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Overview of Dallas
The median listing home price in Dallas, TX, was $424.9K in January 2023, trending up 7.6% year-over-year. The median listing home price per square foot was $237. 2635 homes were sold in Dallas, TX, in February 2023, up from 698 last year.
33,088
TOTAL POPULATION
36.6 years
MEDIAN AGE
High
POPULATION DENSITY
Schools in Austin
Dallas is a major city in the state of Texas, located in the southern United States. It is the ninth-largest city in the country and the third-largest in Texas, with a population of over 1.3 million people. The city is known for its vibrant culture, diverse economy, and rich history. The city is home to some of the most famous sports teams in North America, including the Texas Rangers and the Dallas Cowboys. It’s also known for its smoked barbecue and authentic Mexican food.
The city sits at the center of North Central Texas, 35 miles from Fort Worth, 245 miles from Houston, and 300 miles from the Gulf of Mexico. Its climate is characterized by long winters, short springs and falls, and hot summers with occasional cold snaps.
Dallas began as a marketing center and remains one today—its trade economy is based on wholesale commerce in apparel, gifts, and furniture. The city hosts many trade shows each year at the Dallas Market Center Complex – 150 acres in the northwest sector. The Dallas Market Center Complex houses the Dallas Trade Mart, World Trade Center, Market Hall, Apparel Mart, Menswear Mart, and Home Furnishings Mart.
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Dallas, TX, Summary
- There are 4650 active home listings and 485 new homes for sale in Austin, TX.
- Homes in Austin, TX, were selling for a median price of $612,000 in February 2023.
- On average, homes in Austin, TX, sell after 82 days on the market compared to 42 days last year.
- 3919 homes were sold in Austin, TX, in February 2023, up from 753 last year.
- Austin, TX, is part of the Travis County R-1 School District, with 231 Elementary Schools, 122 Middle Schools, and 94 High Schools.
- The average rating of all the schools in Austin, TX, is 5 out of 10 by GreatSchools.
- The median list price of homes in Austin, TX, was $612,000 in February 2023, compared to $610,000 in 2022.
- In February 2023, Austin, TX, was a seller’s market, indicating that more people were looking to buy than available homes.
- There are 3218 active home listings and 384 new homes for sale in Dallas, TX.
- On average, homes in Dallas, TX, sell after 53 days on the market compared to 32 days last year.
- Dallas, TX, is part of the Dallas County R-1 School District, with 330 Elementary Schools, 171 Middle Schools, and 139 High Schools.
- The average rating of all the schools in Dallas, TX, is 6 out of 10 by GreatSchools.
Dallas Real Estate Market Trends
In the last decade, the Dallas-Fort Worth metroplex has achieved several economic development successes. The economy in DFW has become more diversified and now shares similarities with the broader economy of the United States. Key sectors that have shown strength in the area include transportation and logistics, manufacturing, professional services, health care and construction.
Despite having a diversified economy, Dallas continues to offer relatively affordable living costs when compared to other major cities in the United States. The following section explores the top factors contributing to Dallas’ status as a strong real estate market, housing market, migration & relocation trends, population, schools, amenities, and neighborhood.
Dallas, TX Housing Market
- The median listing home price in Leander, TX, was $489K in February 2023, flat year-over-year. The median listing home price per square foot was $233.
- Leander, TX, is a buyer’s market in February 2023, which means that the supply of homes is greater than the demand for homes.
- The median listing home price in Dallas, TX, was $424.9K in January 2023, trending up 7.6% year-over-year. The median listing home price per square foot was $237 according to realtor.com.
- The median list price of homes in Dallas, TX was $414,990 in February 2023, compared to $450,000 in 2022.
- In February 2023, Dallas, TX, was a seller's market, which indicates that more people were looking to buy than available homes.
Dallas Migration & Relocation Trends
According to redfin.com, in Dec ’22 – Feb ’23, 18% of Dallas homebuyers searched to move out of Dallas, while 82% looked to stay within the metropolitan area.
Where are people moving to Dallas from?
- Across the nation, 1% of homebuyers searched to move into Leander from outside metros.
- San Francisco homebuyers searched to move into Leander more than any other metro, followed by Los Angeles and Chicago.
