Dallas, TX 75241 Real Estate Market Report

ZIP Code: 75241
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Dallas, TX (ZIP: 75241) reflects a median sold price of $230,010, indicating a downward trend in home values. This neighborhood has decreased 8% since 2022, highlighting the ongoing market correction following a period of rapid appreciation. The median listing price stands at $250,000, suggesting a notable pricing friction between seller expectations and actual market performance.

Market activity shows 256 median days on market, which indicates a slower sales velocity and may suggest a cooling demand. Despite elevated interest rates creating psychological barriers for buyers, the market temperature is currently neutral, implying a balanced environment where neither buyers nor sellers hold a distinct advantage. This balance is further emphasized by elevated inventory levels relative to sales activity, suggesting a potential for price adjustments as the market seeks equilibrium.

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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 TX around 6.54% are notably higher than the average 5.25% seen for similar 2026 originations.

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 $230,010 indicates a significant pricing gap compared to the median listing price of $250,000, reflecting pricing friction in the market.

2. With 256 median days on market, the area is experiencing slower sales velocity, which may deter potential buyers.

3. The median market rent is $1,972, suggesting that rental demand remains stable despite the overall market correction.

4. The property tax rate is 0.2165%, which may influence buyer affordability and overall market activity in the area.

5. Current 30-year fixed mortgage rates around 6.54% are notably higher than the average seen for similar originations, contributing to elevated interest rate pressure on potential buyers.

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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.