Dallas, TX 75241 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

Key Findings

1. The primary indicator of recent market value is the median sold price of $199,410, which anchors transaction-based valuation and is meaningfully lower than the median listing price of $250,000; this gap, together with a down year-over-year price trend, suggests seller expectations may be outpacing realized sale values.
2. The market shows slower liquidity: the median days on market is 152, which, combined with elevated inventory relative to sales in the analyzed sample, suggests slower sales velocity and increased pricing friction that may require longer marketing windows or price adjustments to achieve contracts.
3. Pricing context is mixed: the median price per square foot is $165 while the median market rent is $1,950 and rent is flat year-over-year; with elevated interest rate pressure, investors and buy-to-rent buyers should approach acquisitions with caution and model financing sensitivity.
4. Market posture is broadly balanced: the market temperature is neutral even as prices are down year-over-year, indicating the area appears to be moving toward a more buyer-accessible balance; sellers should consider price alignment with recent sold prices, and buyers can pursue negotiations but should verify condition and comps before assuming large discounts.

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.