75040 Home Values

Days to close in 75040 stretched to 28 this quarter, the slowest pace logged since spring, based on MLS data for 2026-09 closings in 75040. Price per square foot held essentially flat near $184, but the median sale price eased to roughly $290,000, giving back about five percent from the prior quarter's near-$307,000 mark. Sellers conceded a bit more ground at the table too, concessions touched just over half of the 133 transactions that closed, and the average giveback grew to roughly $6,300, up from about $5,600 a quarter earlier. List-to-sale gaps widened only modestly, with buyers still landing homes close to full asking price. Year-over-year, values remain down nearly five percent.

The deceleration showing up in closing timelines is mirrored in the pipeline. Pending contracts slipped to 23 from 25 the prior quarter, even as new listings held close to steady near 192 and active inventory eased slightly to 233. Months of supply ticked down to about five and a half, still tighter than Dallas County's near seven-month reading, but the pairing of lengthening days on market with a thinning contract pipeline points to 75040's absorption pace cooling from the brisker footing seen earlier this year.

Price per square foot in 75040 held at $186 this quarter, roughly nine percent below Dallas County's broader median of $204, based on MLS data for 2026-08 closings in 75040. The ZIP's overall sale price told a similar story: a median of roughly $307,000 trailed the county's near-$380,000 mark by close to a fifth, even as the local figure has climbed for three consecutive months. Sellers here are landing modestly stronger terms than the county average, collecting close to 98 cents on the dollar against a county figure just under that mark, with concessions touching a bit over half of the 130 transactions that closed. Year-over-year, values in 75040 remain down more than four percent.

Dallas County's supply sits at six and a half months, while 75040's pipeline holds tighter, at just under six, continuing a pattern of the ZIP out-absorbing the broader county market. Pending contracts kept slipping, falling to 25 from 29 a month earlier, even as active inventory ticked up to 247 listings and new listings eased slightly to 194. Days on market as a velocity signal tightened further, pointing to quicker absorption even as the contract pipeline thins — a gap that, if it widens, would erode 75040's current edge over the county.

The negotiation gap between list and sale prices in 75040 held firm this quarter, with sellers collecting close to 97.5 cents on the dollar at closing, based on MLS data for 2026-07 closings in 75040. Concessions touched more than half of the 132 transactions recorded, yet the average concession size eased to roughly $5,300 — down from closer to $5,800 last month — suggesting sellers are spreading smaller give-backs across more deals rather than absorbing fewer large ones. Price per square foot held near $186, essentially flat, while the median sale price settled just under $300,000. Days to close tightened slightly to 26.

The pipeline complicates the picture of seller leverage suggested by this quarter's closings. Pending contracts fell sharply, dropping to 29 from 74 in the same window last month, even as active inventory edged up to 235 listings and new listings pace eased slightly to 201. Months of supply crept to 5.3 — still tighter than Dallas County's 6.4-month reading, but drifting toward buyers. Days on market as a velocity signal held steady at 26, showing no immediate slowdown in absorption, though the pending-contract falloff suggests sellers' current footing may not hold if the trend persists.