Dallas, TX 75228 Real Estate Market Report

ZIP Code: 75228
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 real estate market in Dallas, TX (ZIP: 75228) reflects a median sold price of $315,000, indicating a stable market despite elevated inventory levels. The neighborhood has increased up since 2023, showcasing resilience in the face of broader market pressures. The current median listing price stands at $349,495, suggesting a notable gap between seller expectations and actual transaction values, which may indicate pricing friction in the market.

Market activity is characterized by 161 days on market, pointing to a slower sales velocity and moderate transaction volume. The overall market temperature is described as neutral, indicating a balance between supply and demand, albeit with elevated interest rate pressure, which may be constraining buyer activity. Strong local job growth continues to support housing demand, but the combination of high interest rates and excess supply relative to sales activity suggests a cautious approach for potential buyers and sellers alike.

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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 75228 area average around 6.13% to 6.38%, which is notably higher than the 5.83% to 5.875% rates seen for similar loans 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 $315,000 reflects a stable market despite elevated inventory levels.

2. With a median listing price of $349,495, there is a notable gap between seller expectations and actual sales, indicating potential pricing friction.

3. Properties are spending an average of 161 days on market, suggesting a slower sales velocity and moderate transaction volume.

4. The market temperature is neutral, indicating a balance between supply and demand, but with elevated interest rate pressure.

5. The median market rent is $1,972, which has also shown an upward trend, reflecting ongoing demand for rental properties.

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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.