Dallas, Texas
Know what your Dallas home is really worth
A $1.295M median sale price reflects Dallas's luxury market concentration in Preston Hollow and Highland Park, with 91 active listings — though DFW's broader metro spans every price point from Oak Cliff to Plano.
Dallas market snapshot
- Median Sale Price
- $1295K
- Median Days on Market
- 63 days
- Active Listings
- 91
RentCast market data · Dallas County County, Texas
About Dallas, Texas
Dallas is a city in the U.S. state of Texas. Located in the state's northern region, it is the ninth-most populous city in the United States and third-most populous city in Texas, with a population of 1.3 million at the 2020 census. Along with the city of Fort Worth, Dallas anchors the Dallas–Fort Worth metroplex, the fourth-most populous metropolitan area in the U.S. and the most populous metropolitan area in Texas, at 8.5 million people. Dallas is a core city of the largest metropolitan area in the Southern U.S. and the largest inland metropolitan area in the U.S. that lacks any navigable link to the sea. It is the seat of Dallas County, covering nearly 386 square miles (1,000 km2) and extending into Collin, Denton, Kaufman, and Rockwall counties.
Both Dallas and nearby Fort Worth were initially developed as a product of the construction of major railroad lines through the area allowing access to cotton, cattle, and later oil in North and East Texas. The construction of the Interstate Highway System reinforced Dallas's prominence as a transportation hub, with four major interstate highways converging in the city and a fifth interstate loop around it. Dallas then developed as a strong industrial and financial center and a major inland port, due to the convergence of major railroad lines, interstate highways, and the construction of Dallas Fort Worth International Airport, one of the largest and busiest airports in the world. In addition, Dallas Area Rapid Transit (DART) operates rail and bus transit services throughout the city and its surrounding suburbs.
Dominant sectors of its diverse economy include defense, financial services (such as traditional banking, investment banking, private equity, and venture capital), information technology, telecommunications, and transportation. The Dallas–Fort Worth metroplex hosts 23 Fortune 500 companies, the second-most in Texas and fourth-most in the United States, and 11 of those companies are located within Dallas city limits. Over 41 colleges and universities are located within its metropolitan area, which is the most of any metropolitan area in Texas. The city has a population from a myriad of ethnic and religious backgrounds.
Dallas by the numbers
Population 1,299,553 · Median age 33.4 yrs · Census ACS 2023
Median household income
Dallas's median household income of $67,760 compares to $76,292 statewide and $78,538 nationally, per Census ACS 2023 5-year estimates.
Median age (years)
The median age in Dallas is 33.4 yrs, compared to 35.5 yrs for Texas and 38.7 yrs nationally.
Gender split
Dallas is 49.8% male and 50.2% female, per Census ACS estimates.
Population trend — Dallas
Dallas's population declined 2.3% from 2019 to 2023, per Census ACS 5-year estimates.
Source: U.S. Census Bureau, American Community Survey 2023 5-year estimates.
Texas government
Governor
Greg Abbott
Republican
U.S. Senators
- Cornyn, John(R)
- Cruz, Ted(R)
House Representatives (37)
- Moran, Nathaniel (D-1)(R)
- Crenshaw, Dan (D-2)(R)
- Self, Keith (D-3)(R)
- Fallon, Pat (D-4)(R)
- Gooden, Lance (D-5)(R)
- Ellzey, Jake (D-6)(R)
- Fletcher, Lizzie (D-7)(D)
- Luttrell, Morgan (D-8)(R)
- Green, Al (D-9)(D)
- McCaul, Michael T. (D-10)(R)
- Pfluger, August (D-11)(R)
- Goldman, Craig A. (D-12)(R)
- Jackson, Ronny (D-13)(R)
- Weber, Randy K. Sr. (D-14)(R)
- De La Cruz, Monica (D-15)(R)
- Escobar, Veronica (D-16)(D)
- Sessions, Pete (D-17)(R)
- Menefee, Christian D. (D-18)(D)
- Arrington, Jodey C. (D-19)(R)
- Castro, Joaquin (D-20)(D)
- Roy, Chip (D-21)(R)
- Nehls, Troy E. (D-22)(R)
- Van Duyne, Beth (D-24)(R)
- Williams, Roger (D-25)(R)
- Gill, Brandon (D-26)(R)
- Cloud, Michael (D-27)(R)
- Cuellar, Henry (D-28)(D)
- Garcia, Sylvia R. (D-29)(D)
- Crockett, Jasmine (D-30)(D)
- Carter, John R. (D-31)(R)
- Johnson, Julie (D-32)(D)
- Veasey, Marc A. (D-33)(D)
- Gonzalez, Vicente (D-34)(D)
- Casar, Greg (D-35)(D)
- Babin, Brian (D-36)(R)
- Doggett, Lloyd (D-37)(D)
- Hunt, Wesley (D-38)(R)
Source: Congress.gov, Wikidata. Federal legislators represent Texas statewide or by congressional district.
