 32 0.8
Midcities Irving 378 $102,170,754 $270,293 $207,450 $115 97% 52 1.9
East Garland 526 $82,337,936 $156,536 $139,900 $82 99% 38 0.9
East Mesquite 417 $49,873,200 $119,600 $117,340 $70 99% 38 0.9
East Rockwall County 492 $132,618,600 $269,550 $225,000 $102 97% 55 2.4
East Sunnyvale 17 $6,142,202 $361,306 $372,500 $108 97% 69 3.6
South Duncanville 187 $26,035,449 $139,227 $135,000 $72 98% 49 1.1
South Cedar Hill 166 $27,989,426 $168,611 $138,050 $75 98% 56 1.7
South DeSoto 199 $34,010,095 $170,905 $157,000 $71 98% 70 1.6
South Ellis County 624 $119,242,032 $191,093 $175,000 $88 98% 74 2.5
South Lancaster 107 $12,938,654 $120,922 $122,500 $62 97% 48 1.3
South Wilmer/ Hutchins 16 $1,571,552 $98,222 $107,950 $62 97% 75 3.1
Fort Worth Fort Worth E 183 $23,049,765 $125,955 $119,900 $66 98% 57 1.7
Fort Worth Fort Worth SE (Rosedale) 50 $3,695,600 $73,912 $56,000 $52 96% 70 1.8
Fort Worth Fort Worth S (Everman/ Forest Hill) 87 $8,071,425 $92,775 $92,500 $62 97% 36 2.1
Fort Worth Fort Worth Central/W/SW (TCU) 180 $49,887,360 $277,152 $233,000 $139 96% 66 2.5
Fort Worth Fort Worth Central W 239 $80,446,205 $336,595 $280,000 $149 95% 66 2.8
Fort Worth Fort Worth (S I-20/Crowley) 629 $92,363,618 $146,842 $139,000 $71 98% 56 1.7
Fort Worth Fort Worth (Haltom City/ Riverside) 112 $11,507,104 $102,742 $90,000 $68 97% 53 1.2

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