Dallas, TX 75241 Real Estate Market Report

ZIP Code: 75241
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: 75241) is characterized by a median sold price of $239,000, reflecting a slight downward trend in home values. The neighborhood has decreased 8% since 2022, indicating a challenging environment for sellers as buyers navigate elevated mortgage rates and a more balanced market. The median days on market stands at 194, suggesting slower sales velocity and a need for price adjustments to attract potential buyers.

The current market conditions reveal elevated inventory levels, with a notable gap between the median listing price of $250,000 and the median sold price. This discrepancy may indicate seller expectations that are not aligning with buyer willingness to pay, further contributing to the extended time properties are remaining on the market. Despite these challenges, the underlying factors such as job growth and in-migration continue to support long-term demand, although the immediate outlook remains cautious due to high 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

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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 the Dallas, TX market around 5.75%-6.01% are notably lower than the 6.18% average seen earlier in 2026, presenting a cost opportunity for property owners.

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 $239,000 reflects a market that has seen a decrease of 8% since 2022.

2. Properties are spending an average of 194 days on market, indicating slower sales velocity and potential pricing friction.

3. The median listing price of $250,000 suggests a significant gap compared to the sold price, which may indicate pricing challenges for sellers.

4. Elevated mortgage rates are contributing to elevated interest rate pressure, impacting buyer purchasing power.

5. The market temperature is currently neutral, reflecting a balance between buyer demand and available inventory.

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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.