Dallas, TX 75231 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. The median sold price is the primary indicator of market value and recent transaction activity; current seller expectations are reflected in a median listing price of 664,750, which coexists with elevated inventory relative to sales activity, suggesting pricing friction between asking levels and completed transactions.
2. Market velocity appears soft: a median days on market of 214 points to slower sales velocity and longer time-to-contract for SFR and condominium listings in the analyzed sample.
3. Price direction is weakening year-over-year: the price year-over-year trend is down, while the market temperature is neutral and therefore appears balanced rather than strongly favoring buyers or sellers; interpret this as a market stabilizing under cooling pressure (neutral).
4. Financial headwinds are present: interest rate pressure is elevated, which combined with down price momentum may extend the time sellers need to reach market-clearing levels; meanwhile, a median price per square foot of 277 and median market rent of 1,249 provide snapshot context for valuation and rental comparables without implying yields or returns.

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.