Dallas, TX 75224 Real Estate Market Report

ZIP Code: 75224
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the median sold price in Dallas, TX (ZIP: 75224) stands at $281,480, reflecting a softening trend in home values. The market has experienced a year-over-year price decline, indicating a shift in buyer sentiment and market dynamics. With a median listing price of $299,999, there appears to be a notable gap between seller expectations and actual transaction prices, suggesting potential pricing friction as buyers navigate elevated inventory levels.

The market is characterized by 217 days on market, which indicates slower sales velocity and a shift towards a more balanced market. Elevated interest rates, currently around 5.9%, are contributing to affordability challenges for prospective buyers, further influencing the overall market temperature, which is currently assessed as neutral. Despite these challenges, the rental market remains robust, with a median market rent of $1,972, supported by ongoing job growth and in-migration.

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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 TX 75224 area around 5.9% are 0.7% higher than the national average of 5.2% seen earlier in 2026.

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 $281,480 indicates a down trend in home values, reflecting buyer caution.

2. With 217 days on market, the market is experiencing slower sales velocity, suggesting potential challenges for sellers.

3. The median listing price of $299,999 shows a significant gap compared to the sold price, indicating pricing friction in the market.

4. Elevated interest rates at 5.9% are creating affordability challenges for potential homebuyers, impacting demand.

5. Despite the overall market softness, the median market rent of $1,972 remains strong, driven by sustained job growth.

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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.