Dallas, TX 75240 Real Estate Market Report

ZIP Code: 75240
Report Date: February 2026
Market Temperature: NEUTRAL
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: 75240) is characterized by a median sold price of $519,837.50, reflecting a notable adjustment in market dynamics. This represents a down trend in pricing, aligning with broader market conditions that have seen a shift towards more balanced buyer-seller interactions. The neighborhood has decreased 8% since 2022, indicating a cooling phase in the market that may continue as economic factors evolve.

Transaction activity appears moderate, with median days on market extending to 249 days, suggesting slower sales velocity and potentially elevated inventory levels. The median listing price stands at $549,000, which indicates a significant gap between seller expectations and actual sold prices, contributing to pricing friction in the current market environment. Overall, while the fundamentals such as job growth remain strong, the market is navigating through a period of adjustment with neutral temperature conditions and moderate interest rate pressure.

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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

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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, TX, around 5.875% are 1.18% lower than the 7.05% average rate seen earlier in 2026, presenting a cost opportunity for new financing.

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 $519,837.50 indicates a market adjusting to lower price points, reflecting a down trend.

2. With median days on market at 249, the market is experiencing slower sales velocity, suggesting potential challenges in liquidity.

3. The median listing price of $549,000 shows a significant gap from sold prices, indicating pricing friction between seller expectations and market reality.

4. Overall market conditions are described as neutral, suggesting a balanced environment without clear favor towards buyers or sellers.

5. The median market rent of $1,972 remains stable, although it has also shown a down trend year-over-year.

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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.