Dallas, TX 75240 Real Estate Market Report

ZIP Code: 75240
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Dallas, TX (ZIP: 75240) is characterized by a median sold price of $537,000, reflecting a notable year-over-year decrease. This decline suggests a shift in market dynamics, where buyers may have more negotiating power amid changing economic conditions. The median days on market stands at 342, indicating slower sales velocity and a potential oversupply of properties relative to demand.

The current market environment shows elevated inventory levels, with a median listing price of $420,000, which is significantly lower than the sold price, indicating potential pricing friction as sellers adjust expectations to align with market realities. Despite the downward trend in sold prices, rental demand remains robust, with a median market rent of $1,972, suggesting a stable rental market amidst the broader economic fluctuations.

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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.

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Key Findings

1. The median sold price of $537,000 indicates a significant pricing adjustment in the market, reflecting a down trend.

2. With 342 days on market, properties are experiencing slower sales velocity, which may suggest weak buyer demand.

3. The median listing price of $420,000 shows a notable gap from the sold price, indicating potential pricing friction as sellers recalibrate expectations.

4. The rental market remains strong with a median market rent of $1,972, suggesting growing demand for rental properties despite overall market challenges.

5. The overall market temperature is neutral, indicating balanced conditions between buyers and sellers.

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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.