Market Statistics in Dallas Area

Sales prices continue to rise in the Dallas area and nearby communities when comparing year-over-year changes. We have seen some homes go under contract and come back on the market due to buyer's inability to qualify for their mortgage due to interest rate increases. The number of available homes for sale and the months supply of homes for sale remains low, but supply is increasing in comparison to last month. In many markets, we are seeing months's supply of homes available for sale increase 50% to 100% in comparison to last month. Below is a summary of May 2022 market statistics for the Dallas area and nearby communities.

Current Statistics	Average Sales Price	Median Sales Price	Homes Sold	Days on Market	Price per Square Foot	Percent of Original Price	Homes for Sale	Months Supply
Addison	$545,000	$461,500	10	5	$249	106.9%	16	1.1
Allen	$702,391	$650,000	120	12	$271	109.4%	164	1.3
Anna	$424,479	$417,450	74	10	$191	104.2%	91	1.4
Bluffview	$1,313,778	$900,000	9	26	$437	102.1%	12	1.4
Celina	$824,159	$700,000	86	16	$257	104.4%	147	1.8
Coppell	$663,234	$650,000	37	8	$234	108.8%	42	1.0
Downtown Dallas	$605,400	$391,000	15	24	$427	102.6%	20	1.7
Far North Dallas	$664,484	$589,000	143	14	$252	106.7%	136	0.9
Flower Mound	$747,324	$664,500	100	12	$247	108.6%	145	1.5
Frisco	$800,737	$722,950	298	18	$244	109.4%	362	1.4
Grapevine	$588,113	$594,500	44	8	$235	105.4%	40	0.9
Highland Park	$3,391,331	$2,530,000	13	11	$504	111.2%	24	2.0
Irving	$481,230	$422,500	146	18	$208	105.8%	138	0.9
Lakewood	$1,485,358	$1,484,406	26	12	$459	107.2%	22	1.4
Little Elm	$500,647	$475,000	159	13	$210	107.1%	145	1.1
Lower Greenville	$916,628	$826,250	84	7	$402	105.8%	46	0.9
M Streets	$936,386	$832,500	22	7	$385	102..0%	14	0.9
McKinney	$623,728	$580,000	332	12	$228	109.1%	317	1.1
Melissa	$548,695	$511,158	46	19	$210	107.3%	70	1.6
North Dallas	$1,339,229	$1,225,000	90	19	$283	104.6%	128	1.6
Oak Lawn	$526,024	$432,500	96	17	$275	103.7%	80	1.0
Old East Dallas	$618,601	$576,000	37	13	$259	105.7%	47	1.1
Plano	$623,738	$574,250	272	13	$297	109.3%	262	1.0
Preston Hollow	$1,764,540	$1,425,000	31	35	$326	103.3%	61	2.2
Prosper	$965,076	$933,000	80	25	$380	106.3%	163	2.1
Richardson	$536,470	$484,500	98	10	$203	108.0%	96	0.9
Southlake	$1,769,925	$1,500,000	47	12	$355	110.9%	62	1.5
The Colony	$569,670	$477,500	72	13	$233	107.1%	41	0.7
University Park	$2,194,846	$2,212,500	25	20	$564	106.4%	18	0.8
Uptown	$647,100	$629,450	18	20	$367	102.1%	13	0.8
Westlake	$3,037,589	$2,954,608	8	59	$467	99.0%	12	3.3
Collin County	$647,243	$575,518	1,484	14	$231	107.9%	1,795	1.3
Dallas County	$562,177	$399,900	2,358	15	$235	105.2%	2,576	1.2
Denton County	$589,531	$500,000	1,459	15	$222	106.7%	1,669	1.2
Rockwall County	$550,463	$451,000	217	19	$194	103.6%	387	1.7
Tarrant County	$457,814	$375,000	2,386	15	$199	104.4%	2,501	1.1

Current Statistics
Addison
Allen
Anna
Bluffview
Celina
Coppell
Downtown Dallas
Far North Dallas
Flower Mound
Frisco
Grapevine
Highland Park
Irving
Lakewood
Little Elm
Lower Greenville
M Streets
McKinney
Melissa
North Dallas
Oak Lawn
Old East Dallas
Plano
Preston Hollow
Prosper
Richardson
Southlake
The Colony
University Park
Uptown
Westlake
Collin County
Dallas County
Denton County
Rockwall County
Tarrant County

Average Sales Price
$545,000
$702,391
$424,479
$1,313,778
$824,159
$663,234
$605,400
$664,484
$747,324
$800,737
$588,113
$3,391,331
$481,230
$1,485,358
$500,647
$916,628
$936,386
$623,728
$548,695
$1,339,229
$526,024
$618,601
$623,738
$1,764,540
$965,076
$536,470
$1,769,925
$569,670
$2,194,846
$647,100
$3,037,589
$647,243
$562,177
$589,531
$550,463
$457,814

Median Sales Price
$461,500
$650,000
$417,450
$900,000
$700,000
$650,000
$391,000
$589,000
$664,500
$722,950
$594,500
$2,530,000
$422,500
$1,484,406
$475,000
$826,250
$832,500
$580,000
$511,158
$1,225,000
$432,500
$576,000
$574,250
$1,425,000
$933,000
$484,500
$1,500,000
$477,500
$2,212,500
$629,450
$2,954,608
$575,518
$399,900
$500,000
$451,000
$375,000

Homes Sold
10
120
74
9
86
37
15
143
100
298
44
13
146
26
159
84
22
332
46
90
96
37
272
31
80
98
47
72
25
18
8
1,484
2,358
1,459
217
2,386

Days on Market
5
12
10
26
16
8
24
14
12
18
8
11
18
12
13
7
7
12
19
19
17
13
13
35
25
10
12
13
20
20
59
14
15
15
19
15

Price per Square Foot
$249
$271
$191
$437
$257
$234
$427
$252
$247
$244
$235
$504
$208
$459
$210
$402
$385
$228
$210
$283
$275
$259
$297
$326
$380
$203
$355
$233
$564
$367
$467
$231
$235
$222
$194
$199

Percent of Original Price
106.9%
109.4%
104.2%
102.1%
104.4%
108.8%
102.6%
106.7%
108.6%
109.4%
105.4%
111.2%
105.8%
107.2%
107.1%
105.8%
102..0%
109.1%
107.3%
104.6%
103.7%
105.7%
109.3%
103.3%
106.3%
108.0%
110.9%
107.1%
106.4%
102.1%
99.0%
107.9%
105.2%
106.7%
103.6%
104.4%