December 2024 Housing Market Reports: Tarrant & Dallas County

Introduction

The housing market in Tarrant and Dallas County during December 2024 has shown some interesting changes. This blog post explains the key points about townhomes, regular homes, and luxury homes. Whether you want to sell a home or buy one, this guide will help you understand the market better.

Tarrant County Townhome Report (319k+)

• Median Sales Price: Up 5% to $415,000.

• Homes for Sale: Increased by 187% to 43.

• Days on Market: Homes take 72 days to sell, up from 19 last year.
  

Tips for Sellers

Price competitively and stay patient. Check local competition to ensure your home stands out.

Dallas County Housing Report (375k to 800k)

• Median Sales Price: $515,000, a 3% increase.

• Homes for Sale: 1,341, up 26% from last year.

• Days on Market: 36 days on average, a 38.5% increase.
  

Tips for Sellers

With more competition, pricing your home right is key. Focus on current listings to stay competitive.

Tarrant County Housing Report (319k to 499k)

• Median Sales Price: $345,000, up 4.5%.

• Homes for Sale: 4,185, a 24.3% increase.

• Days on Market: Average of 33 days, up 18% from last year.
  

Tips for Sellers

Focus on pricing competitively and maintaining your home’s condition to attract buyers quickly.

Tarrant County Luxury Housing Report (500k to 999k)

• Median Sales Price: $620,000, down 3%.

• Homes for Sale: Increased by 14% to 686.

• Days on Market: 36 days, up from 26 last year.
  

Tips for Sellers

Highlight your home’s best features and price competitively to attract buyers in this range.

Dallas County Luxury Housing Report (700k to 1.2M)

• Median Sales Price: $1.25M, up 7% from last year’s $1.05M.

• Homes for Sale: Increased by 34% to 626 homes.

• Days on Market: 29 days, up slightly from 27 last year.
  

Key Trends

• New Listings: 143, up 22% from 117 last year.

• Pending Sales: Decreased 18% to 112, reflecting a slower market.

• Closed Sales: 186, up 17.7% from 158 last year.

• Month Supply: 2.6 months, up 24% from 2.1 months last year.

• Showings Per Listing: Decreased to 3.2, down 24% from last year’s 4.2.
  

Tips for Sellers

In this competitive market, pricing your home appropriately based on current listings is crucial. Highlight your home’s features to attract buyers. Be patient, as the buyer pool is smaller due to rising interest rates. Ensuring your home stands out will increase the likelihood of securing multiple offers or a quicker sale.

Conclusion

The December 2024 housing market in Tarrant and Dallas County offers opportunities and challenges. Sellers and buyers should plan carefully based on the latest trends. For tailored advice, feel free to reach out or leave a comment on the videos.

About the Author
John Baptiste, Owner/Managing Partner at Local Realty Agency Mid-Cities, specializes in real estate trends across Tarrant and Dallas County. With years of experience and in-depth market insights, John is dedicated to helping clients make informed buying and selling decisions. For more personalized advice, contact John or visit his YouTube channel for the latest updates.