Dallas, TX 75240 Real Estate Market Report

ZIP Code: 75240
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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. median sold price is the primary indicator of realized market value and recent transaction activity, but the median sold price is not available in the provided metrics; this absence may reflect very limited recent closed-sales in the analyzed sample or a reporting lag, so representative recent sale pricing cannot be confirmed. neutral

2. median listing price of 425,000 sits above what transaction-confirmation would show (median sold price unavailable), and combined with elevated inventory relative to sales activity this suggests sellers’ asking expectations may be outpacing current transaction levels; consider pricing alignment strategies to improve marketability. down

3. median days on market of 241 indicates materially slower sales velocity in the sample and suggests longer listing exposure and greater negotiation timeframes for both single-family and condominium properties; pricing friction and patience should be factored into offer timing. moderate

4. median market rent of 1,585 and a median price per square foot of 245, with rents showing a year-over-year down trend and interest rate pressure assessed as moderate, imply that rental income growth has cooled and financing costs remain a headwind—investors should stress-test cashflow assumptions and underwriting for softer rent trajectories. neutral

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Notable Properties

The following 4 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.