Dallas, TX 75204 Real Estate Market Report

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

---

Executive Overview

As of February 2026, the real estate market in Dallas, TX (ZIP: 75204) reflects a median sold price of $599,000, indicating a stable market despite a down trend in prices year-over-year. This suggests that while the market is experiencing some price adjustments, the overall value remains consistent with recent transactions. The median days on market stands at 191 days, which points to a slower sales velocity and indicates that properties are taking longer to sell, potentially due to elevated inventory levels.

---

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.

---

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.

---

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.

---

Property Taxes

---

Liquidity & Velocity

---

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Dallas TX at approximately 5.86% are 0.78% lower than the 6.64% average rate seen earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median listing price is $599,900, closely aligning with the median sold price, indicating minimal pricing friction in the market.

2. With 191 days as the median days on market, the market is experiencing slower sales velocity, which may suggest a shift in buyer sentiment.

3. The median market rent is $2,350, reflecting a stable rental environment despite a down trend in rents year-over-year.

4. The market temperature is currently neutral, indicating a balanced environment where neither buyers nor sellers have a distinct advantage.

5. Current interest rate pressure is elevated, with mortgage rates at approximately 5.86%, which may impact buyer affordability and overall market activity.

---

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.