Dallas, TX 75248 Real Estate Market Report

ZIP Code: 75248
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 median sold price in Dallas, TX (ZIP: 75248) stands at $749,000, reflecting a market that has seen a price correction with a year-over-year trend indicating prices are down. This decrease suggests a shift towards a more balanced environment, where buyers have more negotiating power. The market is currently characterized by longer median days on market, recorded at 170 days, indicating slower sales velocity and a potential cooling in buyer demand.

The inventory context reveals elevated levels of active listings relative to sales activity, contributing to a neutral market temperature. This excess supply may indicate that sellers are adjusting their expectations in response to the current market dynamics. With the median listing price at $739,000, there is a notable gap between asking and sold prices, which could further influence buyer behavior as the spring season approaches. Additionally, the median market rent has reached $2,970, which, along with moderate interest rate pressure, may impact overall housing demand moving forward.

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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

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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 75248 are averaging around 6.04% to 6.25%, which is slightly higher than the 5.75% to 5.98% seen just a week prior.

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 is $749,000, indicating a down trend in pricing year-over-year.

2. With 170 days as the median days on market, the market is experiencing slower sales velocity, suggesting weak liquidity.

3. The median listing price of $739,000 reflects a significant gap compared to the sold price, indicating potential pricing friction for sellers.

4. The market temperature is currently neutral, suggesting a balanced environment with neither buyers nor sellers having a distinct advantage.

5. The median market rent is $2,970, which may influence demand dynamics as rental concessions increase.

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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.