Dallas Housing Market: Trends & Prices (2026)
Dallas Real Estate Market Overview
(Last Updated – 8/2026)
Texas may be the Lone Star State, but it sure isn’t lonely. Over 31 million people live in Texas, and about 1.3 million of them reside in the city of Dallas. What’s the attraction?
First, if you like warmth, Dallas enjoys sunny days year-round. When it comes to snow, Dallas sees an average of 1.7 inches. (Snow skiers and boarders can get their fix from not far away.)
But does the weather really matter if you have good grub? Dallas is known as one of the best cities in the country to find good barbecue.
Dallas is also fairly affordable, as far as big cities go. The cost of living is 1.6% lower than the national average, according to the Council for Community and Economic Research’s 2025 Cost of Living Index.
However, Dallas housing prices have gone up. As of May 2026, the median home sale price increased by roughly 9.8% since last year, according to Redfin. If you’re considering buying property in Dallas, saddle up and keep reading.
Recommended: Cost of Living in the U.S.
Dallas Real Estate Market Trends
The median sale price for a Dallas home has increased in the last year, and the market is somewhat competitive, though keep in mind that price levels differ from neighborhood to neighborhood as you begin the home-buying process.
The median sale price of $498,702 is above the national median for new homes of $398,771, as reported by Redfin in May 2026, but home values are almost as sprawling as the geography, indicating how different the market may work depending on location. You’ll want to learn about the types of mortgage loans available to you as you figure out how much house you can afford.
Dallas homes currently sell for about 3% below price, with some homes receiving multiple offers. Homes that are more in demand can sell for around list price. A Texas mortgage calculator can be helpful for estimating what buying a home in Dallas may cost you.
Recommended: Local Housing Market Trends by City$498,702
Median Sale Price
$245
Median Price per Square Foot
40 days
Median Time on Market
Dallas Housing Market Forecast
Zillow’s 2026 data shows that home values in Dallas are down 2.7% from the previous year, at an average of $311,326. If you’re looking to buy, you’ll want to know that the Dallas metro area is expected to continue seeing price concessions of 4.1%, but this is a sign of the market normalizing rather than declining. Whether you are a repeat buyer or first-time homebuyer, this year is a good time to house hunt, especially if you can foot higher borrowing costs.
Demographics of the Dallas Market
Why move to Dallas, besides the barbecue and a world of other cuisines? Take a look at one of the top reasons you might want to consider a move to Dallas-Fort Worth.
Job hunters will find that Dallas has one of the largest concentrations of big companies in the U.S., with AT&T, Energy Transfer, CBRE Group (a real estate company), and Southwest Airlines all employing a large workforce here. The top employment sectors are manufacturing, financial services, high tech, transportation, and aerospace and defense.
Median Household Income: $74,323
Median Age: 33.2
College Educated: 39.9%
Homeowners: 42%
Married: 40%
Popular Dallas Neighborhoods
You know what they say: Everything is bigger in Texas. And that includes your options for great neighborhoods to live in, as you are likely to find one with average monthly expenses for one person that fit your lifestyle and budget.
Read on to learn about five Dallas neighborhoods and why they could be a good fit for you.
Oak Lawn
Oak Lawn is known for its support of the LGBT+ community and hosts a large Pride event in September.
The neighborhood, just north of downtown Dallas, features tons of modern restaurants and shops, but nature lovers will probably prefer taking a stroll by Turtle Creek, which connects a number of parks.
Quick Facts
Population:
12,923
Median Age:
33
Housing Units:
10,111
Bike Score:
76/100
Walk Score:
85/100
Transit Score:
60/100
Median Household Income:
$102,364
Oak Lawn Market
The median home price in Oak Lawn is a bit above that of Dallas, although it has dropped 1.3% in the last year. You may want to discuss your financing options with your mortgage lender if you want to be a competitive buyer here.
Median Sale Price
$626,000
Median Price per Sq. Foot
$338
Lake Highlands
The public schools in Lake Highlands may be one of the worst-kept secrets in all of Texas. Families flock to this neighborhood, consisting of dozens of subdivisions, because of the highly rated schools and easy access to big-city amenities. Getting preapproved for a home loan can help you compete if you’re looking to buy in this busy market.
Parkland and trails lead to White Rock Lake for those looking for an active lifestyle.
Quick Facts
Population:
48,965
Median Age:
35
Housing Units:
22,954
Bike Score:
46/100
Walk Score:
44/100
Transit Score:
41/100
Median Household Income:
$67,818
Lake Highlands Housing Market
The median home price is higher than what’s typical in Dallas, and according to May 2026 data, prices rose 13.3% from the previous year. If you are considering a property on the higher end, you may need to get a jumbo loan.
Median Sale Price
$649,781
Median Price per Sq. Foot
$239
Cedar Crest
Cedar Crest residents have access to the Trinity River greenbelt, the Dallas Zoo, the Great Trinity Forest, and Fair and Kiest Parks.
There are restaurants and shops to enjoy as well, and you can have a lower cost of living here than in downtown Dallas, even with downtown being only five miles away.
