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New homes cheaper than existing ones in DFW
With low inventory and high rates, it’s a good time to buy a new home
Prices of existing homes in Dallas-Fort Worth are higher than newly built homes, a rare occurrence that highlights how much the market has changed since last year.
The median price of a new home in DFW dropped 6 percent from roughly $423,000 in June 2022 to $398,000 in June 2023. Simultaneously, existing home prices climbed 9 percent since the start of this year to a median of $410,000 in June, the Dallas Morning News reported, citing a study by housing consultant Residential Strategies.
This anomaly is driven by low housing inventory. While plenty of would-be buyers are refraining from house hunting amid high interest rates and economic uncertainties, a lack of options has led to a surge in demand among those who are on the hunt for new digs. Thus, the imbalance of supply and demand has forced sellers to elevate prices, Residential Strategies principal Ted Wilson told the outlet.
Builders, however, are reaching into their bag of tricks to keep prices of newly constructed homes relatively low, offering discounts and incentives. One tactic to reduce prices is rate buy-downs, which allows builders to pay a portion of a home’s cost upfront to lower the interest rate, essentially discounting the property without changing the asking price.
Plus, builders are focusing on smaller, less expensive projects to create a more affordable product. As of June, about 66 percent of homes on the market in DFW were on lots smaller than 60 feet wide, up from 41 percent almost a decade prior.
Friendlier price tags have also led to a disparity in sales between new and existing homes. Last quarter, builders in the region sold 14,397 new homes, marking a 4.7 percent increase year-over-year. However, 8,750 existing single-family homes were sold in June, which was down 4 percent from June 2022.
—Quinn Donoghue
#DallasRealEstate #DFWHousingMarket #HousingTrends #ResidentialStrategies #HomePrices #HousingInventory #SupplyDemand #BuildersTactics #RateBuyDowns #AffordableHousing #HousingSales #NewVsExistingHomes #EconomicTrends #DFWHomePrices #MarketAnomalies #RealEstateNews
DFW
MLS# 21387581 - Built by Starlight Homes - Oct 2026 completion! ~ Brand new single-family home, 2,722 sq ft, 5 bedrooms, 3 full baths, 2 living spaces, and 1 dining area....
- 5 Beds
- 3 Baths
- 21387581 MLS
Contemporary design and elevated finishes define this stunning West Dallas residence. This thoughtfully designed home offers 4 bedrooms, 3 full baths, an office, 2 laundr...
- 4 Beds
- 4 Baths
- 21385004 MLS
MLS# 21387073 - Built by Starlight Homes - Ready Now! ~ Brand NEW single - family home in Cattleman's Crossing (in the highly sought after Northwest ISD). 1,636 sq ft, tr...
- 3 Beds
- 2 Baths
- 21387073 MLS
New construction thoughtfully designed with timeless architecture, natural materials, and elevated details throughout. A series of graceful arched openings creates a stri...
- 5 Beds
- 6 Baths
- 21374070 MLS
Built by M-I Homes. Welcome to 12660 Poplar Creek Drive, Fort Worth, Texas — a new construction single-story home built by MI Homes. This Quick Move-In home offers though...
- 4 Beds
- 3 Baths
- 21386999 MLS
Built by MI Homes. Welcome to 12652 Poplar Creek Drive, Fort Worth, Texas — a stunning new construction home built by MI Homes. This 2-story home offers thoughtfully desi...
- 4 Beds
- 5 Baths
- 21386929 MLS
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- 4 Beds
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- 21348506 MLS
Gorgeous New Home Built by D.R. Horton in the New Phase of their Master Planned Community Trails of Elizabeth Creek in Northwest ISD! Spacious open concept 1.5-Story 4 Be...
- 4 Beds
- 2 Baths
- 21384175 MLS
Gorgeous New Home Built by D.R. Horton in the New Phase of their Master Planned Community Trails of Elizabeth Creek in Northwest ISD! Spacious open concept Single Story 4...
- 4 Beds
- 2 Baths
- 21384105 MLS
Gorgeous New Home Built by D.R. Horton in the New Phase of their Master Planned Community of Trails of Elizabeth Creek in Northwest ISD!!! Spacious open concept Single St...
- 4 Beds
- 2 Baths
- 21384066 MLS
Gorgeous New Home Built by D.R. Horton in the New Phase of their Master Planned Community Trails of Elizabeth Creek in Northwest ISD!!! Spacious open concept Single Story...
