Seller's market

Real estate experts declare Dallas one of the best markets for sellers

Dallas-Fort Worth is a good place to sell your home.

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Local homeowners looking to list are in luck this home shopping season, as Dallas has been named one of the friendliest markets for sellers by real estate database titan Zillow.

Zillow analyzed housing markets in the 35 largest metros across the country and ranked them on a spectrum from most buyer-friendly to most seller-friendly. The index "shows how hot a region's housing market is compared to others by analyzing sale-to-list-price ratios, percentage of listings with a price cut, and how long homes stay on the market," the company says in a release.

The Dallas-Fort Worth metro area ranks No. 24, making it more seller-friendly than most major metros in the country. DFW has a median home value of $242,600, and homes stay on the market for an average of 71 days.

The report drilled down further to name Cedar Hill, where the median home value is $211,300 and homes spend only 53 days on the market, the most seller-friendly spot in DFW. Celina, approximately 15 miles north of Frisco, is the most buyer-friendly location in the area. Zillow notes 28.2 percent of homes there see a price cut.

According to Zillow, the towns of Burleson, Waxahachie, Rowlett, and Crowley all landed in the middle of the buyer-seller index, meaning they are not as buyer- or seller-friendly as other cities on the spectrum in the area.

Houston (No. 9) and San Antonio (No. 11) are the most buyer-friendly large markets in Texas, whereas Austin landed right in the middle of the index at No. 18.

Nationwide, Zillow says buyers in Florida and the New York metro area will have "more favorable conditions than those in most other major markets."

While it may be surprising to see New York City on the list, as Zillow points out in its release, what makes a buyer-friendly market isn't necessarily based on pricing. In New York, for example, homebuyers who can afford the expensive real estate face low competition, thus making it a buyer's market.

home-for-sale lists rankings texas zillow

No Cap

Dallas was a top-10 destination for Gen Zers on the move for 2023

Photo by Lance Asper on Unsplash

Who wouldn't want to live in a Gen Z paradise like Dallas?

As Gen Z enters adulthood, many are flocking to the nation's biggest cultural hubs like New York City, Los Angeles — and now Dallas, which had the ninth-highest inflow of Gen Zers in 2023.

Dallas' new reputation as a Gen Z hotspot was unveiled in a recent report by American home improvement brand This Old House, which analyzed migration trends across multiple generations using 2023 U.S. Census Bureau data.

Dallas saw an influx of 13,770 Gen Z residents last year to become the generation's No. 9 most popular city. That's 4,223 more Gen Zers than the net migration rate from 2022, the report found.

Real estate marketplace Zillow seems to agree on a statewide scale, declaring Texas as the No. 1 destination for Gen Zers on the move in 2024.

However, as Gen Z Dallasites may have learned, it's going to take a big bite out of their paychecks to live in such a highly sought after city. A March RentCafe housing cost analysis predicted Gen Z adults living in Dallas are likely to spend over $149,000 on rent by the time they are 30 years old.

While Dallas saw big gains in its Gen Z population last year, many other big cities saw a mass exodus. Plano, for example — which gained 1,295 Gen Z residents in 2022 — lost 4,028 Gen Zers in 2023, the report discovered.

The biggest Gen-Z exodus was in El Paso, with a drop of 5,607 — "a sharp turn from 2022 when the city saw an increase," the report said. "Other cities, including Plano, Texas; Memphis, Tennessee; McKinney, Texas; and Wichita, Kansas, are seeing similar declines."

"Gen X, baby boomers, and the Silent Generation are also moving away from major cities, particularly New York City and Washington, D.C.," the report said. "They’re heading to some of the same cities as Gen Z, including Houston and Jacksonville, Florida."

The top 10 cities that gained the most Gen Z residents in 2023 are:

No. 1 – New York City, New York
No. 2 – Los Angeles, California
No. 3 – Houston, Texas
No. 4 – Philadelphia, Pennsylvania
No. 5 – Chicago, Illinois
No. 6 – San Diego, California
No. 7 – Seattle, Washington
No. 8 – Charlotte, North Carolina
No. 9 – Dallas, Texas
No. 10 – Minneapolis, Minnesota

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Seller's market

Real estate experts declare Dallas one of the best markets for sellers

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