- Across the nation, 3% of homebuyers searched to move into Dallas from outside metros.
- Los Angeles homebuyers searched to move into Dallas more than any other metro, followed by San Francisco and Chicago.
Where are people from Dallas moving to?
- 73% of Leander homebuyers searched to stay within the Leander metropolitan area.
- San Antonio was the most popular destination among Leander homebuyers, followed by Killeen and Corpus Christi.
- 82% of Dallas homebuyers searched to stay within the Dallas metropolitan area.
- Oklahoma City was the most popular destination among Dallas homebuyers, followed by Miami and Destin.
Dallas, Texas Population 2023
Dallas, the third largest city in Texas and the ninth largest in the United States, had a population of 1,336,347 as of 2023 according to worldpopulationreview.com. The city has experienced a growth rate of 0.8% annually and has seen a population increase of 2.45% since the last census in 2020, when its population was recorded as 1,304,379. With a land area of 384 square miles, Dallas has a population density of 3,934 individuals per square mile.
Schools in Dallas, TX
Dallas, TX, hosts 270 public schools with an average rating of 6 out of 10 by GreatSchools. You can also find 129 private and 83 charter schools.
Amenities near Dallas, TX
According to realtor.com, you can find dozens of grocery stores and hundreds of coffee shops and restaurants in Dallas, TX.
Grocery Stores
- Bow Street Beverage
- Mellen Street Market
- International Food Market
- Hannaford
- African Grocery Store
- Makkah Market
Coffee Shops
- 1418 Coffee House
- Emporium Pies
- La La Land Kind Cafe
- Sip Stir Coffee House
- Fuel City - Dallas
- Ascension Coffee - Design District
- The Henry
- 85°C Bakery Cafe-Carrollton
- Awake
- Yolk Preston Center
Restaurants
- Kenny's Wood Fired Grill
- Maple Leaf Diner
- Rodeo Goat
- Ellen's
- Ida Claire
- Lockhart Smokehouse
- Meddlesome Moth
- Bread Winners Cafe & Bakery
- The Rustic
- HG SPLY CO – Dallas
Explore Dallas, TX
According to realtor.com, there are 120 neighborhoods in Dallas. Preston Hollow has a median listing home price of $2.1M, making it the most expensive neighborhood. Riverway Estates-Bruton Terrace is the most affordable neighborhood, with a median listing home price of $199.9K.
All Neighborhoods in Dallas, TX
Neighborhoods |
Median Listing Home Price |
Listing |
For Sale |
For Rent |
| Lake Highlands | $449.9K | $218 | 182 | 298 |
| Cedar Crest | $235K | $179 | 231 | 34 |
| Oak Lawn | $459.9K | $330 | 80 | 216 |
| Old East Dallas | $507K | $289 | 140 | 478 |
| North Oak Cliff | $449.3K | $278 | 185 | 249 |
| Preston Hollow | $2.1M | $420 | 88 | 51 |
| Casa View | $299.9K | $199 | 102 | 65 |
| Mountain Creek | $324.9K | $165 | 28 | 27 |
| Prestonwood | $412.5K | $222 | 34 | 93 |
| Wolf Creek | $269.4K | $168 | 47 | 23 |
| Pleasant Grove | $237.5K | $167 | 65 | 20 |
| Uptown | $690K | $377 | 32 | 418 |
| Riverway Estates-Bruton Terrace | $199.9K | $155 | 42 | 34 |
| Medical District | $339.8K | $250 | 74 | 194 |
| Greenway Park | $699K | $375 | 61 | 39 |
| Highland Hills | $215K | $167 | 57 | 17 |
| Lakewood | $1.2M | $434 | 34 | 32 |
| Midway Hollow | $839K | $390 | 31 | 15 |
| Vickery | $200K | $177 | 49 | 327 | Lower Greenville | $752K | $393 | 22 | 26 |
Get Connected With A Trusted Real Estate Professional
Are you buying or selling a home in Dallas? Contact Full Circle Realty now to get started!
Our agents can find the right home for your needs and budget and help you navigate this competitive market. We specialize in real estate negotiations, brokerage, property investment, property management, and leases.
Whether you are looking to buy your first home, invest in rental properties, or relocate to a new city, Dallas offers an exceptional real estate market that is sure to meet your needs.