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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.

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REAL ESTATE NEWS

Dallas ranks No. 9 among U.S. cities for canceled home sales in 2025

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Homebuyers across the United States are ghosting sellers at record rates, and Dallas has some of the worst offenders. Real estate marketplace Redfin tracked which metros saw the most buyers getting cold feet before closing real estate deals: Dallas came in at No. 9.

Redfin says 17.7 percent of Dallas home purchases were called off in September 2025, an increase from 16.4 percent in September 2024.

Fort Worth was even worse, landing at No. 4. In September, 18.7 percent of Fort Worth home purchases were called off, up from from 16.6 percent the previous year.

By comparison, San Antonio ranked No. 2 overall, with the highest pull-out rate in Texas, at 19 percent.

Tampa, Florida, topped the list with a cancellation rate of 20.1 percent. The national average is 15 percent.

Redfin says Goldilocks thinking is largely to blame for the rise in buyers "ghosting" sellers. A lack of compromise on concessions and repairs is driving the trend, with buyers refusing to accept imperfect homes.

Meanwhile, sellers want to avoid losing money on the deal. This is especially true of homeowners who bought during the COVID-19 boom, who are holding their asking price firm to avoid taking a loss. With plenty of homes on the market in "Sun Belt" cities — in some place, more than twice as many sellers than buyers — buyers are weighing all options.

“I’m seeing a lot of buyer’s remorse,” explained Redfin agent Jo Chavez, in a release. “Buyers make an offer, then they start worrying they could have found a better deal or a better home because there are more home sellers than buyers in the market. Some other buyers are backing out because they’re concerned about job security.”

The top 10 markets with the most sideways deals include:

No. 1 — Tampa, Florida
No. 2 – San Antonio, Texas
No. 3 — Atlanta, Georgia
No. 4 — Orlando, Florida
No. 5 — Fort Worth, Texas
No. 6 — Riverside, California
No. 7 — Fort Lauderdale, Florida
No. 8 —Jacksonville, Florida
No. 9 — Dallas, Texas
No. 10 — Las Vegas, Nevada

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Dallas ranks No. 9 among U.S. cities for canceled home sales in 2025