- 4 Beds
- 2 Baths
- 21384085 MLS
Beautiful Move-in READY new construction home in the heart of Dallas, just minutes from the vibrant Bishop Arts District and Downtown Dallas. This beautifully crafted res...
- 4 Beds
- 3 Baths
- 21386627 MLS
Beautiful MOVE-IN ready new construction home in the heart of Dallas, just minutes away from the vibrant Bishop Arts District, Halperin Park and Downtown Dallas. This bea...
- 5 Beds
- 3 Baths
- 21386582 MLS
Brand new and move in ready, this thoughtfully designed home sits just minutes from Downtown Dallas! From the moment you enter you are greeted with an open floor plan...
- 3 Beds
- 3 Baths
- 21384705 MLS
Stunning new construction within 15mins of Downtown Dallas! This gorgeous, modern design single-story features 4 beds, 2 baths and a spacious open-concept with sleek kitc...
- 4 Beds
- 2 Baths
- 21385684 MLS
NEW! NEVER LIVED IN! Ready November 2026! This Bloomfield Magnolia II features 5 bedrooms, 4 baths, and a 2-car garage in the amenity rich community of Wildflower Ranch. ...
- 5 Beds
- 4 Baths
- 21384520 MLS
Built by MI Homes. Come home to comfort and style at 12633 Pallesen Street, Fort Worth, Texas — a stunning new construction home offering thoughtfully designed living spa...
- 5 Beds
- 5 Baths
- 21372304 MLS
MLS# 21385203 - Built by HistoryMaker Homes - Nov 2026 completion! ~ *** CHOOSE YOUR RATE AS LOW AS 2.99% UNTIL 9-13-26. Ask for details on qualifying homes and available...
- 5 Beds
- 4 Baths
- 21385203 MLS
Built by M-I Homes. Your next chapter begins at 12625 Pallesen Street, Fort Worth, Texas — a beautifully designed new construction single-story home built by M-I Homes. T...
- 4 Beds
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- 21383184 MLS
Welcome home to contemporary architecture thoughtfully designed for your elevated comfort and everyday living. Located in the heart of Trinity Groves, this brand-new 3-st...
- 5 Beds
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- 21363771 MLS
Modern design meets one of Dallas' most connected neighborhoods at 4624 Weldon Street. This new construction residences offer approximately 2,603 square feet with three b...
- 3 Beds
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- 21376564 MLS
Welcome to this extraordinary custom home with timeless appeal, impeccable finishes, and performance details in Fort Worth's best hidden gem neighborhood for luxury count...
- 5 Beds
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- 21384732 MLS
Exquisite new construction in Oak Cliff! This beautifully designed modern farmhouse 2 story home offers 5 beds, 4 full baths, a dedicated office, and a thoughtfully desig...
- 5 Beds
- 4 Baths
- 21383900 MLS
Exquisite new construction in Oak Cliff! This beautifully designed modern farmhouse 2 story home offers 5 beds, 4 full baths, a dedicated office, and a thoughtfully desig...
- 5 Beds
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- 21384215 MLS
MLS# 21384786 - Built by HistoryMaker Homes - Nov 2026 completion! ~ ***CHOOSE YOUR RATE AS LOW AS 2.99% This exclusive offer is valid through September 13, 2026. Ask for...
- 4 Beds
- 4 Baths
- 21384786 MLS
Love where you live in Sycamore Landing in Fort Worth, TX! Now featuring Legend’s NEW Smart Home package and Signature Design Collection! The Tivoli floor plan is a spaci...
- 4 Beds
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- 21384743 MLS
Love where you live in Sycamore Landing in Fort Worth, TX! Now featuring Legend’s NEW Smart Home package and Signature Design Collection! The Aspen floorplan is a charmin...
- 3 Beds
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- 21384722 MLS
A striking modern Mediterranean façade sets the tone for this exceptional new construction residence by SDG Home Concepts in Greenway Crest. Smooth stucco, graceful arche...
- 4 Beds
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- 21374881 MLS
Settle into a New home in Wellington where thoughtful design, natural light, and versatile spaces come together beautifully. The Belmont plan offers 4 bedrooms, 3 baths, ...
- 4 Beds
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- 21384650 MLS
MLS# 21384649 - Built by HistoryMaker Homes - December 2026 completion ~ This open floor plan home is on a 50 - foot - wide lot. Great curb appeal with the beautiful bric...
- 4 Beds
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- 21384649 MLS
Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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