Dallas, TX 75228 Real Estate Market Report

ZIP Code: 75228
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the median sold price in Dallas, TX (ZIP: 75228) stands at $327,250, reflecting a market that has decreased 8% since 2022. This decline in sold prices indicates a shift in buyer sentiment and market dynamics, suggesting that sellers may need to adjust their expectations to align with current buyer affordability. The market is experiencing elevated inventory levels, which, combined with a slower sales velocity, points to a transition toward a more balanced environment between buyers and sellers.

The median days on market is notably high at 226 days, indicating that properties are taking longer to sell, which may further pressure sellers to reconsider their pricing strategies. Despite the underlying economic fundamentals supporting long-term resilience, the current elevated interest rate pressure, with mortgage rates around 6.02%, is impacting buyer affordability and contributing to a more cautious market atmosphere. The overall market temperature is classified as neutral, suggesting that while there are challenges, there are also opportunities for buyers in this evolving landscape.

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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 market around 6.02% are higher than the average 5.50% seen for early 2026 originations.

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 $327,250 indicates a market that has decreased by 8% since 2022, reflecting a shift in buyer sentiment.

2. With a median days on market of 226 days, properties are experiencing slower sales velocity, suggesting potential pricing friction for sellers.

3. Elevated inventory levels suggest excess supply relative to sales activity, which may pressure sellers to adjust their pricing.

4. The current median listing price of $349,499.50 presents a significant gap compared to the median sold price, indicating potential pricing misalignment in the market.

5. The elevated interest rate pressure, with mortgage rates around 6.02%, is impacting buyer affordability and contributing to a cautious market atmosphere.

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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.