{"id":47010,"date":"2024-08-21T12:51:19","date_gmt":"2024-08-21T19:51:19","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=47010"},"modified":"2026-04-06T00:35:16","modified_gmt":"2026-04-06T07:35:16","slug":"home-values-in-dallas","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/home-values-in-dallas\/","title":{"rendered":"Home Values in Dallas: Latest Tips and Trends"},"content":{"rendered":"

Interested to find out how much your home is worth in the current Dallas market? Whether you are considering selling, looking to drop PMI<\/a>, or are simply interested in home values, this information can serve as a guide for your next steps.<\/p>\n

In this article, we’ll explore home price trends in Dallas, offer advice on getting an accurate home value estimate<\/a>, and provide practical tips for boosting your home’s value. We\u2019ll also introduce helpful tools that can assist you in getting the best possible price when it comes time to sell your Dallas property.<\/p>\n\n\n\n\n\n

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\n \"homelight\n <\/div>\n \n

Already Own a Home? What's It Worth Now?<\/h3>\n

Home values have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight’s free Home Value Estimator.<\/p>\n \n

\n Get Estimate<\/a>\n <\/div>\n <\/div>\n<\/div>\n\n\n

Editor\u2019s note: This post is for educational purposes and is not intended to be construed as financial advice. HomeLight always encourages you to consult your own advisor.<\/em><\/p>\n

<\/div>\n

Current home values in Dallas<\/h2>\n

Since 2020, the median home value in the Dallas metro area has surged 45%. At the start of the decade, the typical home sold for $285,000, compared to $413,000<\/a> in June of this year, according to data from the MetroTex Association of Realtors.<\/p>\n

“Now, our prices are still increasing at normalized levels, but they\u2019re just very high for buyers that are especially sensitive to interest rates. So, higher interest rates coupled with increasing prices gives us some areas that are not very affordable,” said Elizabeth McCoy, an associated broker with Williams Trew Real Estate, in a recent article<\/a> by NBC 5 Dallas-Fort Worth.<\/p>\n

\u201cWhen there are homes that are priced right, they\u2019re in really great move-in condition; we are starting to see multiple offers come back on those properties.\u201d<\/p>\n

The table below illustrates just how high home prices have climbed in the Dallas metro area over the last five years:<\/p>\n\n\n\n\n\n\n\n\n
Year<\/td>\nMedian home price<\/td>\nPercent change year-over-year<\/td>\n<\/tr>\n
2024 (June)<\/a><\/td>\n$413,000<\/td>\n-0.5%<\/td>\n<\/tr>\n
2023 (June)<\/a><\/td>\n$415,000<\/td>\n-5%<\/td>\n<\/tr>\n
2022 (June)<\/a><\/td>\n$435,000<\/td>\n+20%<\/td>\n<\/tr>\n
2021 (June)<\/a><\/td>\n$350,000<\/td>\n+23%<\/td>\n<\/tr>\n
2020 (June)<\/a><\/td>\n$285,000<\/td>\n+3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: MetroTex Association of Realtors<\/a><\/em><\/p>\n

This trend isn\u2019t isolated to Pegasus City; it reflects a broader pattern nationwide. According to the S&P CoreLogic Case-Shiller National Home Price Index, home prices in the United States have surged by 47%<\/a> since the start of 2020.<\/p>\n

As a result, many homeowners have seen significant gains in their equity<\/a>, providing them with wealth to invest in new properties, save for retirement, fund home improvements, or pay off debts. Recent data from ICE\u2019s Mortgage Monitor report reveals that, as of February 2024, the average mortgage-holding homeowner in the U.S. has accumulated $299,000 in equity<\/a>.<\/p>\n

For comparison, the table below shows median home prices in cities near Dallas:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/th>\nMedian home price<\/th>\nDistance from Dallas<\/th>\n<\/tr>\n<\/thead>\n
Southlake<\/td>\n$1,235,000<\/td>\n30-45 min (27.3 miles)<\/td>\n<\/tr>\n
Keller<\/td>\n$662,900<\/td>\n35 min-1 hour (33.5 miles)<\/td>\n<\/tr>\n
McKinney<\/td>\n$537,000<\/td>\n45 min-1.5 hours (32.6 miles)<\/td>\n<\/tr>\n
Flower Mound<\/td>\n$636,700<\/td>\n35-55 min (28.7 miles)<\/td>\n<\/tr>\n
Allen<\/td>\n$546,300<\/td>\n40 min-1 hour (26.1 miles)<\/td>\n<\/tr>\n
Plano<\/td>\n$523,600<\/td>\n30 min-1 hour (20 miles)<\/td>\n<\/tr>\n
Grapevine<\/td>\n$597,500<\/td>\n26-40 min (23 miles)<\/td>\n<\/tr>\n
Colleyville<\/td>\n$1,097,300<\/td>\n35-55 min (28.5 miles)<\/td>\n<\/tr>\n
Coppell<\/td>\n$676,800<\/td>\n28-45 min (22 miles)<\/td>\n<\/tr>\n
University Park<\/td>\n$2,098,000<\/td>\n14-22 min (8.3 miles)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Home value averages of multiple public transaction sites\u00a0<\/em><\/p>\n

Typical travel times 8 a.m. midweek<\/em><\/p>\n

In the next section, we\u2019ll guide you through different options to estimate the current value of your Dallas home.<\/p>\n","protected":false},"excerpt":{"rendered":"

Get the latest on home values in Dallas and discover how to maximize your home\u2019s worth with expert tips and tools.<\/p>\n","protected":false},"author":363,"featured_media":47014,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[320,1223,330],"tags":[1225],"class_list":["post-47010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-add-value","category-texas-real-estate","category-house-value","tag-selling-a-house-in-dallas-fort-worth"],"acf":[],"yoast_head":"\nHome Values in Dallas: Latest Tips and Trends<\/title>\n<meta name=\"description\" content=\"Get the latest on home values in Dallas and discover how to maximize your home\u2019s worth with expert tips and tools.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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