Dallas, TX 75216 Real Estate Market Report

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

---

Executive Overview

The real estate market in Dallas, TX (ZIP: 75216) is currently characterized by a median sold price of $205,957.50, reflecting a downward price trend. This decline suggests a shift in market dynamics, with the neighborhood experiencing a cooling effect on pricing. The market has shown signs of decreased activity, as evidenced by the median days on market of 211, indicating slower sales velocity and potential pricing friction between sellers' expectations and buyers' willingness to pay.

Additionally, the market temperature is assessed as neutral, which may indicate balanced conditions between buyers and sellers. However, the presence of elevated inventory levels relative to sales activity suggests that competition among listings is intensifying, which may further contribute to the downward pricing trend. The median listing price stands at $225,000, creating a noticeable gap compared to the median sold price, which could signal a need for sellers to adjust their expectations to align with current market realities.

---

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

---

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 75216 are averaging 6.88%, which is 0.7% higher than the average rate of 6.18% seen in early 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 down trend in property values, reflecting a shift in buyer sentiment.

2. With a median days on market of 211, properties are experiencing slower sales velocity, which may suggest weak buyer demand.

3. The median listing price of $225,000 creates a significant gap compared to the sold price, indicating potential pricing friction in the market.

4. Overall market conditions are assessed as neutral, suggesting a balanced environment between buyers and sellers.

5. Elevated inventory levels relative to sales activity may lead to increased competition, further contributing to the down trend in rental prices, with a median market rent of $1,972.

---

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.