Mediterranean Style Homes for Sale in Dallas, TX | ZeroDown (2024)

FAQs

How much does a Mediterranean-style home cost? ›

Building a Mediterranean-style house costs anywhere between $350,000+ to more than a million dollars. The wide range in cost is, of course, due to the variety of factors it takes to build a home, including materials, laborers, seasonality, and location of the house.

With ties to historic European architecture, Mediterranean-style homes are reminiscent of sun-soaked, seaside locales. The elegant exteriors often feature red roof tiles, stucco walls, arches, and enclosed outdoor spaces.

Also, while the Dallas-Fort Worth-Arlington metro has seen home prices rise slightly since January 2022, Zillow's forecast for 2023 remains negative. Experts predict that home values ​​in the DFW metro will fall by 0.5% until recovering shortly after January 2024.

Dallas, TX housing market

The median listing home price in Dallas, TX was $477.1K in May 2024, trending down -4.4% year-over-year. The median listing home price per square foot was $270. The median home sold price was $435K.

On a per-square-foot basis, pole barn houses and barndominiums are the most affordable at around $50 to $160 per square foot. Other inexpensive home types include modular homes, tiny homes, shipping container homes, and standard one-story ranch homes.

Mediterranean-style homes are almost always white or cream-colored stucco with a red or brown tile roof. Recessed windows and doors with abundant outdoor spaces protected from the sun are typical.

And while home prices are projected to fluctuate statewide depending on the region (for example, the DFW area saw sharp declines in new home pricing during 2023), the overall market remains strong. Instead of bottoming out, overall home prices are expected to rise slightly by the end of 2024.

The key is balancing inventory with home prices, as summertime in Dallas is when the market begins to constrict and prices level off. Historically, between November and January, you'll find the best listing prices but fewer homes for sale in Dallas.

Dallas's median sale price is 15% higher than the national average. Overall cost of living in Dallas is 2% higher than the national average. Learn which home features in Dallas add value to a home.

Dallasites need to make a $44.12 hourly wage to lead a comfortable lifestyle and avoid living paycheck to paycheck, says the report, which analyzed 99 major U.S. cities. The 2024 report also found that for a Dallas-based family of four, the total combined income needed to live a secure lifestyle is currently $208,000.

What income do you need to buy a house in Dallas? ›

The data looked at the nationwide trend of home prices outpacing income gains over the last four years. DALLAS — Home buyers need to earn an income of $121,398 to comfortably afford a mortgage in North Texas, about $53,000 more than they needed in 2020, according to new data from Zillow.

Not only can you earn regular rental income, but your property's value is also likely to increase over time. This makes Dallas a great choice for both people new to real estate investment and those with more experience.

Beach Houses and Mediterranean-style homes are the most expensive in the U.S. and are often found on prime land close to the ocean. Large windows and balconies accentuate the use of natural light, which adds a feeling of luxury and simplicity to a home.

The cost to build a contemporary home varies depending on the location of your home, the cost of labor where you live, the quality of the materials you choose, and your desired square footage. But one thing is certain: building a contemporary home is more expensive than building a traditional one.

Spanish homes — with stucco walls, tile roofs and bright tiles — are complemented by organic reds and greens. Mediterranean homes, influenced by Spain and other south European countries, boast plaster walls, balconies and fountains, which shine next to earthy reds and browns, mid-tone blue-greens, and dark grays.

Class 1: Luxury Home - The construction cost per square foot for a luxury residence in California with high quality material specifications (floor, walls, ceiling and roof, internal fixtures, sanitary fittings and amenities) with the average being $600 per sqft.