75116 Home Values

Set against Dallas County, 75116 still occupies a distinct tier: price per square foot runs roughly $30 under the county's trailing benchmark of about $200, and the median sale price of roughly $336,000 sits about $35,000 below the countywide figure. Based on MLS data for 2026-09 closings in 75116, homes sold in about a month, matching the county's pace after taking nearly seven weeks earlier this summer. Sellers kept roughly 97 cents on the dollar, level with the county, though concessions appeared in a bit over half of deals versus about one in two countywide. The limited sample of about 30 closings makes these gaps directional.

Pipeline data complicates the faster closing pace. Only two contracts were pending against 68 active listings in 75116, a far thinner absorption ratio than Dallas County's, where pending deals equal roughly one in fourteen active homes. New listings kept arriving, 56 this quarter, slightly below last month's pace but still well ahead of new contracts. Months of supply hovered near six and a half, essentially matching the county's reading, while median time on market held near 30 days, suggesting homes that do attract offers still move quickly.

Holding to roughly the trailing year's pace, 75116 logged 33 closings while the median time-to-close kept easing — down to about 44 days from the seven weeks reported last quarter. Based on MLS data for 2026-08 closings in 75116, price per square foot ticked back up to about $164, recovering some of last month's dip though still trailing the year's median. Sellers kept roughly 97 cents on every dollar asked, a shade better than the trailing-year average. Concessions grew larger on average but showed up in just over half of transactions, down sharply from nearly seven in ten a quarter ago.

The pipeline tells a starker story than the closing table. Pending contracts in 75116 fell to just four this quarter, continuing a slide that's stretched three straight months, even as new listings arrived at an above-average clip — 61 in the period, outpacing the year's typical pace. Active inventory held flat at 69 homes, and months of supply crept up to roughly six and a third, just under Dallas County's own six-and-a-half-month reading, though the county's pipeline is absorbing new contracts at a noticeably faster clip than this zip.

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.