Dallas, TX 75217 Real Estate Market Report

ZIP Code: 75217
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Dallas market, specifically in the 75217 ZIP code, is currently experiencing a median sold price of $220,144.50, reflecting a slight decline in year-over-year pricing trends. This decrease suggests a market adjustment, as the area has seen a down trend in prices. Despite this, the local economy remains robust, supported by strong job growth and in-migration, which may help sustain long-term demand for housing.

With 150 median days on market, the sales velocity appears to be slower, indicating a more cautious buyer sentiment in the face of elevated inventory levels. The median listing price stands at $239,450, which creates a notable gap between asking and sold prices, hinting at potential pricing friction as sellers adjust expectations to align with current market realities. Overall, the market temperature is currently assessed as neutral, suggesting a balanced environment with moderate transaction activity and excess supply relative to sales.

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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

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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 Dallas market average around 5.875% to 6.09%, which is notably lower than the 6.87% average seen one year ago in February 2025.

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 $220,144.50 indicates a down trend in pricing, suggesting potential buyer leverage in negotiations.

2. With 150 median days on market, the area is experiencing slower sales velocity, which may indicate a cautious buyer sentiment.

3. The median listing price of $239,450 creates a significant gap compared to the sold price, reflecting potential pricing friction in the market.

4. Market temperature is currently neutral, suggesting balanced conditions with moderate transaction activity.

5. Elevated inventory levels relative to sales activity may indicate a shift toward a more favorable environment for buyers.

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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.