75048 Home Values

Closings in 75048 slowed to a median of 25 days on market this quarter, ending a run of faster closes that had trimmed the figure from 35 in May to 20 in August. Based on MLS data for 2026-09 closings in 75048, price per square foot slipped to roughly $186 from about $192, even as the median sale price edged up to near $446,000, a sign that larger homes are again shaping the price mix. Roughly 54 percent of closings included seller concessions, averaging close to $8,000, while sellers still collected about 98 cents on the dollar of asking price. Nearly 100 closings support a firm reading.

New listings in 75048 pulled back to roughly 130 over the quarter, down from about 160, while pending contracts slipped further to 17, the lowest of the recent readings. Days on market lengthened as a velocity signal, rising to 25 from 20. Months of supply held near five, still tighter than Dallas County's roughly six and a half, with active inventory steady around 160. Thinner supply arriving alongside fewer contract signings suggests a quieter pipeline into October, with local inventory remaining scarcer than the county average.

Price per square foot in 75048 continues to trail the Dallas County median — roughly $192 against the county's $204 — even as the ZIP's overall sale prices run well above the countywide figure, near $434,000 versus roughly $379,000 based on MLS data for 2026-08 closings in 75048. That divergence points to larger homes changing hands locally rather than a stronger per-square-foot valuation. Sellers here also gave concessions more often than the county as a whole, with well over half of closings including some form of price break versus roughly half countywide, while still collecting close to 98 cents on the dollar of asking price. Homes kept closing quickly, with a median of 20 days on market.

Months of supply in 75048 sits tighter than the county at large this quarter — about five months against Dallas County's six and a half — even as pending contracts thinned to just 20 heading into fall, the lowest count in recent months. New listings held at roughly 160 for the quarter, a pace that hasn't kept up with the drop in contracts signed. The combination suggests inventory locally remains scarcer than the broader county pipeline, even as the rate homes are going under contract slows alongside it.

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.