Real Estate Market Update for Dallas, TX

Video: Real Estate Community Tour for Dallas, TX

See Real estate community tour for Dallas, TX The Dallas-Fort Worth area is home to over six million people, and is one of the fastest growing places in the country! From the downtown hustle and bustle of Hyde Park in the Lake Highlands to the family-friendly suburbs of Frisco and Nesbitt Park, Dallas-Fort Worth has something for everyone. Shopping and dining options, such as those offered at the upscale Highland Park Village, abound. Dallas-Fort Worth also has a thriving arts and culture scene. Myerson Symphony Hall is home to the renowned Dallas Symphony Orchestra, and the nearby Dallas Museum of Art features a collection of more than 23,000 pieces. Sports lovers can join the areas passionate fans in cheering for the NFL Cowboys, NBA Mavericks, NHL Stars, and MLB Texas Rangers. With three major airports, multiple bus lines, and Amtrak service, Dallas-Fort Worth is one of the nations most accessible areas. The area also includes numerous educational opportunities, including six private 4-year universities, and 17 private colleges. Tour the many attractive homes available throughout the Dallas-Fort Worth area on century21.com
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was up 7% from one year earlier, and up 11% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 480-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 39%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 300-thousand dollars. The number of units sold decreased 8% year-over-year, and decreased 8% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
The Dallas-Fort Worth area is home to over six million people, and is one of the fastest growing places in the country! From the downtown hustle and bustle of Hyde Park in the Lake Highlands to the family-friendly suburbs of Frisco and Nesbitt Park, Dallas-Fort Worth has something for everyone. Shopping and dining options, such as those offered at the upscale Highland Park Village, abound. Dallas-Fort Worth also has a thriving arts and culture scene. Myerson Symphony Hall is home to the renowned Dallas Symphony Orchestra, and the nearby Dallas Museum of Art features a collection of more than 23,000 pieces. Sports lovers can join the areas passionate fans in cheering for the NFL Cowboys, NBA Mavericks, NHL Stars, and MLB Texas Rangers. With three major airports, multiple bus lines, and Amtrak service, Dallas-Fort Worth is one of the nations most accessible areas. The area also includes numerous educational opportunities, including six private 4-year universities, and 17 private colleges. Tour the many attractive homes available throughout the Dallas-Fort Worth area on century21.com
Show Transcript
Map Information for Dallas, TX
Area Information for Dallas, TX
  • Population: 1,257,250
  • Median Age: 33.38 yr
  • Median Commute Time: 26 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 3,692/sq mi
  • Population Change Since 2000: 5.76%
  • Closest Airport: Dallas Love Field
  • Closest College: Dallas Theological Seminary
  • Closest Jr. College: Wade College-dallas Marketing Center
  • Median Household Income: $45,218
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $230,592
  • Closest Major Sports Team: Dallas Mavericks
  • Change Avg. Household Income Since 2000: 25.14%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Dallas, TX
Median Age: 33.38 Married: 31% Number of Households: 484,000 Households with Children: 140,369
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Dallas, TX

