75040 Home Values

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.

Closings in 75040 accelerated through the most recent quarter, with nearly 130 transactions recorded — a roughly 16 percent jump from the prior window based on MLS data for 2026-06 closings in 75040. Median days to close tightened to 28, down from 30, as appropriately priced homes found buyers without extended time on market. Price per square foot held steady near $186, consistent with the trailing annual average, while the median sale price settled just under $296,000. Sellers continued to field concessions on roughly half of all transactions, averaging near $5,800 — and homes closed at about 97 cents on the dollar. Year-over-year, values have softened roughly 3 percent.

New listing activity in 75040 picked up notably over the quarter — roughly 213 homes came to market, up from 191 the prior period — while the pending count grew more modestly to 74. The result is a widening gap between supply entering the pipeline and committed buyers, pushing active inventory to about 220 homes. Months of supply eased slightly to just over five, marginally tighter than Dallas County's roughly six-month supply, suggesting 75040 is absorbing new stock at a comparable pace. Days on market at 28 reflects steady throughput, with no sign yet of listings stacking up unsold.

Homes in ZIP code 75040 sold at a median of $186 per square foot over the past three months, with a median sale price of $288,505 — roughly 23 percent below the broader Dallas County median. Sellers received about 97 cents on the dollar at closing, and just under nine in ten sales closed below list price. Concessions featured in more than half of all transactions, with an average concession amount near $5,700. Year-over-year, the median sale price has declined roughly 3.6 percent. The median time from listing to close was 30 days, and 111 transactions closed during the period.

The 75040 ZIP code carried 195 active listings at last measure, with 69 homes under contract — a pending-to-active ratio that reflects measured buyer engagement. New listings totaled 191 over the quarter. Months of supply stood near 5.3, indicating a market that leans toward buyers but has not reached the elevated inventory levels seen across Dallas County as a whole, where supply reached 7.1 months. Days on market as a velocity signal remained steady at 30 days, suggesting listings that are priced appropriately are still moving without extended sitting time.