Dallas, TX 75248 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

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. median sold price is the primary indicator of neighborhood market value and recent transaction activity, but the metric is unavailable in the provided dataset — the sample sold data are too limited to report a representative median sold price, so rely on listing and trend signals with caution.
2. median listing price of $799,000 combined with a median days on market of 122 suggests pricing friction and slower sales velocity; this is consistent with the broader signal that prices are down year-over-year.
3. Elevated inventory relative to sales activity appears to be present in the analyzed sample, which, together with the long median days on market, suggests slower transaction volume and added negotiating leverage for buyers rather than sellers.
4. median market rent of $1,849 is rising (rent year-over-year trend is up), while median price per square foot of $290 and elevated interest rate pressure indicate affordability headwinds for buyers and caution for investors evaluating cash-flow prospects.

Notable Properties

The following 3 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.