      School Name Distance Type Grades School Rating Parent Rating
      Bradfield Elementary School 0.9 mi Public K-4 5 0
      North Dallas High School 1.2 mi Public 9-12 1 3
      Dallas Christian Academy 1.3 mi Private PRESCHOOL-12 0 0
      William B Travis Acad/vangrd For A 1.6 mi Public 4-8 5 0
      Highland Park High School 1.7 mi Public 9-12 5 3
      Highland Park Middle School 1.7 mi Public 5-8 5 0
      Dallas Can Academy Charter 2.3 mi Public 9-12 0 3
      University Park Elementary School 2.3 mi Public K-4 5 0
      Booker T. Washing High For The Performing And Visual Arts 2.3 mi Public 9-12 5 4
      Hyer Elementary School 2.6 mi Public K-4 5 0
      Pegasus Charter High School 2.7 mi Public K-12 1 0
      Stonewall Jackson Elementary School 2.8 mi Public K-5 5 0
      First Baptist Academy 2.8 mi Private PRESCHOOL-12 0 0
      Dr Wright L Lassiter Jr Early College High School 3.0 mi Public 9-12 5 4
      Woodrow Wilson High School 3.7 mi Public 9-12 3 4
      L G Pinkston High School 3.9 mi Public 9-12 1 3
      Ursuline Academy Of Dallas 4.0 mi Catholic 9-12 0 4
      Hillcrest High School 4.4 mi Public 9-12 2 4
      James Madison High School 4.4 mi Public 9-12 1 4
      Thomas Jefferson High School 4.5 mi Public 9-12 1 3
      Irma Lerma Rangel Young Women's Leadership School 4.5 mi Public 6-12 5 4
      Irma Rangel Young Womens Leadershi 4.5 mi Public 6-8 5 3
      Trinity Basin Preparatory 4.5 mi Public PRESCHOOL-4 1 0
      The Cambridge School Of Dallas 4.6 mi Private 6-12 0 0
      St Mark's School Of Texas 4.7 mi Private 1-12 0 0
      Episcopal School Of Dallas Pk-1 4.8 mi Private 1-12 0 0
      Rosie Sorrells Education And Socia 4.9 mi Public 9-12 5 4
      School For The Talented And Gifted 4.9 mi Public 9-12 5 4
      Judge Barefoot Sanders Law Magnet 4.9 mi Public 9-12 5 4
      School Of Business And Management 4.9 mi Public 9-12 5 4
      School Of Health Professions 4.9 mi Public 9-12 5 4
      School Of Science And Engineering 4.9 mi Public 9-12 5 4
      Hector P Garcia Middle School 5.0 mi Public 6-8 1 3
      Emmett J Conrad High School 5.0 mi Public 9-12 1 3
      George Bannerman Dealey Internatio 5.1 mi Public PRESCHOOL-8 5 0
      George Bannerman Dealey Montessori 5.1 mi Public PRESCHOOL-8 5 0
      W High Adamson High School 5.2 mi Public 9-12 2 3
      Tyler Street Christian Academy 5.5 mi Private PRESCHOOL-12 0 0
      Franklin D Roosevelt High School 5.6 mi Public 9-12 1 3
      Lincoln Humanities/communications 5.7 mi Public 9-12 1 4
      Dallas Can Academy Charter-oak Cli 5.7 mi Public 9-12 0 0
      Sunset High School 5.8 mi Public 9-12 2 3
      Dallas Academy 6.0 mi Private 1-12 0 0
      The Hockaday School 6.0 mi Private PRESCHOOL-12 0 0
      W E Greiner Exploratory Arts Acade 6.1 mi Public 6-8 3 5
      White Rock Elementary School 6.1 mi Public K-6 5 0
      Dallas Lutheran School 6.4 mi Private 7-12 0 4
      Lake Highlands High School 6.5 mi Public 10-12 1 3
      Jesuit College Prep School 6.5 mi Catholic 9-12 0 4
      W T White High School 6.5 mi Public 9-12 2 3
      Stults Road Elementary School 6.5 mi Public PRESCHOOL-6 1 3
      George Peabody Elementary School 6.6 mi Public PRESCHOOL-5 2 4
      Thomas C Marsh Middle School 6.6 mi Public 6-8 1 2
      Yavneh Academy Of Dallas 6.8 mi Private 9-12 0 0
      Mesorah High School For Girls 7.1 mi Private 9-12 0 0
      The Covenant School 7.4 mi Private K-12 0 0
      Early College High School 7.5 mi Public 9-12 5 4
      Bryan Adams High School 7.5 mi Public 9-12 2 3
      Bishop Lynch High School 7.5 mi Catholic 9-12 0 4
      Skyline High School 7.6 mi Public 9-12 2 3
      Dallas Can Academy At Pleasant Gro 7.8 mi Public 9-12 0 4
      The Parish Episcopal School Pk 7.9 mi Private PRESCHOOL-12 0 0
      Richland Collegiate High School Of Math Sci 8.1 mi Public 11-12 0 3
      John Leslie Patton Jr Academic Center 8.2 mi Public 9-12 0 4
      Barbara Jordan Elementary School 8.3 mi Public PRESCHOOL-5 0 5
      South Oak Cliff High School 8.4 mi Public 9-12 1 3
      Farmers Branch Elementary School 8.6 mi Public PRESCHOOL-5 4 3
      The Westwood School 8.6 mi Private PRESCHOOL-11 0 0
      Field Middle School 8.7 mi Public 6-8 2 3
      Harmony Science Academy - Dallas 8.7 mi Public 9-12 3 0
      Moises E Molina High School 8.9 mi Public 9-12 2 3
      Trinidad Garza Early College High School 8.9 mi Public 9-12 5 4
      Harry Stone Montessori Academy 9.0 mi Public PRESCHOOL-8 5 4
      Bishop Dunne Catholic School 9.0 mi Catholic 6-12 0 4
      Life School Oak Cliff 9.1 mi Public K-6 2 0
      Barack Obama Male Leadership Aca At Bf Darrell Middle School 9.2 mi Public 6-12 5 0
      A Maceo Smith New Tech High School 9.3 mi Public 9-12 0 3
      Inspired Vision Academy Middle 9.4 mi Public 7-11 2 4
      Justin F Kimball High School 9.4 mi Public 9-12 1 3
      Dallas Can Academy At Carrollton-f 9.5 mi Public 9-12 0 0
      Inspired Vision Academy El 9.6 mi Public PRESCHOOL-6 3 4
      W W Samuell High School 9.8 mi Public 9-12 1 3
      Shelton School 9.8 mi Private PRESCHOOL-12 0 0
      Advantage Academy North Duncanville 10.3 mi Public PRESCHOOL-12 1 0
      Gateway Charter Academy - Middle - 10.3 mi Public 6-12 1 3
      Bowie Elementary School 10.4 mi Public K-6 5 0
      Parkhill J High School 10.5 mi Public 7-8 4 0
      Brentfield Elementary School 10.6 mi Public K-6 5 0
      Aw Brow - Intermediate Campus 10.9 mi Public PRESCHOOL-8 2 4
      Kathlyn Joy Gilliam Collegiate Academy 11.1 mi Public 9-12 5 4
      Kipp Destiny Elementary 11.8 mi Public PRESCHOOL-1 0 3
      H Grady Spruce High School 12.0 mi Public 9-12 1 3
      Texas Torah Institute 12.1 mi Private 9-12 0 0
      Wilmer-hutchins Elementary School 12.3 mi Public K-5 0 3
      David W Carter High School 12.3 mi Public 9-12 1 4
      Wilmer-hutchins High School 12.4 mi Public 9-12 1 4
      Harmony School Of Business Dallas 12.5 mi Public K-11 4 4
      Long Middle School 12.6 mi Public 6-8 2 0
      A+ Academy 13.3 mi Public PRESCHOOL-12 1 0
      Seagoville High School 16.6 mi Public 9-12 2 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2015. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Dallas, TX
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.