75117 Home Values

Price per square foot in 75117 held close to flat this quarter at roughly $197, barely above the $192 trailing-year mark, but the sale price told a sharper story: median closings landed near $364,000, up close to fourteen percent from the trailing-year baseline, based on MLS data for 2026-07 closings in 75117. Homes that closed moved through contract in about fifty days, still faster than the roughly two-month trailing-year pace even with some give-back from recent months. Concessions eased to roughly one in four deals and ran smaller in dollar terms than the trailing-year norm, while the share of buyers closing below list price crept toward four in ten.

Pending contracts in 75117 pulled back sharply this quarter to just nine, down from a far fuller trailing-year pipeline, even as new listings kept arriving at a pace of roughly forty and active inventory held near seventy homes. Months of supply eased to just under seven, a retreat from the trailing-year level near nine and a half, though still well above the four-month mark that typically signals balanced conditions. The widening gap between listings reaching the market and contracts being written points to a pipeline still working through backlog rather than accelerating past it.

The negotiation gap between list and sale prices in 75117 narrowed in the most recent quarter, with sellers receiving roughly 99 cents on the dollar at closing — a modest improvement from the trailing-year average, based on MLS data for 2026-06 closings in 75117. Homes that transacted moved to contract in about 43 days, down from roughly 61 days over the prior year, suggesting the pace of deals accelerated even as supply remains elevated. Price per square foot reached approximately 96 in the quarter, continuing the upward drift from the 83 trailing-year baseline. The concession rate declined to roughly one in four transactions, and the share of buyers closing below list price eased — directionally positive for sellers, though the moderate sample size warrants measured interpretation.

The pipeline in 75117 shows months of supply tightening from roughly 12 months to just under 10, which represents meaningful movement but still leaves the market firmly in buyer-favorable territory. Active listings held steady at around 85 homes while pending contracts stood at just 14 — a ratio that continues to favor buyers heading into the summer window. New listing activity remained brisk relative to pending volume, and the declining DOM trend signals that homes that do find buyers are moving faster, even as overall absorption stays slow. The limited sample base means directional readings should be anchored against broader Van Zandt County conditions where available.

Closed transactions in 75117 show price per square foot landing near $194 in the most recent quarter — modestly above the trailing-year figure of roughly $181, based on MLS data for 2026-05 closings in 75117. The directional data suggests upward price movement, though with just 18 closings in the three-month window, the signal carries wide confidence intervals. Sellers in this zip received essentially all of their asking price at closing, with buyers rarely negotiating below list. The concession rate — roughly one in five deals — points to selective but meaningful accommodation at the negotiating table.

The pipeline in 75117 tells a different story than the closed-sale data: nearly 50 new listings entered the market against just 10 pending contracts in the trailing quarter, a ratio that favors buyers heading into the coming months. With roughly 12 to 13 months of supply — well above the threshold that typically marks a buyer's market — active inventory has accumulated without a corresponding uptick in pending activity. The limited sample suggests this imbalance is directionally significant, though Van Zandt County's broader conditions would help anchor the full picture.