Dallas, TX 75228 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

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. The neighborhood's primary market indicator, median sold price, is $336,000 — this representative recent sale, paired with a median days on market of 134, suggests slower sales velocity and noticeable pricing friction in transactions.
2. Median listing price is $329,950, which alongside the median sold price of $336,000 indicates limited spread between asking and transaction values but may reflect selective seller resets rather than broad appreciation; combined with the cold market temperature, this appears to favor buyers in negotiation dynamics.
3. The market shows a median price per square foot of $216 and a median market rent of $1,295; with rent year-over-year trend labeled flat, rental income growth is stable but not providing strong upward pressure on valuations.
4. Price year-over-year trend is down and market temperature is cold while interest rate pressure is elevated; together these macro signals, plus the sample's elevated inventory relative to sales activity, suggest continued caution for sellers and potential opportunities for buyers who can transact in a slower market.

Notable Properties

The following 7 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.