Quick Facts
Population:
4,044
Median Age:
33
Housing Units:
1,503
Bike Score:
45/100
Walk Score:
42/100
Transit Score:
45/100
Median Household Income:
$41,386
Cedar Crest Housing Market
This is an affordable if somewhat competitive housing market, so you may want to look into getting mortgage preapproval so that you can move quickly. In May 2026, home prices were up 12.3% year over year, but the median sale price is still below Dallas as a whole.
Median Sale Price
$254,914
Median Price per Sq. Foot
$174
Wolf Creek
Only 10 miles south of downtown, Wolf Creek offers an easy commute. This family-friendly neighborhood has 18 schools and is known for its community spirit.
Quick Facts
Population:
14,873
Median Age:
36
Housing Units:
5,562
Bike Score:
39/100
Walk Score:
29/100
Transit Score:
38/100
Median Household Income:
$53,082
Wolf Creek Housing Market
Current home prices in this neighborhood have gone down just over 16% since last year, with a median home price well below that of the Dallas area.
Houses are spending around 47 days on the market, according to Redfin.
Median Sale Price
$233,921
Median Price per Sq. Foot
$148
Winnetka Heights
This small community peppered with historic homes is a dreamy place to raise a family or enjoy single life. Food and art lovers can take advantage of the local restaurant scene and close proximity to the trendy Bishop Arts District.
The neighborhood is popular with visitors but is also the perfect place for locals to call home.
Quick Facts
Population:
1,369
Median Age:
36
Housing Units:
651
Bike Score:
54/100
Walk Score:
55/100
Transit Score:
47/100
Median Household Income:
$81,950
Winnetka Heights Housing Market
Home values in Winnetka Heights are at around the median home price for the Dallas area. Going through the mortgage preapproval process may be a solid strategy for showing you are a competitive buyer.
Listings stay on the market for about 38 days, compared with 14 days last year.
Median Sale Price
$475,000
Median Price Per Sq. Foot
$303
SoFi Home Loans
It’s easy to see why the Dallas real estate market has been active. There are some amazing neighborhoods to choose from, whether you’re single or have a family to look after.
If you think Dallas could be your home sweet home, then you may need to consider your home loan options.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
FAQ
Is the Dallas housing market cooling?
Recent data paints an interesting picture of the Dallas housing market. Zillow has found that average home values are going down as a whole, indicating that the market is leveling off, though it remains somewhat competitive.
What’s the forecast for the Texas housing market?
The forecast for the Texas housing market remains one of modest growth. Recent real estate reports suggest that the Lone Star State is poised for a positive trajectory, thanks to a solid job market and population increases.
What’s the next hot neighborhood in Dallas?
The Cedars offers a vibrant, eclectic atmosphere with a growing arts scene, all convenient to downtown Dallas, yet it still has a neighborhood feel. Median home sale prices here are still below the Dallas market generally, and community events and a strong sense of neighborhood pride make it an attractive place to call home.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
Qualifying for the reward requires using a real estate agent that participates in HomeStory’s broker to broker agreement to complete the real estate buy and/or sell transaction. You retain the right to negotiate buyer and or seller representation agreements. Upon successful close of the transaction, the Real Estate Agent pays a fee to HomeStory Real Estate Services. All Agents have been independently vetted by HomeStory to meet performance expectations required to participate in the program. If you are currently working with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®. A reward is not available where prohibited by state law, including Alaska, Iowa, Louisiana and Missouri. A reduced agent commission may be available for sellers in lieu of the reward in Mississippi, New Jersey, Oklahoma, and Oregon and should be discussed with the agent upon enrollment. No reward will be available for buyers in Mississippi, Oklahoma, and Oregon. A commission credit may be available for buyers in lieu of the reward in New Jersey and must be discussed with the agent upon enrollment and included in a Buyer Agency Agreement with Rebate Provision. Rewards in Kansas and Tennessee are required to be delivered by gift card.
HomeStory will issue the reward using the payment option you select and will be sent to the client enrolled in the program within 45 days of HomeStory Real Estate Services receipt of settlement statements and any other documentation reasonably required to calculate the applicable reward amount. Real estate agent fees and commissions still apply. Short sale transactions do not qualify for the reward. Depending on state regulations highlighted above, reward amount is based on sale price of the home purchased and/or sold and cannot exceed $9,500 per buy or sell transaction. Employer-sponsored relocations may preclude participation in the reward program offering. SoFi is not responsible for the reward.
SoFi Bank, N.A. (NMLS #696891) does not perform any activity that is or could be construed as unlicensed real estate activity, and SoFi is not licensed as a real estate broker. Agents of SoFi are not authorized to perform real estate activity.
If your property is currently listed with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®.
Reward is valid for 18 months from date of enrollment. After 18 months, you must re-enroll to be eligible for a reward.
SoFi loans subject to credit approval. Offer subject to change or cancellation without notice.
The trademarks, logos and names of other companies, products and services are the property of their respective owners.
SOHL-Q226-204