Dallas, TX 75229 Real Estate Market Report

ZIP Code: 75229
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Dallas, TX (ZIP: 75229) is characterized by a median sold price of $749,900, reflecting a stable market environment. The neighborhood has increased 0% since 2023, indicating a period of price stabilization. The market is currently experiencing elevated inventory levels, which may suggest a shift in leverage towards buyers, as the median days on market stands at 255 days, indicating slower sales velocity. This extended time frame for property sales may contribute to a more cautious buyer sentiment in the area.

Despite a slight upward trend in prices year-over-year, the overall market temperature is described as neutral. The median listing price is notably higher at $922,000, which creates a significant pricing gap that may lead to pricing friction as sellers adjust expectations to align with buyer sentiment. Additionally, the rental market is cooling, with a median market rent of $1,972, reflecting a downward trend in rental prices. This cooling in the rental market may further influence buyer behavior and market dynamics in the coming months.

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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 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 Dallas, TX 75229 are averaging 6.38% as of March 26, 2026, which is 0.88% higher than the average rate of 5.50% seen in early March 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 $749,900 indicates a stable market, with no change since 2023, suggesting flat price dynamics.

2. With a median days on market of 255, the market is experiencing slower sales velocity, which may indicate weak liquidity conditions.

3. The median listing price of $922,000 creates a notable gap compared to sold prices, suggesting potential pricing friction as sellers adjust expectations.

4. The rental market is showing a down trend with a median market rent of $1,972, which may affect buyer sentiment and investment decisions.

5. Overall, the market temperature is neutral, indicating balanced conditions despite elevated inventory levels.

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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.