Dallas, TX 75231 Real Estate Market Report

ZIP Code: 75231
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Dallas, TX (ZIP: 75231) is characterized by a median sold price of $699,000, reflecting a shift towards a more tempered and buyer-friendly environment. The neighborhood has decreased 8% since 2022, indicating a trend of declining values amidst a backdrop of increasing inventory. The median listing price stands at $644,450, suggesting a notable gap between seller expectations and actual market transactions, which may contribute to pricing friction in the current market.

Transaction activity appears moderate, with median days on market extending to 240 days, signaling slower sales velocity and potentially indicating a cooling demand. The elevated inventory levels relative to sales activity suggest a market adjusting to excess supply, which may further influence pricing dynamics. Despite these trends, long-term demand remains supported by strong local job growth and in-migration, providing a foundation for future market stability.

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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

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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 around 5.9% are 0.9% lower than the 6.8% average reported for this time last year in 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 $699,000 indicates a significant pricing adjustment, having decreased 8% since 2022, reflecting a down trend in market values.

2. With a median listing price of $644,450, there is a notable gap between asking prices and actual sales, which may create pricing friction for sellers.

3. The median days on market of 240 days suggests a slower sales velocity, indicating that properties are taking longer to sell in the current environment.

4. Elevated inventory levels relative to sales activity point to a market experiencing excess supply, which may further pressure pricing.

5. The median market rent is reported at $1,972, showing signs of down trends, which aligns with the overall cooling of the rental market.

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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.