Dallas economy
In its beginnings, Dallas relied on farming, neighboring Fort Worth's Stockyards, and its prime location on Native American trade routes to sustain itself. Dallas's key to growth came in 1873 with the construction of multiple rail lines through the city. As Dallas grew and technology developed, cotton became its boon and by 1900, Dallas was the largest inland cotton market in the world, becoming a leader in cotton gin machinery manufacturing. By the early 1900s, Dallas was a hub for economic activity all over the Southern United States and was selected in 1914 as the seat of the Eleventh Federal Reserve District. By 1925, Texas churned out more than 1⁄3 of the nation's cotton crop, with 31% of Texas cotton produced within a 100-mile (160 km) radius of Dallas. In the 1930s, petroleum was discovered east of Dallas, near Kilgore. Dallas's proximity to the discovery put it immediately at the center of the nation's petroleum market. Petroleum discoveries in the Permian Basin, the Panhandle, the Gulf Coast, and Oklahoma in the following years further solidified Dallas's position as the hub of the market. The end of World War II left Dallas seeded with a nexus of communications, engineering, and production talent by companies such as Collins Radio Corporation. Decades later, the telecommunications and information revolutions still drive a large portion of the local economy. The city is sometimes referred to as the heart of "Silicon Prairie" because of a high concentration of telecom…
Source: Wikipedia article on Dallas under CC BY-SA 4.0.
Dallas real estate news
Recent news about the Dallas housing market. Source: Google News.
- Frisco, Plano, Prosper Homes: 6.1% Value Decline Hits Collin County Market - Dallas ExpressDallas Express·
- Nearly half of Dallas home sellers are slashing prices amid buyer’s market - CultureMap DallasCultureMap Dallas·
- Cities With the Fastest-growing Home Prices in Texas - StackerStacker·
- Home prices are falling in Texas. Here's why - marketplace.orgmarketplace.org·
- Dallas Housing Market: Prices, Trends, Forecast 2026 - Norada Real Estate InvestmentsNorada Real Estate Investments·
Dallas real estate — frequently asked questions
- What is the median home price in Dallas?
- The median home sale price in Dallas, TX is $1,295,000, based on the most recent available sales data.
- How long do homes stay on the market in Dallas?
- Homes in Dallas sell in a median of 63 days.
- What is the cost of living like in Dallas?
- Dallas has a median household income of $67,760, per U.S. Census Bureau ACS estimates.
- Who lives in Dallas?
- Dallas has a population of 1,299,553 with a median age of 33.4 years, per U.S. Census Bureau ACS estimates.
- How do I sell my home in Dallas?
- Start with a free, no-obligation home value estimate. Enter your address above and we'll connect you with a licensed local real-estate professional familiar with the Dallas market within 24 hours.
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ForSaleAmerica.com is an online marketplace and is not a real estate brokerage in Texas. Property valuations shown are automated estimates based on public data and are not appraisals, comparative market analyses, or guarantees of sale price. We connect homeowners with top local agents and partners — we do not represent buyers or sellers.
