Decade in DFW Real Estate
Median home prices in the Dallas-Fort Worth (DFW) area increased $141,000 over the past decade amid steadily increasing numbers of homes sold each year, according to a report released by Texas REALTORS®. The report, A Decade in Texas Real Estate, features statewide and local-market data on total homes sold, median price, days on market and average price per square foot for each of the past 10 years.
“We’ve had a dynamic real estate market in Texas over the past decade,” said Marvin Jolly, chairman of Texas REALTORS®. “Some of the factors that have affected real estate transactions and property ownership include significant population growth, natural disasters big and small, new home technologies, and, of course, the pandemic. Through it all, Texas REALTORS® have helped buyers, sellers, and property owners achieve their goals.”
A total of 923,528 homes were sold in the DFW during the decade. The median price increased from $149,900 at the end of 2011 to $291,000 at the end of 2020, a 94% increase. Three-quarters of homes sold in the past decade were located in the state’s four largest metro areas (Austin-Round Rock, Dallas-Fort Worth-Arlington, Houston-The Woodlands-Sugarland, San Antonio-New Braunfels), with DFW topping the list.