Real Estate » 10 Cities » Median Home Price Buys In Dallas
Trying to find a home in the city of Dallas at the median price "is tough," says Patricia Szot, immediate past president of the MetroTex Association of Realtors. "There are a lot of older homes and a lot of very pricey homes -- well over the median."
What a buyer can find: a two-bedroom condo or town house. "It would probably be from the 1960s" and need some renovation or updating, Szot says.
Listed by: Ebby Halliday Realtors (Southwest Dallas and Ellis County).
But travel to bedroom communities such as Richardson, and "it's pretty realistic for buyers who are looking for something to fix up or upgrade," she says. They'll likely find three-bedroom, two-bath homes with 1,700 to 1,800 square feet built anywhere from the 1960s to the 1980s, she says.
Buyers wanting newer median-priced homes can drive a little farther to communities such as Wylie and find places with larger yards and more square footage, Szot says. While a buyer can still pick up a three-bedroom, two-bath, it would offer 2,100 to 2,200 square feet and include some sort of bonus room -- and lots are typically half an acre or larger, she adds.
*Source: National Association of Realtors, fall 2011.
More On Home Prices:
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
Feeling lost in the mortgage wilderness?