real estate news

Dallas nails No. 2 ranking for new construction homes sold in U.S.

Dallas sold nearly 1,600 new construction homes in March.

The Lone Star State is holding on to its reputation as one of the hottest moving destinations, and a new report shows four Texas metro areas have sold the most new construction homes in the country, with Houston and Dallas outshining them all.

Dallas sold the second-highest number of new construction homes nationwide in March 2024, according to SmartAsset's recently published report, "Where the Most New Construction Homes Are Being Added – 2024 Study." The metro area claimed the No. 2 spot out of 153 U.S. cities ranked based on Zillow's real estate data from March and April.

A total of 1,574 new build homes were sold in the Dallas area in March, for a median sale price of $414,950. The metro's median price point for newly constructed homes is about $36,000 more than the median price for all Dallas homes sold in April, which came out to $379,117.

New construction home prices seem high for Dallas, but things could be much worse. San Jose, California (which ranked No. 132) only sold 41 newly built homes in March, but they sold for a median sale price of $1.734 million.

While inflation jumped by nearly 23 percent from spring 2019 to spring 2024, SmartAsset says housing prices skyrocketed even more during the same time period to 49.4 percent on average. The report indicates these daunting figures aren't having an optimistic effect on potential buyers.

"Housing costs are often the largest budget item for Americans and this could make home ownership feel out of reach for many," the report's author wrote. "But adding new housing can help relieve price pressures in undersupplied metro areas."

Houston barely edged above Dallas in the national standings with 1,751 new construction homes sold in March 2024. The median sale price for these new homes in the East Texas metro was far lower than Dallas', at $347,990, which is about $30,000 more than the median price for all homes sold in Houston during the following month.

Other Texas cities that helped secure the state's dominance in the top 10 include San Antonio (No. 5) and Austin (No. 7). Only 777 new construction homes were sold in the Alamo City in March, with a median sale price of $310,446, which is the most affordable price out of all Texas cities in the top 10. In Austin, 750 new build homes were sold in March, for a median price of $434,900.

The top 10 U.S. metros with the most new construction homes being sold are:

No. 1 – Houston, Texas
No. 2 – Dallas, Texas
No. 3 – Atlanta, Georgia
No. 4 – Phoenix, Arizona
No. 5 – San Antonio, Texas
No. 6 – Charlotte, North Carolina
No. 7 – Austin, Texas
No. 8 – Nashville, Tennessee
No. 9 – Tampa, Florida
No. 10 – Raleigh, North Carolina

Real estate data for all 153 U.S. cities mentioned in the report – including new construction sales count, median sales prices, median sale price per square foot, and median price for all homes (as of April 2024) — was sourced from Zillow based on all single-family homes and condos.

The full report can be found on smartasset.com.

houston dallas austin san antonio smartasset reports rankings real estate

Dallas Got Robbed

The richest small town in Texas is surprisingly not in Dallas

Facebook / City of Bellaire, Texas

Houston neighbor Bellaire is the richest town in Texas.

A survey of affluent small towns has found one town in Texas to be at the top of the list, but shockingly, it is not in Dallas. The town of Bellaire, a small enclave within the Houston metro area, has earned the top spot as the richest small town in Texas for 2025. Boo.

The report, "The Richest Small Town in Every State," from GoBankingRates, selected one city from each state, using data from the U.S. Census Bureau's American Community Survey to determine the 50 richest small towns based on their median household income.

Describing Bellaire as a "small town" might be a misnomer. It's located less than 10 miles from downtown Houston and is fully surrounded by the City of Houston. It's really more of a wealthy enclave within Houston, with a population of just over 17,000 residents.

Those affluent citizens earn a median $236,311 in income every year, which GoBankingRates says is the 11th highest household median income out of all 50 cities included in the report.

The average home in this city is worth over $1.12 million, but Bellaire's lavish residential reputation often attracts properties with multi-million-dollar price tags.

Bellaire also earned a shining 81 livability score for its top quality schools, health and safety, commute times, with an abundance of exceptional local amenities.

Those include conveniently located grocery stores, coffee shops, diverse dining options, and spacious parks.

It's not the first time that Bellaire has caught the eye of GoBankingRates, which previously ranked it as the No. 23 wealthiest suburb in America, and it's been named on similar lists comparing the richest American cities.

Dallas can take comfort in the fact that a different survey found Lewisville to be of the cities attracting the most high-income households, meaning those that make more than $200,000. However, census data places the most recent median income in Lewisville at $85,002 — so it's nowhere close to catching up to Bellaire.

suburbs houston bellaire affluent households

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Dallas nails No. 2 ranking for new construction homes sold in U.S.

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