Dallas is known for its lower cost of living compared to other big cities, making it an attractive place to live. Redfin (October 2023) stated that home prices skyrocketed 6.3% in the past year, with a median sales figure of $420,000. Prices are expected to increase in the coming months. Nearly 36,000 homes were sold in the last 3 years, with an average time on the market of 32 to 48 days. Dallas has something for everyone, with luxurious neighborhoods like Preston Hollow, urban and thriving communities in Deep Ellum, and family-friendly places like Lake Highlands. Choosing the right fit for you will be easy with the help of one of these top-rated Realtors.