Is Now the Right Time to Buy in Uptown Dallas? A Real Look at Condos and Townhomes

I’ve always believed that real estate isn’t just about numbers, it’s about the stories those numbers tell. Recently, I dug into the stats for condos and townhomes in Uptown Dallas, and what I found made me pause. 

The market is shifting in ways that can feel confusing at first glance, but when you peel back the layers, it starts to make sense. And if you’re thinking about buying in Uptown, this is something you’ll want to understand before making your move.

If you’d like a more detailed visual walkthrough of this update, you can also check out the Templeton Team video on YouTube, which expands on these market numbers and shows what’s really happening in Uptown right now.

What’s Really Happening in Uptown Right Now

Let me take you behind the curtain of what’s unfolding in Uptown Dallas. When I pulled the numbers, I wasn’t just looking for data points, I wanted to know what kind of market buyers and sellers are actually living through today. And what I found is a market with some unique dynamics that you don’t want to ignore.

1. Inventory Is Outpacing Buyers

Imagine walking into a store where shelves are fully stocked, but only a handful of people are shopping. That’s what Uptown feels like for condos and townhomes right now. In the $400,000 to $650,000 price range, an entry point for many young professionals and first-time buyers, there are about 100 active listings. Last week, only three sold. At that pace, it would take roughly three years to clear out the current inventory.

And this isn’t a one-week fluke. I looked back four months, and the pattern held steady - about three sales a week. That consistency tells us this isn’t just a seasonal slowdown. It’s a sign of a market where supply is ahead of demand, at least for now.

For buyers, this means there’s more choice than usual. For sellers, it’s a reminder that pricing and presentation matter more than ever.

2. Expired Listings Are Piling Up

Here’s where things get even more telling. Over the last 90 days, 50 listings in Uptown expired without selling. That means those homeowners tried to find a buyer, didn’t succeed, and eventually pulled their homes off the market. Add those to the 100 active listings, and you’ve got about 150 properties circulating over the past few months, all while sales are trickling along at three per week.

Think about that. Sellers went through the effort of listing, staging, and showing their homes, only to end up pulling them back when buyers didn’t bite. This shows how many owners are entering the market with expectations that don’t line up with what buyers are willing to pay. It’s not that their homes were bad; they just weren’t positioned right in a market that’s already crowded.

3. The “Beauty Contest” and Price War

When buyers have plenty of options, every listing competes in what I like to call the “beauty contest” and the “price war.” Sellers have to ask themselves: Am I the next one in line to be chosen? Am I priced attractively enough? Do I show well compared to the others?

This is where presentation really makes a difference. Two townhomes can have similar square footage and location, but if one has professional photos, updated finishes, and a price aligned with the market, it’s going to outshine the other.

And in a market like Uptown’s, being average won’t cut it. Buyers are comparing side by side, and they’ll gravitate toward the home that feels like the best value. Sellers who don’t adapt get passed over, and their days-on-market number keeps climbing.

4. Buyers Have Negotiating Power

This is the silver lining for buyers. When sellers are facing months on the market, or worse, the risk of expiring unsold, they’re often more open to negotiation. That can mean reduced prices, closing cost contributions, or favorable terms you wouldn’t see in a hotter market.

For example, some buyers are negotiating for seller-paid repairs, upgraded appliances, or even extended closing timelines. These aren’t perks you typically get when homes are flying off the market with multiple offers. In Uptown right now, however, buyers have leverage they can use to their advantage.

It’s not just about saving money, it’s about peace of mind, too. Buyers can secure terms that make the entire process smoother and less stressful.

What This Means If You’re Thinking About Buying

The numbers don’t lie: Uptown’s condo and townhome market is moving more slowly than other pockets of Dallas. That doesn’t mean it’s a bad time to buy. In fact, for buyers willing to be strategic, it could be one of the best times. You might be able to land a home with terms that lean in your favor, something that’s harder to do in neighborhoods still buzzing with multiple offers.

At Templeton Real Estate Group, we’ve seen how understanding these patterns can change the game for both buyers and sellers. If you’re exploring Uptown or anywhere in the Dallas–Fort Worth area, our team can walk you through these shifts, help you identify motivated sellers, and make sure you position yourself to win in today’s market.

Buying a home isn’t just about timing, it’s about matching your story with the right moment in the market. And right now, Uptown Dallas might just be offering that moment for you.