Dallas, TX 75209 Real Estate Market Report

ZIP Code: 75209
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Dallas, TX (ZIP: 75209) is characterized by a median sold price of $1,402,000. This reflects a stable market environment, with the neighborhood having increased up since 2023. The median days on market stands at 198, indicating a slower sales velocity and a shift towards a more balanced market as transaction times extend.

Despite the median listing price being $1,498,000, which suggests some pricing friction, the current market temperature is described as neutral. This suggests that while there is elevated inventory, the demand remains stable, albeit constrained by elevated interest rate pressure. The overall market dynamics indicate that buyers may have more negotiating power as inventory levels remain elevated relative to sales activity.

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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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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Dallas TX around 5.875% are 0.78% lower than the average 6.65% seen earlier in 2026, presenting a cost-saving opportunity for property owners.

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

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Key Findings

1. The median sold price of $1,402,000 indicates a stable market with slight price appreciation.

2. With 198 days on market, the sales velocity is slower, suggesting weak liquidity conditions.

3. The median listing price of $1,498,000 reflects pricing friction, indicating seller expectations may be misaligned with buyer sentiment.

4. Elevated interest rate pressure is impacting buyer demand, contributing to a down trend in market activity.

5. The median market rent of $2,370 shows a down trend year-over-year, indicating potential challenges in rental demand.

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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.