July 2025 Market Update - What You Need to Know
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As of mid-2025, the Dallas housing market remains one of the most active in the country. Recent data from Redfin shows the median home price has reached $489,000, marking a 13% increase over the past year. With homes typically going under contract in about 40 days, it’s clear that demand continues to outpace supply.
Drivers of Buyer Demand
Buyer demand is fueled by a strong local economy, job growth in tech, finance, and healthcare, and Dallas' ongoing appeal to remote workers seeking a lower cost of living. Learn more about job migration trends in Texas.
Tight Inventory Creates Competition
Inventory remains tight, especially for homes in the $300,000 to $500,000 range. In many desirable neighborhoods, buyers are encountering multiple-offer situations, often needing to waive contingencies or offer above asking price.
What Sellers Need to Know
Sellers are benefiting from this market dynamic, with properties selling faster and often at premium prices. This has made it a strong time to list, especially for those downsizing or relocating.
Explore tips for sellers in hot markets.
Neighborhood Spotlights
The competition varies by neighborhood. Areas like Lakewood, Preston Hollow, and East Dallas remain highly sought-after due to their proximity to downtown, school quality, and neighborhood charm. Meanwhile, up-and-coming neighborhoods like Oak Cliff and West Dallas are attracting younger buyers and investors due to their relative affordability and redevelopment potential.
New Construction Relief?
Another trend shaping the market is the rise in new construction inventory. While still not sufficient to meet demand, developments in suburbs such as Frisco, Prosper, and Little Elm are offering buyers more options—though often at a higher price point.
DFW new builds update.
Buyer Strategies for Success
Buyers looking to succeed in this competitive environment should secure financing early, work with experienced agents, and be ready to make quick, decisive offers. Strategic tools like escalation clauses and personal letters can still make a difference in winning a bid.
Seller Strategies That Win
Sellers should focus on smart pricing and strong presentation. Homes that are well-staged, professionally photographed, and marketed effectively are moving quickly.
Where Do We Go From Here?
Whether you're buying or selling, understanding hyper-local trends is essential. For the latest on market conditions and pricing trends, check out
Redfin’s Dallas housing market page.
If you're looking to buy or sell in the Dallas area, the Living in Dallas team is the #1 relocation team in North Dallas. Make sure you reach out to our team to help you with your home purchase or home sale, and we can help you find the best area within your budget!
If you’re shopping for homes in Dallas or want to sell your current home,
please reach out to the Living in Dallas Texas team so we can create a seamless
home buying or selling process for you!
