Dallas, TX 75229 Real Estate Market Report

ZIP Code: 75229
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

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.

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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 Dallas 75229 area are averaging 6.4%, reflecting a stable market environment for property owners compared to the 2026 average of 6.3% to 6.6%.

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 primary market indicator is the median sold price of $385,000, which provides the best evidence of recent transaction values and suggests a market where completed sales are materially lower than asking expectations; this pricing gap may indicate sellers are adjusting to weaker bid levels.

2. Despite an elevated inventory relative to sales activity in the analyzed sample, the median listing price of $1,562,500 remains much higher than the median sold price, which suggests notable pricing friction between seller expectations and realized sale prices.

3. The market shows slower transaction velocity with a median days on market of 167, which may indicate prolonged marketing periods and requires sellers to consider price or condition adjustments to improve liquidity.

4. Price momentum is mixed: year-over-year price trend is up while market temperature is cold, and interest rate pressure is moderate; stakeholders should note the current 30-year fixed mortgage rate averaging 6.4% locally (versus the 2026 average range of 6.3% to 6.6%), a context that calls for caution when assessing near-term demand and financing sensitivity.

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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.