75116 Home Values

Homes in 75116 took roughly seven weeks to sell last quarter — nearly double the Dallas County median close time — even as price per square foot held near $159, about $47 under the county's trailing benchmark. Based on MLS data for 2026-07 closings in 75116, the median sale price landed close to $323,000, roughly $56,000 below the county figure, while sellers accepted concessions on nearly seven in ten deals, versus roughly one in two countywide. Not a single home closed above list, yet sellers still kept about 97 cents on every dollar asked — nearly matching the county's collection rate despite the wider gaps on price, pace, and concessions. Prices here remain up nearly 10% from a year ago.

Pipeline data reinforces the divergence: 75116 carries roughly seven months of supply against the county's six, and just nine of the zip's 76 active listings have moved to pending status — a thinner absorption rate than the county's own pace. New listings continued arriving faster than contracts were signed, with 61 new listings landing against only nine pendings this quarter, widening the gap between the two markets heading into late summer.

Buyers in 75116 extracted meaningful concessions at the table last quarter, with roughly eight in ten closings including a seller credit — up from about seven in ten over the trailing year. The average concession approached $9,000, and not a single transaction closed above list price. Based on MLS data for 2026-06 closings in 75116, sellers gave back roughly four to five cents on the dollar at closing, directionally consistent with a market where more than half of all deals settled below asking. The limited sample of roughly 30 closings means exact figures carry some uncertainty, but the pattern holds across multiple negotiation metrics.

The supply picture heading into summer reinforces the leverage buyers have been extracting at closing. With roughly seven months of supply — up from about five months over the trailing year — and pending contracts representing fewer than one in four active listings, absorption in 75116 is running below a balanced pace. New listing activity added roughly 50 homes to the pool this quarter, while just 19 went under contract. Dallas County's comparable supply reading of just over six months lends regional context to the directional signal, despite the moderate transaction count in this zip.

Price per square foot in 75116 lands roughly $45 below the Dallas County trailing median in the most recent quarter — a gap that directionally suggests the zip code occupies a distinct tier of the county market. Based on MLS data for the current period's closings in 75116, the median closing price ran about $75,000 under the county benchmark, and sellers conceded at a rate approaching eight in ten transactions — nearly double the county's concession frequency. The limited sample of roughly 30 closings this quarter means these figures carry wider confidence intervals, but the directional spread from the county baseline is consistent across multiple valuation metrics.

The supply picture in 75116 diverges from the county pattern in a notable way: with roughly six months of supply on hand, the zip code shows a tighter inventory cushion than Dallas County's broader reading, yet pending contracts represent a thin fraction of active listings — just 17 pending against 63 active homes. New listing activity has outpaced contract absorption in recent months, suggesting the pending-to-active ratio may compress further. Dallas County's pipeline trends show a similar absorption dynamic at scale, lending some support to the directional signal despite the moderate transaction volume.