Dallas, TX 75229 Real Estate Market Report

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

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Executive Overview

As of February 2026, the median sold price in Dallas, TX (ZIP: 75229) stands at $679,500, reflecting the current market dynamics. This price indicates a significant adjustment in the market, as the area is experiencing a cooling trend with a down trajectory in home prices. The market has decreased in value, suggesting a shift from the previous high-demand environment to a more balanced state where buyers are exercising greater caution and selectivity in their purchases.

The market is characterized by elevated inventory levels, with a notable increase in the median days on market at 174 days. This extended time frame indicates slower sales velocity, which may suggest a mismatch between seller expectations and buyer willingness to meet those prices. The overall market temperature is currently assessed as cold, reflecting the challenges faced by sellers in this environment. Despite these conditions, the rental market remains stable with a median market rent of $1,972, indicating ongoing demand for rental properties in the area.

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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 TX 75229 area around 5.98% are notably lower than the early 2026 average of 6.24%, suggesting potential savings for recent refinancers.

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 $679,500 indicates a down trend in home values, suggesting a cooling market.

2. With a median days on market of 174, properties are experiencing slower sales velocity, indicating potential pricing friction.

3. The market temperature is assessed as cold, reflecting a challenging environment for sellers.

4. Elevated inventory levels are present, suggesting excess supply relative to sales activity in the area.

5. The median market rent of $1,972 remains stable, indicating consistent demand in the rental sector.

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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.