75048 Home Values

For the third consecutive month, homes in 75048 sold faster at closing, with the median time to close falling to just 20 days this quarter — down from 33 in June and 35 in May. Based on MLS data for 2026-07 closings in 75048, price per square foot held essentially flat at roughly $191, with a median sale price near $422,000, both little changed from the prior period. More than half of closings — about 54 percent — included seller concessions, a share similar to last month's, while sellers again received close to 97 cents on the dollar of asking price. Ninety-four homes closed in the latest quarter, a sample large enough to support confident readings.

Pending contracts in 75048 thinned notably this quarter, falling to just 25 after topping 50 as recently as June, even as new listings kept arriving at roughly the same pace — 171 versus 162 last period. Active inventory held steady at 169, but the shrinking pending count pulled months of supply down to about five and a half, from six and a half in June. Steady new supply paired with fewer contracts converting to pending status suggests homes are clearing escrow quickly once under contract, but fewer buyers are locking in deals early in the pipeline.

Homes in 75048 closed faster this quarter than the trailing annual pace — a median of 33 days on market versus 37 days over the prior 12 months — suggesting the pipeline that built up earlier this year is now clearing. Based on MLS data for 2026-06 closings in 75048, price per square foot held at roughly $194, with a median sale price near $424,000. Sellers continued to give back about two and a half cents on the dollar at closing, and just over half of transactions included concessions, though the average concession amount dipped modestly from the annual figure. Fewer than 2 percent of homes sold above list price, while roughly four in ten closed below.

New listing volume in 75048 jumped — roughly 162 homes came to market over the latest three-month window, up nearly a fifth from the prior period — while active inventory climbed to 169. Pending contracts rose more modestly to 51, leaving supply at about six and a half months. That widening gap between new supply entering the market and contracts being signed points to accumulating choice for buyers heading into midsummer. Dallas County's pending-to-active ratio is running tighter, suggesting 75048 is absorbing new supply more slowly than the county average.

ZIP 75048 recorded a median sale price of $419,000 over the past three months, with homes averaging $194 per square foot at closing. Sellers received about 97 cents on the dollar of their asking price, while nearly six in ten transactions included seller concessions averaging roughly $6,600. About four in ten closed sales settled below list price, compared to fewer than two in a hundred that went above asking. Year over year, prices across the trailing 12-month window have risen just over 3 percent, with homes spending a median of 35 days on market before closing.

Active inventory in 75048 sits at 142 homes, with 46 properties currently under contract — a pending-to-active ratio that points to measured absorption. New listings numbered 136 over the three-month window, and months of supply stands at 6.5, slightly below the Dallas County figure of 7.1. Days on market, used here as a velocity signal, have edged down from 38 to 35 days compared to the trailing 12-month average, suggesting the pipeline is moving at a modest but consistent pace.