Dallas, TX 75216 Real Estate Market Report

ZIP Code: 75216
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

In Dallas, TX (ZIP: 75216), the median sold price stands at $205,957.50, reflecting a market that has experienced a down trend in prices. This indicates a shift in buyer sentiment and market dynamics, as the area has seen a general price decline. The current market conditions suggest that buyers may have more negotiating power, given the elevated inventory levels relative to sales activity.

The median days on market is 147, which indicates a slower sales velocity, further emphasizing the cooling trend in this market. With a median listing price of $249,450, there appears to be a notable pricing gap between what sellers are asking and what buyers are willing to pay, potentially leading to pricing friction as the market adjusts. Overall, the market temperature is classified as neutral, suggesting a balance between supply and demand, albeit with signs of moderate interest rate pressure affecting buyer decisions.

---

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

---

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

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 the Dallas TX 75216 area average around 5.97% to 6.00%, which is slightly higher than the 5.50% to 5.875% seen for similar loans 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 sold price of $205,957.50 indicates a market experiencing price adjustments, as it reflects a down trend in recent sales.

2. With a median days on market of 147, the area is experiencing slower sales velocity, which may suggest a shift in buyer preferences or pricing expectations.

3. The median listing price of $249,450 creates a significant gap compared to the sold price, indicating potential pricing friction in negotiations.

4. The median market rent is $1,972, which may influence buyers' decisions as they weigh the cost of homeownership against rental options.

5. Current interest rates in the area are averaging between 5.97% to 6.00%, contributing to moderate pressure on buyer affordability.

---

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.