December 2024 DFW Market Update & 2025 Outlook with Mosaic Realty Group
As we close out 2024, the Dallas-Fort Worth real estate market reflects both growth and stabilization across Collin, Denton, Tarrant, and Dallas counties. With notable trends in pricing, inventory, and time on the market, this analysis highlights the key changes from November to December and year-over-year (YoY) comparisons. Whether you’re considering buying, selling, or simply monitoring the market, these insights provide a clear picture of the current landscape.
Market Snapshot: Month-to-Month and Yearly Trends
Collin County
December 2024 Key Data:
Average List Price: $499,495 (+4.5% YoY, +4.0% MoM from $480,025 in November)
Median Price per Sq. Ft.: $209.67 (-0.3% YoY, +1.0% MoM from $207.57)
Inventory: 2.9 months (+0.9 YoY, -0.5 MoM from 3.4 months)
Days on Market: 63 days (+12 YoY, +12 MoM from 51 days)
Analysis: Collin County continues to see robust pricing growth, with the average list price showing a significant month-over-month increase. However, longer days on market signal that buyers are taking more time to make decisions, providing a balanced environment for both parties.
Denton County
December 2024 Key Data:
Average List Price: $470,095 (+4.5% YoY, +2.2% MoM from $460,000)
Median Price per Sq. Ft.: $204.19 (+2.4% YoY, -1.3% MoM from $206.81)
Inventory: 2.9 months (+0.9 YoY, -0.5 MoM from 3.4 months)
Days on Market: 60 days (+4 YoY, +1 MoM from 59 days)
Analysis: Denton County remains a seller’s market with steady growth in list prices. However, the slight drop in price per square foot month-over-month suggests improved affordability for buyers, creating a more competitive landscape.
Tarrant County
December 2024 Key Data:
Average List Price: $350,000 (+3.9% YoY, -1.6% MoM from $355,832)
Median Price per Sq. Ft.: $182.93 (+0.4% YoY, -0.6% MoM from $184.03)
Inventory: 2.8 months (+0.6 YoY, -0.7 MoM from 3.5 months)
Days on Market: 58 days (+8 YoY, +5 MoM from 53 days)
Analysis: Tarrant County offers a stable market with moderate pricing adjustments month-over-month. Buyers are gaining more leverage as inventory slightly expands and days on market increase.
Dallas County
December 2024 Key Data:
Average List Price: $365,000 (+2.8% YoY, +1.4% MoM from $360,000)
Median Price per Sq. Ft.: $204.31 (+1.3% YoY, +0.04% MoM from $204.22)
Inventory: 3.2 months (+0.9 YoY, -0.7 MoM from 3.9 months)
Days on Market: 55 days (+11 YoY, +6 MoM from 49 days)
Analysis: With a modest increase in list prices and reduced inventory from November, Dallas County’s market favors sellers slightly more. However, the extended days on market continue to present opportunities for motivated buyers.
Market Trends at a Glance
Year-over-Year Highlights (December 2024 vs. December 2023)
Average List Price: All counties experienced YoY increases, with Collin and Denton showing the highest growth at +4.5%.
Median Price per Sq. Ft.: Minimal YoY changes, reflecting a market that is stabilizing.
Inventory: Across the board, inventory levels are higher YoY, with Dallas County leading at +0.9 months.
Days on Market: Homes are staying on the market longer YoY, with increases ranging from +4 days in Denton to +12 days in Collin.
Month-to-Month Insights (November 2024 to December 2024)
List Prices: Moderate price increases in Dallas, Denton, and Collin counties, while Tarrant County saw a slight dip.
Inventory: Seasonal trends contributed to declining inventory levels across all counties from November to December.
Days on Market: Homes are taking longer to sell in December, typical for the holiday season, with the most notable increase in Collin County (+12 days).
What These Trends Mean for You
For Buyers
Opportunities: Longer days on market and higher inventory compared to last year provide greater flexibility in negotiations.
Strategic Counties: Denton County offers improved affordability with a slight dip in price per square foot.
For Sellers
Challenges: With rising days on market, pricing competitively and highlighting unique property features are critical to attract serious buyers.
Key Areas: Collin and Dallas counties’ steady price growth offer strong potential for maximizing your home’s value.
Looking Ahead to 2025
As we move into the new year, the DFW real estate market is expected to maintain a balanced trajectory. While the seasonal slowdown of December has brought some cooling, the steady price growth YoY signals continued demand and stability.
At Mosaic Realty Group, our team is dedicated to providing personalized market insights to help you navigate these trends confidently. Whether you’re buying your first home, upgrading, or selling, we’re here to support your goals every step of the way.
📩 Contact us at team@homewithmosaic.com for a tailored market analysis or to explore your real estate options.
