By Wayne Wallace, SVP of Mortgage Solutions, Homewood Mortgage. Published October 23, 2026.
If you’ve been watching the Dallas County housing market and wondering whether to make a move, you’re not alone. The headlines swing between “buyer’s market” and “tight inventory,” and the truth, as usual, is somewhere in the middle. Here’s what the most recent local data shows and what it can mean for your next step.
The Dallas County numbers at a glance
NTREIS MLS data for September 2026, compiled by TX Roots Global Real Estate, shows a market that is steady rather than dramatic:
- Median sales price: $359,900, up 1.0% from September 2025
- Homes for sale: 7,820, down 9.8% year over year, roughly 4.9 months of supply
- Median days on market: 51, down from 55 a year earlier
- Closed sales: 1,481, down 8.0% year over year
- New listings: 2,749, down 6.8%
- Sale price vs. original list price: about 93.8%
Year to date, the median price sits slightly below last year’s pace, and closed sales are down about 3%.
What this means for buyers
Months of supply near five is generally viewed as a more balanced market than the tight conditions of a few years ago. Homes selling for roughly 94% of original list price suggests there is often room to negotiate, whether on price, repairs or closing-cost help. Local agents quoted by D Magazine describe the DFW market as “hyper-local,” varying neighborhood by neighborhood, and say many sellers are cutting prices or offering concessions. Some builders in the northern suburbs are also offering incentives.
The practical takeaway: do your homework on the specific neighborhood, and get your financing lined up early so you can act when the right home appears.
What this means for sellers
With homes taking around 51 days to sell on average, pricing accurately from the start matters more than ever. Agents interviewed by D Magazine say the single most important step for sellers right now is getting the price right the first time. If you’re thinking about selling, talk with a local agent about comparable sales on your street, not just county-wide averages.
A home worth a look: 10011 Lennox Lane, Old Preston Hollow
At the high end, Candy’s Dirt recently reported on a newly built estate at 10011 Lennox Ln., Dallas 75229, listed at $12.895 million. The roughly 11,460-square-foot home sits on 1.5 acres and features a great room with 26-foot ceilings, a first-floor primary suite with a sauna, a heated pool and spa, a putting green, a pickleball court, an elevator and a four-car garage with EV chargers. Susie Thompson of Allie Beth Allman & Associates holds the listing. Availability and price may have changed, so check with the listing brokerage. We feature it purely as a snapshot of what’s on the market in Dallas County right now.
The national rate and financial backdrop
Mortgage rates have stayed elevated for several weeks, and recent weekly surveys describe them as little changed. Warmer-than-expected inflation reports this week kept attention on the Federal Reserve. On Wall Street, the week ending October 16 was rocky: the Nasdaq fell 4.5% as AI and chip stocks sold off on debt and valuation worries, the S&P 500 slipped about 2%, and the Dow gained 0.7%. Treasury yields moved higher after the inflation data before easing, and oil prices rose on Middle East supply concerns (Yahoo Finance, Oct. 16, 2026).
None of this tells you what to do with your own plans. It simply explains why borrowing costs remain a hot topic. Rates vary by borrower and loan type, and the best next step is a conversation about your own numbers.
Mortgage spotlight: first-time buyer and low-down-payment options
With buyers finding a bit more negotiating room, one of the most common questions I hear is: “Do I need 20% down?” The answer is no. Several options let qualified buyers purchase with less cash up front:
- FHA loans allow a minimum down payment of 3.5%.
- Certain conventional programs are designed for lower down payments.
- Seller concessions, where negotiated, may help with closing costs.
The trade-off: a smaller down payment generally means a larger loan balance and may include mortgage insurance. I’ll compare the total monthly cost of different options side by side so you can choose with confidence. Programs, terms and eligibility vary and are subject to credit and property approval.
Around Dallas County this weekend
Dallas County has plenty of free fall fun on tap:
- Main Street Fest, Downtown Grand Prairie (300 W. Main St.): Friday 5 p.m. to midnight, Saturday 10 a.m. to midnight, Sunday noon to 8 p.m. Free admission and parking.
- Eerie Irving, Trinity View Park (2221 E State Hwy 356, Irving): Saturday, October 24, 6 to 10 p.m. Free, with a haunted walk-through and a gentler carnival option.
- Trick-or-Treating in the Park, Klyde Warren Park, Dallas: Saturday, October 24, about 5 to 9 p.m. Free. Check the park’s site for the final schedule.
And for a little fun: October 24 is both National Food Day and National Bologna Day. Sources for event details: City of Grand Prairie, City of Irving, Klyde Warren Park and DFW Child. Please confirm times before you go.
Thinking about your next move?
Whether you’re buying, selling or refinancing in Dallas County, I’m happy to look at your numbers and talk through your options with no pressure. Call or text 945-300-4644, visit wayne-wallace.com, or grab my digital card at go.wayne-wallace.com. If I’ve helped you, I’d appreciate a Google review.
Sources: TX Roots Global RE / NTREIS · D Magazine · Candy’s Dirt · Yahoo Finance · City of Grand Prairie · City of Irving · Klyde Warren Park · National Day Calendar
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Homewood Mortgage, LLC | NMLS #294974 | Wayne Wallace NMLS #745186 | Licensed in Texas | This is not a commitment to lend. Equal Housing Opportunity. All loan products are subject to credit and property approval. This content is for informational purposes only and is not financial or investment advice.