Real Estate Rumblings

3 hottest Dallas neighborhoods revealed by real estate authority

Phillips Creek Ranch neighborhood in Frisco

Phillips Creek Ranch, in Frisco, is one of the area's hottest neighborhoods this year.

Photo courtesy of Redfin

For first-time (or, really, anytime) homebuyers, the biggest question is: where should I live? A new list may help you narrow down your options.

On January 28, real estate brokerage Redfin released its annual ranking of the hottest neighborhoods to watch in 2020. Along with listing the 10 hottest 'hoods in the nation (we'll get to those later), Redfin also crunched numbers on the three buzziest communities in Dallas and 60 other major metro areas.

To find these hot spots, Redfin examined neighborhoods with the greatest year-over-year growth in listing pageviews on Redfin.com and talked to local realtors. "Some of the neighborhoods included may not meet the conventional definition of 'hot,'" the company hedges in a release, "but are still trending among homebuyers."

In the Dallas metro area, the three hottest neighborhoods vary greatly by location and price point:

Rylie
Located 11 miles southeast of downtown Dallas sits the affordable neighborhood of Rylie, with a median sale price of just $178,000, well below the Dallas median of $299,000. Homes in Rylie spend a median 29 days on the market, the shortest time among the three featured Dallas neighborhoods (and good news for sellers).

Phillips Creek Ranch
In Phillips Creek Ranch, a master-planned community located in booming Frisco, homes go for well above the Dallas median price. Redfin says the median sales price in the upscale neighborhood is $650,000 — more than double the Dallas median. These pricey properties stay on the market for a median 98 days, giving buyers a bit of an advantage when it comes to making an offer.

Lake Ridge
Situated near Joe Pool Lake, in the cities of Cedar Park and Grand Prairie, Lake Ridge offers a middle ground between Rylie and Phillips Creek Ranch. The median home price in this community is $420,950, and homes spend about 70 days on the market.

As for the 10 hottest neighborhoods in the U.S., no Texas cities made the list. Instead, it concentrated largely on the Southeastern U.S., with the Washington, D.C. metro area making two appearances, likely thanks to Amazon's HQ2 announcement last year. The 10 Hottest Neighborhoods to Watch in 2020 are:

No. 1 — Willowsford, Ashburn, Virginia (Washington, D.C. metro)
No. 2 — Bal Harbour, Fort Lauderdale, Florida
No. 3 — Wildwood, Charlotte, North Carolina
No. 4 — West Arvada, Colorado (Denver metro)
No. 5 — Waverly Hills, Arlington, Virginia (Washington, D.C. metro)
No. 6 — Adamsdale, North Attleboro, Massachusetts
No. 7 — Poplar Grove, Indianapolis
No. 8 — West Ridge, Woodinville, Washington (Seattle metro)
No. 9 — Raleigh, Memphis, Tennessee
No. 10 — Old Town Rocklin, California (Sacramento metro)

reports

spring homebuying season

Here's the best time to sell a house in Dallas in 2026, experts say

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North Texans that are considering selling their home have the perfect opportunity coming up in April, according to a new housing report from Realtor.com.

The real estate experts said the week of April 12-18 will offer sellers the best combination of strong and stable housing prices, buyer interest, and a competitive market.

Based on historical market data, homes listings in Dallas-Fort Worth are expected to receive 23.5 percent more views during the week of April 12 compared to the average week, and homes may spend nine fewer days on the market compared to the average. This surge in demand will also affect housing prices in the area. Homes put on the market during this window are expected to list for $24,000 higher than what they were listed at the start of the year, or 5.8 percent more.

"After years of being squeezed by limited inventory and high rates, the 2026 housing market is starting to feel more approachable for those who have been sidelined," said Realtor.com chief economist Danielle Hale.

In general, experts predict homebuyers will start "re-engaging" with the housing market now that mortgage rates stabilized in late 2025. National commercial banker U.S. Bank said the current 30-year fixed mortgage rate is roughly 6.38 percent.

"For sellers, the mid-April window represents an opportunity to enter a market that feels more within reach for buyers while benefiting from a seasonal advantage in terms of pricing and competition," Hale said.

Residential homes in the Dallas-Fort Worth Metroplex had a median price of $385,000 in February, the MetroTex Association of Realtors said in its latest report, and prices are down 2.2 percent year-over-year. More than a quarter of all DFW homes on the market were priced between $300,000-$399,999 last month.

Two more Texas metros – Austin and Houston – are expected to follow Dallas-Fort Worth with the same April 12 window as the best time for residents to sell their homes. In San Antonio, the best time for owners to sell their homes will begin on April 19.

Senior economic research analyst Hannah Jones warned some home sellers in Southern metros might "face softer conditions" due to an abundance of inventory.

"In those metros, optimizing timing to this early spring window is even more critical to differentiate a property from the growing competition," she said.

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