Dallas, TX 75243 Real Estate Market Report

ZIP Code: 75243
Report Date: April 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: 75243) is currently $515,000, reflecting a notable market shift as prices have decreased 8% since 2022. This decline in sold prices indicates a cooling market, where buyer sentiment may be affected by elevated interest rate pressure and increasing inventory levels. The current median listing price stands at $369,950, suggesting a significant pricing gap that may lead to pricing friction as sellers adjust expectations in response to market conditions.

Overall, the market is experiencing a neutral temperature, characterized by moderate sales activity and extended days on market, currently at 278 days. This lengthening time frame for property sales may indicate a slower sales velocity, as buyers navigate a landscape of elevated inventory relative to sales activity. As the market continues to evolve, these dynamics suggest potential opportunities for buyers seeking favorable conditions in a transitioning market.

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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

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.

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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 75243 are averaging 6.38%, which is 0.16% higher than the 6.22% average from March 2025.

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 $515,000 indicates a market that has decreased in value over the past year.

2. With a median listing price of $369,950, there is a notable pricing gap that may create pricing friction as sellers adjust to market realities.

3. The median days on market is currently 278, reflecting a slower sales velocity and suggesting that buyers are taking more time to make purchasing decisions.

4. The market temperature is classified as neutral, indicating balanced conditions between buyers and sellers, though elevated inventory levels may pressure prices further.

5. Elevated interest rate pressure, with current mortgage rates averaging 6.38%, may contribute to weaker buyer demand in the near term.

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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.