75040 Home Values
75040 Market Snapshot
| Median Sale Price $298,202 ▼ 2.8% YoY | Price per Sq Ft $186 median $/sqft | Days on Market 28 list to contract | Sale-to-List 97.3% of original asking |
| Active 134 listings | New 0 30 days | Closed 0 30 days | Pending 0 30 days | Supply 7.6 months | Absorption 26.9% monthly | Over List 1.3% sold above | Under List 43.7% sold below | Concessions 53.7% % of solds | Avg Concession $20,607 seller paid |
Source: NTREIS MLS • Excludes leases • Apr 2026
75040 Market Trends
Garland Flippers Are Reshaping 75040
The 75040 inventory tells a clear story: mid-century ranch homes from the 1950s through 1970s line the residential streets, most sitting on generous lots between 7,000 and 10,000 square feet. Renovators have been active here, gutting these brick ranches down to the studs and pushing them back to market with quartz countertops, LVP flooring, and open-concept layouts. You will also find two-story builds from the 1980s and 1990s clustered around the Firewheel corridor, along with a small pocket of newer Grand Homes construction in the Emerald Forest enclave.
Buyers in 75040 have breathing room they did not have a year ago. Supply has crossed into balanced territory, meaning sellers can no longer count on weekend bidding wars to bail out an aggressive list price. Values have held essentially flat year over year. Concessions are creeping in, with sellers routinely covering closing costs to keep deals together. The volume of closed transactions remains healthy, signaling steady demand.
If you are listing a renovated flip in 75040, your competition is fierce: dozens of nearly identical quartz-and-LVP remodels sit on the market simultaneously. Differentiate with something buyers cannot replicate cheaply, like a pool, an oversized lot, or a genuine second living area. Price precisely at the first showing, because the days of testing the market with a high ask and adjusting later are over in this zip code.
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Market data last updated Apr 2, 2026, 12:22 PM CDT
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