Dallas, TX 75232 Real Estate Market Report

ZIP Code: 75232
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Dallas, TX (ZIP: 75232) is currently $255,000, reflecting a stable market environment. The neighborhood has experienced a flat price trend, indicating that while there is some stability, significant appreciation has not occurred recently. This suggests a market that is maintaining its value rather than seeing rapid increases or declines.

Transaction activity appears moderate, with 250 median days on market, which indicates a slower sales velocity. The elevated inventory levels relative to sales activity may suggest a shift towards a more balanced market, where buyers have more options available. Overall, the market conditions indicate a potential for buyers to negotiate more effectively, especially in light of the 2.22% property tax rate and the 6.43% average mortgage rate, which is higher than earlier in the year.

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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 are averaging 6.43% as of March 2026, which is 0.4% higher than the average rate of 6.00% seen 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 median sold price of $255,000 indicates a stable market, with no significant appreciation observed recently.

2. With 250 median days on market, the market is experiencing a slower sales velocity, suggesting potential pricing friction for sellers.

3. The median listing price of $279,000 reflects seller expectations that may not align with current buyer sentiment, indicating possible negotiation opportunities.

4. Current rental trends show a down year-over-year trend, which may influence buyer decisions in the residential market.

5. The market temperature remains neutral, suggesting a balanced environment where neither buyers nor sellers hold a distinct advantage.

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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.