Dallas, TX 75224 Real Estate Market Report

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

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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price is not available for this ZIP because the analyzed sample contains a very limited recent-transaction set, which appears to prevent a representative sold-price median from being reported; this lack of a clear median sold price suggests limited recent transaction data and reduces confidence in using sales as a definitive local value indicator.
2. The neighborhood shows a median listing price of 314,900 alongside a median days on market of 226, which together indicate slower sales velocity and notable pricing friction—sellers may need to adjust expectations or offer concessions to transact given current time-on-market dynamics (extended marketing periods).
3. Sample-based inventory signals indicate elevated inventory relative to sales activity, implying excess supply for the current demand level and contributing to softer pricing; this aligns with the reported down price year-over-year trend and the neutral market temperature that suggests no strong seller advantage.
4. Capital-cost and rental context is mixed: interest rate pressure is elevated with prevailing 30-year fixed mortgage rates near 6.44%, while median market rent is 2,100 and rent year-over-year trend is down; elevated rates and moderating rents together may constrain buyer purchasing power and reduce investment yield expectations in the near term.

Notable Properties

The following 3 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.