A Look at the Dallas County Housing Market: September 2025 Sees Shifting Conditions

An updated analysis of the Dallas County real estate market reveals notable shifts across the new construction, resale, and rental sectors in September 2025. The following report provides a clear picture of the current trends based on the latest available data.

New Construction Market: Buyer Opportunities Amidst Shifting Prices

For those in the market for a brand-new home in Dallas County, September 2025 presents a landscape of fluctuating prices and growing inventory. There are currently 1,274 active new construction listings. This marks a 2.7% increase from the previous month and a 9.7% rise from the previous year, signaling a robust and expanding inventory for prospective buyers.

Pricing for new homes shows a complex picture. The average list price for a newly built home is now $1.02M. This is an 8.2% increase from August 2025 and a 9.2% increase compared to September 2024.

Key New Construction Market Trends:

• Active Listings: 1,274, up 2.7% from last month and up 9.7% from last year.

• Average List Price: $1.02M, an 8.2% increase from last month and a 9.2% increase from last year.

• Closed Sales: There were 198 closed sales, which is a decrease of 13.5% from last month and a decrease of 13.5% year-over-year.

• Average Sold Price: The average price for closed sales was $775.70K, down 18.9% from last month and down 19.9% from the prior year.

• Months Supply: The months of supply is 5.50.

• Days on Market: Homes are on the market for an average of 62 days.

• Percent of Original Price: Homes are selling for 95.1% of their original list price, a 0.2% increase from last month but a 0.7% decrease from last year.
  

  
  

Resale Market: A Surge in Listings and Price Adjustments

The resale market in Dallas County is marked by a significant increase in the number of available homes compared to last year. Active listings stand at 6,928, a slight 1.0% decrease from August 2025 but a substantial 11.1% increase compared to September 2024. This growth in yearly inventory offers more choices for buyers.

Average prices in the resale sector are showing a notable downward trend month-over-month. The average list price is $722.64K, a 31.2% decrease from last month, though it is up 13.2% from last year. Similarly, the average price for closed sales is $527.10K, which is a 0.2% decrease from the previous month but a 2.9% increase year-over-year.

Key Resale Market Trends:

• Active Listings: 6,928 active listings, down 1.0% from last month but up 11.1% yearly.

  
  

• New Listings: 2,465 new listings, down 2.8% from last month and down 2.7% from last year.

  
  

• Closed Sales: 1,311 closed sales, down 2.8% from last month and down 2.7% from last year.

  
  

• Months Supply: The months supply stands at 4.80.

  
  

• Days on Market: Resale homes are taking an average of 52 days to sell.

  
  

• Percent of Original Price: Homes are selling for 93.5% of their original asking price, which is a 0.8% decrease from last month and a 1.7% decrease from last year.

Rental Market: More Listings and Shifting Lease Prices

For those looking to rent in Dallas County, the residential lease market provides a greater number of options compared to last year. There are 3,459 active listings for leases, a slight decrease of 1.3% from August 2025. The number of new listings is 1,619, down 13.1% from the prior month but up 0.9% from the prior year.

The average lease prices have experienced some changes. The average list price for a rental is $2.93K, which is a 5.1% decrease from the previous month but an increase of 5.9% from last year. The average closed lease price is $3.00K, representing a 5.7% decrease from last month but a 0.7% increase from last year.

Key Rental Market Trends:

• Active Listings: 3,459 active listings, down 1.3% from last month.

  
  

• Closed Leases: 1,020 properties were leased, a 15.6% decrease from last month but a 7.4% increase from the previous year.

  
  

• Months Supply: The months supply for rental properties is 3.45.

  
  

• Days on Market: Rental properties are on the market for an average of 44 days.

  
  

• Percent of Original Price: Properties are leasing for 97.8% of their original listed price, which is a 0.4% increase from the prior month and a 0.9% increase from last year.

  
  

Overall Market Outlook

The Dallas County real estate market in September 2025 is characterized by a significant year-over-year increase in for-sale inventory, creating a more favorable environment for buyers. While the new construction sector has seen a sharp monthly increase in list prices , the resale market has experienced a significant decrease in list prices month-over-month. Both for-sale sectors have seen a decline in closed sales compared to the previous month. The rental market remains robust, with more closed leases year-over-year and shifting pricing. These trends suggest a market that is continuing to adjust, necessitating that buyers, sellers, and renters stay well-informed to navigate the evolving conditions effectively.

Important Note:

This analysis is based on data from NTREIS (North Texas Real Estate Information Systems) as of September 30 2025.  Market conditions can change rapidly, and this report is intended for informational purposes only. It should not be considered a guarantee of future market performance.