Dallas, TX 75229 Real Estate Market Report

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

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Executive Overview

In Dallas, TX (ZIP: 75229), the median sold price stands at $680,000, reflecting a robust market despite broader trends in the DFW metro area that are seeing price declines. This indicates a strong local demand, as the neighborhood has increased 15% since 2023. The elevated median listing price of $1,297,500 suggests a significant gap between seller expectations and buyer willingness, which may contribute to slower transaction velocity.

The market is currently characterized by elevated inventory levels, with a median days on market of 168 days. This extended time frame indicates a slower sales velocity, suggesting that while there is strong price appreciation locally, the overall market dynamics are shifting towards a more balanced state, influenced by rising inventory and easing mortgage rates. The market temperature is neutral, indicating a balance between buyer and seller activity, although the rental market is experiencing a cooling trend with a median market rent of $1,972.

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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 the Dallas TX 75229 area at approximately 6.09% are 0.9% lower than the average rate of 6.98% seen earlier in February 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 $680,000 indicates strong local demand amidst broader market declines.

2. With a median listing price of $1,297,500, there is a notable gap between seller expectations and actual sales, suggesting potential pricing friction.

3. The median days on market of 168 days reflects slower sales velocity, indicating a need for sellers to adjust expectations in a balanced market.

4. The market temperature is neutral, suggesting a balance between buyer and seller activity, which may lead to stable pricing conditions.

5. Rental markets are cooling, with a median market rent of $1,972, indicating increased supply and a potential shift in rental dynamics.

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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.