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

The median sold price in Dallas, TX (ZIP: 75241) stands at $239,000, reflecting a market that has experienced a slight downturn in pricing trends. The neighborhood has decreased 8% since 2022, indicating a shift towards more favorable conditions for buyers. With a median listing price of $255,000, there is a notable gap between asking prices and actual sale prices, suggesting potential pricing friction as sellers adjust to market realities.

Market activity is characterized by elevated inventory levels, with a substantial number of active listings compared to sales. The median days on market is 194, indicating a slower sales velocity and a potential cooling in buyer demand. Despite these trends, the local economy remains robust, supported by strong job growth and in-migration, which may sustain long-term housing demand even as short-term price adjustments occur.

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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 75241 area around 6.09% are notably lower than the 6.87% average seen one year ago, presenting a potential cost-saving 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 indicates a market that is adjusting to buyer preferences and expectations.

2. With a median listing price of $255,000, there is a significant gap that may lead to pricing friction as sellers recalibrate their expectations.

3. The median days on market of 194 suggests a slower sales velocity, indicating that properties are taking longer to sell compared to previous periods.

4. The market temperature is currently neutral, reflecting a balanced environment where neither buyers nor sellers have a distinct advantage.

5. Despite the current down trend in prices, strong local job growth may support long-term demand for housing.

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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.