Dallas TX Real Estate and Local Market Overview
The real estate market in Dallas, TX is quite vibrant and includes both pre-owned and new construction homes. A broad spectrum of Dallas real estate prices and architectural styles accounts for the popularity of Dallas real estate in conjunction with the convenient location. It's always a buyers' market in Dallas with a profusion of attractive homes available on the Dallas real estate market. The median selling price for Dallas, Texas houses for sale is $135,600 and the average price per square foot is $60. Some of the most popular neighborhoods in Dallas are Downtown, Far North Dallas, Highland Park, Lakewood, M Streets, Preston Hollow, Oak Lawn, University Park, and Uptown. The average listing price is $518,045 for Dallas, TX homes for sale.
Dallas, TX Market Summary
In Dallas County, the county seat is, of course, in the city of Dallas, which actually extends into Rockwall, Collin, Kaufman and Denton counties. The city itself, at an elevation of 430 feet, covers 385.8 square miles, of which 45.3 square miles are water with 20 major lakes within 100 miles of the metroplex. Some of the largest lakes in the Dallas area are Lake Texoma, Cedar Creek, Richland Chambers, Lake Tawakoni and Lake Ray Roberts. With so many beautiful lakes, lakefront Dallas property abounds in and around Dallas for those who love living on the water. And the really good news is that Dallas gets an average of at least 234 days per year of sun.
3,371,773 people, who make up 25 percent of all Texans, live in the Dallas-Fort Worth Metroplex area and the city of Dallas accounts for 20 percent of that total population with 1,223,229 residents. In fact, Dallas has the 8th highest population of all cities in the U.S. Dallas is the leading economic hub of the Dallas-Fort Worth-Arlington metropolitan area, known as the DFW MSA, which encompasses 12 counties. The median household income in Dallas is $44,826. The Dallas economy is chiefly based upon computer technology, telecommunications, energy, transportation and logistics, medical research and banking. The economy of the metroplex is sixth in size in the entire U.S. and Dallas itself has the third highest number of Fortune 500 companies nationwide. The skyline in Dallas includes several buildings that are 700 feet tall or better and the city is home to 18 hospitals and medical centers, 3 libraries and 27 colleges and universities. For families with young children, Dallas offers 557 preschools, 352 elementary schools, 192 middle schools, 133 high schools, 426 private schools and 64 charter schools.
Highways and Commuting
In addition to the Dallas-Fort Worth International Airport, which is the third busiest airport in the U.S. with access to over 73 destinations, Dallas is home to 7 other heliports and airports and also has a large Amtrak station. In addition, the Dallas Rapid Transit (DART) has numerous stations in Dallas along its DART Rail red line, blue line, green line, orange line, and Trinity Railway Express, which runs from Dallas Union Station to the Fort Worth T&P Station. There are numerous major highways and interstates in and around Dallas, including I-20, which runs east to west and is a major corridor through the metroplex, intersecting with I-30, I-35W, I-35E and I-45. Beyond the metroplex, I-20 goes east-northeast to Arkansas. The Lyndon B. Johnson Freeway or I-635 runs in a partial loop around the city of Dallas, then intersects with Interstates 20, 30, and 45.
Dallas Attractions
The Dallas-Fort Worth area is home to ten major museums, the Dallas Arboretum & Botanical Gardens, Dallas Zoo, Six Flags Over Texas, as well as Texas Motor Speedway for NASCAR racing fans. Every sports fan is crazy about being in close proximity to the Dallas Cowboys football team, Mavericks basketball team, and the ever-popular Texas Rangers baseball team. And shoppers will appreciate the major nearby malls, which include the Dallas Galleria, Vista Ridge Mall, Stonebriar Mall, The Shops At Willow Bend and especially the Grapevine Mills Outlet Mall which offers a massive 1.9 million square feet of international shopping excitement. Additional Dallas attractions include the Cotton Bowl Stadium, Medieval Times, Highland Place, the Naval Air Station Dallas, the Morton H. Meyerson Symphony Center, Reunion Arena, The Zero Gravity Thrill Amusement Park, Science Place, and so much more. Entertainment and tourist attractions are probably more prevalent in Dallas than anywhere else in the state of Texas and there are major star-studded events for just about every possible holiday year-round.
At Estate Chase, we assist our clients in finding the exact homes they desire and match them with local experts in all facets of the real estate industry. We can help you find the very best Real Estate for your family in Dallas, TX or in a nearby Texas community. Please contact us today to get started.