Dallas, TX 75204 Real Estate Market Report

ZIP Code: 75204
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Dallas, TX (ZIP: 75204) stands at $615,000, reflecting a stable market environment with modest appreciation anticipated following a period of rapid growth. The neighborhood has experienced a flat price trend, suggesting that while values remain steady, there is limited upward momentum at this time. This stability is further underscored by the current market temperature being classified as neutral, indicating a balance between supply and demand without significant pressure in either direction.

Transaction activity shows moderate sales velocity, with 298 days on market indicating slower turnover for properties. Elevated inventory levels relative to sales activity may suggest a cautious approach from buyers, as they navigate a landscape characterized by increased competition and moderating rent growth. The median listing price of $575,000 indicates that sellers may be adjusting expectations to align with current market realities, particularly as the rental market also sees a year-over-year increase in median market rent to $2,350.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. $615,000 is the median sold price, indicating a stable market with no significant upward pressure on prices.

2. The market temperature is classified as neutral, suggesting a balanced environment without strong buyer or seller advantages.

3. Properties are taking an average of 298 days on market, indicating slower sales velocity and potential pricing friction.

4. The median listing price of $575,000 reflects seller adjustments to align with current market conditions.

5. Median market rent has increased to $2,350, suggesting a strengthening rental market despite overall price stability.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.