Home Values
Dallas Home Prices & Values
Zillow Home Value Index
The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more
None
- None 1-year change
- None 1-year forecast
Market Temperature
Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more
Cold
Buyers' Market
Sellers' Market
The median list price per square foot in Dallas is $138, which is higher than the Dallas-Fort Worth Metro average of $101. The median price of homes currently listed in Dallas is $259,200 while the median price of homes that sold is $245,371. The median rent price in Dallas is $1,275, which is lower than the Dallas-Fort Worth Metro median of $1,285.
Foreclosures will be a factor impacting home values in the next several years. In Dallas 4.8 homes are foreclosed (per 10,000). This is greater than the Dallas-Fort Worth Metro value of 3.9 and also greater than the national value of 4.0
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Dallas is 4.9%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Dallas homeowners underwater on their mortgage is 14.3%, which is higher than Dallas-Fort Worth Metro at 10.4%.
Read moreRelative ZHVI
- +Dallas Market Overview
Data through Sep 30, 2014
- No data ZHVI
- No data 1-yr forecast
- $259,200 Median listing price
- $245,371 Median sale price
Dallas Market Health
Data through Sep 30, 2014
-
3.9/10
Less healthy
The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
- No data Average days on Zillow
- 14.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
- 4.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
Homes foreclosed (per 10,000)
US Metro Areas
| Name | Median ZHVI |
|---|---|
| Los Angeles Metro | $531,000 |
| New York Metro | $381,600 |
| Washington Metro | $359,300 |
| Name | Median ZHVI |
|---|---|
| Miami-Fort Lauderdale Metro | $205,200 |
| Philadelphia Metro | $202,700 |
| Chicago Metro | $188,200 |
| Name | Median ZHVI |
|---|---|
| Atlanta Metro | $151,900 |
| Houston Metro | $150,300 |
| Dallas-Fort Worth Metro | $148,400 |
Listings & Sales
Data through Sep 30, 2014
- $138 Median list price / sq ft
- $130 Median sale price / sq ft
- 37.2% Listings with price cut
Sold below listing
Dallas Rentals
Data through Sep 30, 2014
Zillow Rent Index
-
The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
-
1.1
Breakeven horizon
The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more(Jun 30, 2014)
- $1,275 Rent list price
- $1.27 Rent list price / sq ft
