Real Estate Market Update for Desoto, TX
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 11% from one year earlier, and down 16% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 260-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 18%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 230-thousand dollars. The number of units sold decreased 12% 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.
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Map Information for Desoto, TX
Area Information for Desoto, TX
  • Population: 54,076
  • Median Age: 37.51 yr
  • Median Commute Time: 30 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 2,498/sq mi
  • Population Change Since 2000: 42.73%
  • Closest Airport: Dallas Love Field
  • Closest College: Northwood University-texas
  • Closest Jr. College: Cedar Valley College
  • Median Household Income: $63,267
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $157,000
  • Closest Major Sports Team: Dallas Mavericks
  • Change Avg. Household Income Since 2000: 13.48%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Desoto, TX
Median Age: 37.51 Married: 38% Number of Households: 19,921 Households with Children: 6,249
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 Desoto, TX

      School Name Distance Type Grades School Rating Parent Rating
      Crossroads Academy 0.2 mi Private 1-12 0 0
      Wings 0.4 mi Public 10-12 0 0
      Little Eagles Early Learning Center 0.4 mi Public PRESCHOOL-PRESCHOOL 0 0
      Desoto Private School 0.5 mi Private PRESCHOOL-6 0 0
      Ruby Young Elementary School 0.6 mi Public K-5 0 0
      Desoto West Middle School 0.9 mi Public 6-8 1 0
      Desoto East Middle School 0.9 mi Public 6-8 0 0
      Desoto High School 1.0 mi Public 10-12 1 3
      Amber Terrace Discovery & Design Early Childhood Academy 1.2 mi Public PRESCHOOL-PRESCHOOL 0 0
      Park Ridge Academy 1.4 mi Private PRESCHOOL-PRESCHOOL 0 0
      Northside Elementary School 1.4 mi Public K-5 1 0
      Woodridge Elementary School 1.8 mi Public K-5 1 0
      Cross Of Christ Lutheran School 1.8 mi Private PRESCHOOL-K 0 0
      The Meadows Elementary School 2.0 mi Public K-5 0 0
      Cockrell Hill Elementary School 2.0 mi Public K-5 2 0
      Waxahachie Family Faith Academy 2.1 mi Public 6-8 2 0
      Oak Cliff Faith Family Academy 2.1 mi Public PRESCHOOL-12 0 0
      Canterbury Episcopal School - Desoto 2.2 mi Private PRESCHOOL-12 0 0
      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 © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Desoto, TX
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.