Dallas, TX 75209 Real Estate Market Report

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

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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

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

Key Findings

1. The neighborhood's primary transaction benchmark, median sold price, is currently unavailable in the provided dataset; this absence means recent realized market values must be interpreted using other available indicators rather than direct sale comparables.
2. The listing-side snapshot shows a high median listing price: $1,495,000 combined with a long median days on market: 138, which suggests pricing friction and a shift toward slower sales velocity despite stable conditions; elevated inventory relative to sales activity may be contributing to increased negotiating leverage for purchasers.
3. Rental demand appears supportive of price resilience: median market rent: $1,899 and an upward rent trend (up) indicate strengthening rental fundamentals, while a median price per square foot: 427 signals a premium local product where rent growth can help sustain values.
4. Macro-financing headwinds are notable: Current 30-year fixed mortgage rates: 6.76% with elevated interest rate pressure, which may constrain buyer affordability and moderate transaction volume even as local prices show pockets of strength; combined with the neutral market temperature (neutral), this points to a more balanced market where sellers may need to be pragmatic on pricing and terms.

Notable Properties

The following 3 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.