Dallas Luxury Real Estate Market 2026
Dallas luxury real estate in early 2026 continues to demonstrate exceptional strength and resilience. For the second consecutive year, Dallas–Fort Worth has been recognized as the nation’s leading market to watch by PwC and the Urban Land Institute in Emerging Trends in Real Estate 2026. Building upon a landmark 2025—during which Allie Beth Allman & Associates surpassed $4 billion in sales, highlighted by Dallas’s record-setting $30.5 million residential transaction—the luxury sector advances with sustained momentum.
Moderating interest rates, continued corporate relocations, and discerning demand for turnkey estates—often offering five to seven-plus bedrooms, resort-caliber pools, and gated privacy—are contributing to measured appreciation of approximately 2–4% within the city’s most sought-after enclaves.
Equally significant is the continued influence of private, off-market transactions, which comprise an estimated 20–30% of ultra-luxury activity. These discreet, relationship-driven exchanges provide elevated confidentiality, strategic positioning, and privileged access to exceptional properties—often well before they are introduced to the public marketplace.
Premier Dallas Neighborhoods
Highland Park — Widely regarded as the gold standard of Dallas luxury living. Median values typically range from approximately $2.8 million to $4.1 million, with premier estates exceeding $25 million. Renowned for its elite schools, proximity to Highland Park Village, and architecturally significant residences, the area’s limited inventory continues to drive accelerated absorption and projected annual appreciation of approximately 3–4%.
University Park — A distinguished blend of historic charm and academic excellence. With median values near $3.7 million, the neighborhood offers walkability, enduring architectural appeal, and a strong family-oriented environment. Consistent demand supports measured annual appreciation in the range of 2–3%.
Preston Hollow — Celebrated for its expansive gated estates and substantial lot sizes, Preston Hollow offers properties ranging from approximately $2.5 million to beyond $30 million, with median values near $3.6 million. While inventory levels are comparatively broader, thoughtfully renovated and architecturally refined homes continue to command strong pricing, with projected gains of 1–2% annually.
Oak Lawn & Turtle Creek — Defined by urban sophistication and proximity to cultural institutions, fine dining, and the arts. Luxury condominiums and townhomes in Turtle Creek average approximately $1.85 million. Stable demand and lifestyle-driven appeal contribute to steady appreciation of roughly 1–2% per year.
Uptown — A dynamic hub favored by professionals seeking walkability and vibrant city living. Luxury condominium residences generally begin at $1.5 million and above. Continued development and infrastructure investment are expected to support approximately 2% annual growth.
M Streets (Greenland Hills) — An East Dallas enclave admired for its revitalized historic architecture and pedestrian-friendly charm. Updated and expanded bungalows typically range from $2 million to $3 million. Strong neighborhood identity and lifestyle appeal continue to drive annual appreciation in the range of 1–2%.
Dallas–Fort Worth’s robust economic expansion, corporate relocations, and sustained population growth position the luxury housing market for projected overall gains of approximately 2–3% in 2026. Constrained supply in Highland Park, University Park, and Preston Hollow underscores long-term value stability, while emerging inventory in Uptown and Turtle Creek presents compelling acquisition opportunities.
For those considering their next move, Bill Stegeman and Scott Gill of the Stegeman/Gill Group at Allie Beth Allman & Associates offer decades of experience navigating both discreet off-market transactions and competitive open-market acquisitions. We invite you to connect with us for bespoke counsel and privileged access to Dallas’s most exceptional residences—where your next chapter begins with distinction.
FAQs:
What defines luxury real estate in Dallas in 2026?
In today’s market, luxury properties in Dallas typically begin at $1.5–$2 million and above. These distinguished residences are characterized by expansive estates, bespoke architectural detailing, designer finishes, resort-caliber amenities, and premier locations within prestigious enclaves such as Highland Park, Preston Hollow, and University Park.
Why are off-market transactions so important in this segment?
Off-market sales represent an estimated 20–30% of Dallas’s most notable luxury transactions. These discreet opportunities afford clients heightened privacy, reduced competition, and privileged early access to exceptional properties not publicly offered—often securing the finest residences before they reach the open market.
Which neighborhoods are best suited for luxury-focused clients?
Highland Park and University Park remain perennial favorites, offering exemplary schools, established prestige, and a strong sense of community. Preston Hollow is highly regarded for its expansive lots, architectural distinction, and enhanced privacy—appealing to those who value both space and seclusion.
Is 2026 an advantageous time to acquire luxury property in Dallas?
Current market conditions present compelling opportunities. Stabilizing interest rates, sustained demand from qualified buyers, and measured appreciation trends create a favorable environment—particularly for newly constructed or move-in-ready homes that meet modern lifestyle expectations.
How can buyers gain access to off-market opportunities in Highland Park or Preston Hollow?
Engaging experienced luxury specialists with deep-rooted local networks is essential. Through trusted relationships and longstanding market presence, seasoned advisors provide access to exclusive, unlisted properties that are otherwise unavailable to the public.
What distinguishes the Stegeman/Gill Group?
The Stegeman/Gill Group offers a rare combination of nuanced market intelligence, exceptional responsiveness, strategic negotiation expertise, and seamless execution across both private off-market and public transactions. With comprehensive knowledge of Dallas’s most prestigious neighborhoods, they deliver highly personalized counsel tailored to the needs of discerning clientele.
We welcome the opportunity to serve as your trusted advisors. Contact Bill Stegeman and Scott Gill for bespoke guidance and discreet access to Dallas’s most exceptional properties.
