DFW Real Estate Market Update — October 2024

Published by Adam Nelson | Adam Nelson Realty | Dallas, TX

Happy October! Adam just returned from trekking through 4.5 countries in Europe — a friend's wedding and an extended adventure with one of his closest friends. Trip of a lifetime. But he's back, and immediately back to work with some great clients across DFW.

And the timing is good: while he was away, mortgage rates dropped. Here's where things stand right now:

• 30-year fixed-rate mortgage: 6.08%

• 15-year fixed-rate mortgage: 5.16%

If finances have been the reason you've been holding off on a sale or purchase, now is a very good time to take a closer look. The math has changed meaningfully from where rates were six months ago. Text Adam to set up a time to talk: (817) 253-9607.

— Adam Nelson, Your REALTOR® for Life 📞 (817) 253-9607

🏡 DFW Real Estate Market Snapshot — October 2024

• Months of Inventory: 4.7 months (up 31% vs. one year ago)

• Average Days on Market: 56 days (up 24% vs. one year ago)

• Sales Price vs. Original List Price: 96.1% on average (down 1% vs. one year ago)

What this means: Inventory is up 31% year-over-year and homes are taking nearly a month longer to sell than they were at this time last year. For buyers, that's a fundamentally different market — more choices, more negotiating room, and less pressure to rush. For sellers, preparation and pricing still determine outcomes: two of Adam's listings went under contract in just 6 days each this month.

🔑 Currently for Sale — Listed by Adam Nelson Realty

Medical District — West Highland Park, Dallas

5370 Holland Ave, Dallas, TX $858,500 · 4 bed / 3 bath · 2,006 sq ft · Built 2019

Recently renovated kitchen, multiple outdoor living areas, extended loft, downstairs office, and a massive primary suite. A standout entertaining home in West Highland Park.

Old East Dallas — Belmont Park

4805 Mannett St #103, Dallas, TX $520,000 · 2 bed / 3 bath · 1,622 sq ft · Built 2019 · HOA: $295/month

Near all the restaurants and happenings of Fitzhugh in Belmont Park — just 2 minutes from Knox-Henderson, Greenville, Oaklawn, Turtle Creek, and Old East Dallas. Rooftop patio deck and a 2-car garage. Hard to beat the HOA rate in this part of Dallas.

Southside — Fort Worth (Investor Opportunity)

2709 Hemphill St, Fort Worth, TX $550,000 · Quadplex · 8 bed / 4 bath · 3,300 sq ft · Built 1932

Calling investors! This four-plex in Fort Worth's Southside neighborhood is ready for its new owner to finish renovations and get to renting. Strong bones, great location, real upside.

Contact Adam for details on any of the above: (817) 253-9607

🔄 Currently Under Contract — Listed by Adam Nelson Realty

Old East Dallas

5619 Worth St, Dallas, TX $749,000 · 4 bed / 3 bath · 2,232 sq ft · Built 1950 Under contract in just 6 days.

West Arlington

7000 Hawaii Ln, Arlington, TX $360,000 · 4 bed / 3 bath · 2,393 sq ft · Built 1986 Under contract in just 6 days.

Lake Highlands — Dallas

11904 Leisure Dr, Dallas, TX $249,000 · 3 bed / 3 bath · 1,564 sq ft · Built 1974 · HOA: $320/month

🔄 Currently Under Contract — Buyer Represented by Adam Nelson Realty

Old East Dallas

4677 Junius St, Dallas, TX $789,900 · 4 bed / 3 bath · 2,775 sq ft · Built 1986

Recently Closed — Buyer Represented by Adam Nelson Realty

Benbrook / Southwest Fort Worth 1030 Kane St $255,000 · 3 bed / 2 bath · 1,536 sq ft · Built 1978

🎃 5th Annual ANR Pumpkin Carving Contest

Sunday, October 20th at 2pm Union Coffee — 3705 Cedar Springs Rd, Dallas, TX

Join Adam on the lawn at Union Coffee for an afternoon of pumpkin carving with friends. All supplies provided. Prizes for 1st, 2nd, and 3rd place. This event has been a community favorite for five years running — come carve something great.

Interested in buying, selling, or investing in the DFW area? Reach out to Adam directly.

📞 (817) 253-9607 🌐 adamnelsonrealty.com 📅 Schedule a call with Adam