Dallas, TX 75228 Real Estate Market Report

ZIP Code: 75228
Report Date: May 2026
Market Temperature: COLD
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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 75228 area are averaging 6.4%, reflecting a stable market environment consistent with typical origination rates for loans initiated 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 most reliable market indicator is the median sold price $320,000, which reflects recent transaction levels and suggests realized market value below asking; pricing is under pressure given the broader downward price trend.

2. The gap between the median listing price $346,950 and the median sold price indicates persistent seller optimism and potential pricing friction that may slow closings; combined with a median days on market 165, this suggests slower sales velocity rather than rapid turnover.

3. Liquidity appears challenged: sample data shows elevated inventory relative to sales activity and the market is rated cold, which, along with the price year-over-year trend down, may indicate buyers have negotiating leverage and transactions may take longer to execute.

4. Near-term affordability and investor interest are constrained by broader financing conditions — property rate comparison 6.4% and interest rate pressure elevated — while rental support is weakening as median market rent $1,363 and the rent year-over-year trend down point to softer rent growth; funding and rental headwinds may limit immediate price recovery.

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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.