Dallas, TX 75216 Real Estate Market Report

ZIP Code: 75216
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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Property Taxes

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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.

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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 the 75216 area are averaging 6.4%, reflecting a stable market environment for property owners compared to early 2026 benchmarks.

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 neighborhood's primary market indicator, the median sold price, is $182,160, which anchors recent transaction-level value and appears consistent with a neutral market temperature for SFR and condo sales.

2. Sales velocity shows softness: the median days on market is 168 days, which suggests slower transaction pacing and may indicate pricing friction even as the market remains balanced between buyers and sellers.

3. Seller expectations remain elevated relative to completed transactions— the median listing price is $243,000 while the median sold price is $182,160; this spread may indicate pricing friction and the need for more competitive list-price positioning to close deals.

4. Rental demand is strengthening: the median market rent is $1,650 and rent year-over-year trend is up, while elevated interest rate pressure persists and local 30-year fixed mortgage rates are averaging 6.4%, which may support investor interest in cash-flow properties despite financing headwinds.

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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.