Dallas, TX 75234 Real Estate Market Report

ZIP Code: 75234
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 real estate market in Dallas, TX (ZIP: 75234) reflects a median sold price of $402,500, indicating a cooling trend in the market. The neighborhood has decreased 8% since 2022, suggesting a shift in buyer sentiment and market dynamics. The current market conditions are characterized by elevated inventory levels, with a significant gap between the median listing price of $469,500 and the median sold price, which may indicate pricing friction as sellers adjust expectations to align with buyer demand.

Transaction velocity appears to be slower, with properties spending a median of 189 days on market. This extended duration may suggest a more cautious approach from buyers, as they navigate a market that is currently classified as cold. Despite these challenges, the underlying economic strength in the Dallas-Fort Worth area continues to provide a buffer against a severe downturn, supported by job and population growth.

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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 Dallas TX around 5.99% are slightly lower than the average 6.17% seen earlier in 2026, presenting a marginal cost opportunity for property owners.

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 in Dallas, TX (ZIP: 75234) is $402,500, reflecting a decrease of 8% since 2022.

2. With a median listing price of $469,500, there is notable pricing friction as sellers adjust to changing market conditions.

3. Properties are taking a median of 189 days on market, indicating slower sales velocity and a cautious buyer sentiment.

4. The market temperature is currently cold, suggesting a shift towards buyer negotiating power amid elevated inventory levels.

5. The median market rent stands at $1,990, which may influence buyer decisions as rental prices also reflect a down trend.

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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.