Market report.
What is happening in the Dallas urban core condo and townhome market right now. Updated regularly with current conditions and trends.
The Dallas urban core condo and townhome market continues to reflect the broader dynamics of a city that is growing but also adapting to higher interest rates and shifting buyer priorities. In the neighborhoods I work, Uptown, Oak Lawn, East Dallas, and North Oak Cliff, the market has remained active, but the days of multiple offers on every unit are behind us for now.
Inventory has increased compared to the peak of 2022 and 2023, which is giving buyers more options and more negotiating leverage. Sellers who price correctly and present their property well are still moving units, but properties that are overpriced or have HOA red flags are sitting longer.
Interest rates have cooled some of the frenzy, but the urban core remains attractive to buyers who value walkability, proximity to downtown, and low-maintenance living. These are lifestyle-driven purchases, and that demand has not gone away.
What I am seeing on the ground.
Uptown
Condo inventory has grown, especially in the mid-range buildings. Well-priced units in well-managed buildings are still moving. Older buildings with deferred maintenance or weak reserves are taking longer. Buyers are asking more questions about HOA health than they were two years ago, which is a good thing.
Oak Lawn
Townhomes in Oak Lawn remain popular, particularly for buyers who want more space than a condo without leaving the neighborhood. Prices have held steady. High-rise condos are more selective, with buyers paying close attention to the building's financials and amenity packages.
East Dallas
Demand for single-family homes near White Rock Lake remains strong. Historic homes in the M Streets continue to command a premium. Newer townhome construction is filling in gaps in the market, providing options for buyers who want the neighborhood without the maintenance of an older home.
North Oak Cliff
Still one of the more undervalued pockets in the urban core. Properties near Bishop Arts are appreciating, and the area continues to attract buyers who want character and walkability without the Uptown price tag. Timing matters here more than almost anywhere else.
Typical range: $200,000 to $2,000,000.
$200,000 - $400,000
One-bedroom condos in older and mid-range buildings. Entry-level townhomes in some areas. Good for first-time buyers and investors.
$400,000 - $750,000
Two-bedroom condos in well-managed buildings. Updated townhomes in prime locations. The most active segment of the market.
$750,000 - $2,000,000+
Premium units in newer high-rises, penthouse-level properties, and luxury townhomes. Selective market with buyers who expect quality.