75116 Home Values

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.