75061 Home Values

For much of the past year, 75061 homes closed faster than the Dallas County norm — a pattern that reversed this quarter. Closings here took a median 31 days versus 27 countywide, putting the zip code on the slower side of the county. The price discount held familiar ground: price per square foot of roughly $187 remained about eight percent below Dallas County's near-$204 figure, narrowing slightly from the ten-percent gap seen earlier this year. Sellers received almost the same share of asking price as the county overall — both landing near 97 cents on the dollar — based on MLS data for August 2026 closings in 75061.

The supply gap between 75061 and Dallas County widened this quarter. Months of supply here sits near four, well under the county's roughly six and a half — a tighter local pipeline that continues to outpace the broader market's absorption pace. Pending contracts held modest at ten against roughly 96 active listings, a share of contracted-to-active supply that runs slightly ahead of the county's ratio. New listings kept arriving at a brisk clip relative to the active pool, suggesting the local pipeline is refreshing faster than it's tightening, even as the supply gap versus Dallas County persists.

Homes in 75061 closed in a median of 17 days this quarter, down sharply from 31 days over the trailing year — one of the more pronounced velocity shifts tracked here. That faster pace came alongside a price per square foot of roughly $190, up from about $185 across the trailing twelve months, while the median sale price held close to flat near $340,000. Sellers also pulled back on concessions, with fewer than half of closings including a give-back this quarter versus more than half over the trailing year, and the typical concession easing toward $6,900. Based on MLS data for July 2026 closings in 75061, buyers closed near 98 cents on the dollar of list, slightly above the trailing-year norm.

With months of supply easing to roughly four in 75061 — versus about six and a half county-wide — the pipeline directionally echoes the faster closing pace seen this quarter. Active listings held near 100 units, but pending contracts fell to just 22, a pending-to-active ratio that lags the pace this quarter's velocity trend would suggest. New listing activity brought roughly 95 fresh listings into the market, keeping supply from tightening further even as Dallas County's broader pipeline moves at a noticeably slower clip.

While Dallas County's median price per square foot sits near $206, 75061 closed the latest quarter at roughly $186 — a discount of about ten percent that has held steady through the spring. Based on MLS data for June 2026 closings in 75061, homes here spent a median of 20 days under contract before closing, compared to 28 days across Dallas County — a gap that signals notably sharper local absorption. Sellers in 75061 also shed concession exposure relative to the trailing year: fewer than half of closings included seller concessions this quarter, down from more than half over the prior twelve months, and average concession amounts pulled back to roughly $6,200 from about $7,600.

The supply picture in 75061 diverges meaningfully from Dallas County's broader conditions. With months of supply near 4.6 locally versus roughly 6.3 county-wide, 75061 sits closer to equilibrium — a tighter backdrop than the parent market suggests. Active listings held near 100 units while 107 new listings entered the period, keeping the pipeline roughly balanced. Pending contracts at 42 represent a pending-to-active ratio that directionally trails the velocity suggested by closed-sale DOM, pointing to a possible moderation in absorption pace heading into mid-summer.