BIGGEST LOSERS in the Dallas Housing Market - October 2023
As we close out the numbers for October 2023 in the Dallas Texas housing market, we're analyzing the numbers to determine which cities in the Dallas Texas metro area have experienced the biggest decline in Median Sales Prices compared to September. The Fall season usually indicates a slower period for the housing market in the Dallas Fort Worth metro area, but some cities seem to be struggling more than others. We're being cautious in our analysis by only considering cities that had at least 30 closed sales in October. This helps to eliminate any unusual fluctuations in prices due to only a few transactions. We also rely on the median sales price instead of the average, as it provides a more consistent representation of the market. We keep track of over 80 suburbs and cities in the region each month to stay informed about the overall housing market in Dallas Texas. This enables us to have a comprehensive understanding of the real estate landscape in the area.
10. Waxahachie Texas
Waxahachie Texas declined -5.2% to a median sales price of $407,500 from September and is up year to date 8.7%.
9. Princeton Texas
Princeton Texas declined -5.4% to a median sales price of $328,305 from September and is up year to date 6.9%.
8. Desoto Texas
Desoto Texas dropped -5.8% to a median sales price of $335,000 from September and is down year to date -4.8%.
7. Arlington Texas
Arlington Texas declined -5.8% to a median sales price of $325,000 from September and is up year to date 3.2%.
6. Garland Texas
Garland Texas declined -6% to a median sales price of $315,000 from September and is up year to date 9.4%.
5. Mesquite Texas
Mesquite Texas dropped -7.8% to a median sales price of $268,571 from September and is up year to date 4.6%.
4. Rockwall Texas
Rockwall Texas declined -8.3% to a median sales price of $500,000 from September and is down year to date -1.3%.
3. Allen Texas
Allen Texas declined -10.4% to a median sales price of $503,500 from September and is down year to date -3.2%.
2. Midlothian Texas
Midlothian Texas dropped -10.7% to a median sales price of $437,195 from September and is down year to date -9.8%.
1. Little Elm Texas
Little Elm Texas declined -12.1% to a median sales price of $400,500 from September and is up year to date 0.1%.
