Dallas, TX 75231 Real Estate Market Report

ZIP Code: 75231
Report Date: May 2026
Market Temperature: NEUTRAL
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 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 are 6.46% compared to the 5.99% average observed when loans originated in early 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 primary indicator of recent market value is the median sold price: unavailable, which limits transaction-based valuation certainty; this metric may be unavailable due to a very small number of closed transactions in the analyzed sample or reporting lags, so rely on listed-price and market-statistics context while interpreting recent sales activity.

2. The local asking-price context shows a median listing price: 689,000, which — when combined with elevated inventory relative to sales activity — suggests potential pricing friction between seller expectations and realized transaction values.

3. Market velocity is slow based on a median days on market: 137, which indicates longer time-to-sale and may point to reduced urgency among buyers or increased buyer leverage in negotiations.

4. Macro and rental signals show a mixed backdrop: price year-over-year trend: up alongside rent year-over-year trend: down, neutral market temperature, and interest rate pressure: moderate, implying price appreciation persistence but softer rent fundamentals and a tempered financing environment (current 30-year fixed mortgage rate 6.46% vs 5.99% earlier in 2026).

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Notable Properties

The following 3 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.

Dallas, TX 75231 Real Estate Market Report

ZIP Code: 75231
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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

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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 Dallas TX are 6.46% compared to the 5.99% average observed when loans originated in early 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. median sold price is the primary indicator of recent transaction value but is not available in the provided metrics, so representative recent sale pricing cannot be directly stated from the sample data and must be inferred from complementary metrics instead.

2. median listing price: $114,500 points to seller expectations that are higher than the observed transaction detail in the dataset; combined with neutral market temperature and down rent year-over-year trend, this suggests pricing friction and that sellers may need to align expectations with actual sale outcomes.

3. median days on market: 276 signals materially slower sales velocity in the analyzed sample and, together with elevated inventory relative to sales activity, appears to indicate reduced liquidity and longer negotiation windows for single-family and condo sellers.

4. median price per square foot: $157 and median market rent: $1,290 provide a snapshot of valuation and rental context while interest rate dynamics—Current 30-year fixed mortgage rates in Dallas TX are 6.46% compared to the 5.99% average observed when loans originated in early 2026—plus moderate interest rate pressure may keep some buyers cautious, reinforcing a more balanced to buyer-favorable market environment.

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Notable Properties

The following 3 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.