75119 Home Values

Closing volume in 75119 stayed elevated, with nearly 120 transactions completing during the trailing quarter — based on MLS data for 2026-07 closings in 75119 — even as the time to close continued to stretch. Median days on market climbed to 56, a meaningful extension that keeps building on the slower-absorption pattern that first surfaced this spring. Price per square foot held near $168, with a median sale price close to $274,000, tracking slightly below year-ago levels. Sellers kept absorbing costs at the table: nearly two in three transactions carried a concession averaging close to $7,600, while only about one in thirty sales closed above list and more than three in five settled below.

Pending contracts in 75119 numbered just 31 over the trailing quarter, a thin pool against nearly 191 new listings that reached the market over the same window — a gap that continues to widen rather than close. Active inventory held near 292 homes, keeping months of supply above seven, well beyond typical equilibrium. With days on market already extending on the closed-sale side, the pipeline offers little evidence of a near-term acceleration; if anything, the shrinking pending count points toward absorption slowing further before it speeds up.

While Ellis County price per square foot held near $186 in the latest quarter, 75119 tracked roughly $170 — a gap of about nine percent that has persisted even as closed volume in the zip code reached more than 100 transactions. Based on MLS data for 2026-06 closings in 75119, the median sale price came in near $274,000, well below the county-wide figure, and sellers here continued to give back more than sellers across Ellis broadly: nearly two-thirds of closings carried a concession averaging over $7,000. Only about one in forty sales closed above list, while more than half settled below, reinforcing a discount-to-list pattern that is slightly more pronounced in 75119 than in the county at large.

New listing activity in 75119 accelerated meaningfully in recent months, reaching roughly 190 homes — a pace that outpaced pending contracts by a wide margin, as only about 60 contracts moved to pending status over the same window. With active supply holding above 300 homes and months of supply near eight, the pipeline suggests conditions in 75119 remain looser than the county benchmark, where supply runs closer to six months. The widening gap between new listings and pending activity signals that any compression in 75119's supply overhang is unlikely in the near term.

Days on market in 75119 stretched to nearly two months in the latest quarter, a meaningful extension from the trailing-year pace — based on MLS data for 2026-05 closings in 75119. Price per square foot edged higher to roughly $170, with a median closing price near $279,000. Sellers in 75119 continued to absorb concession requests: nearly two-thirds of transactions included a seller concession, averaging close to $7,200 at the table. Just under 4% of sales closed above list while more than half settled below, a pattern that held even as per-square-foot values ticked up modestly.

Active inventory in 75119 held at 283 homes while pending contracts numbered just 56 — a ratio pointing to a slow absorption pace heading into summer. With roughly 8 months of supply in the pipeline, conditions favor buyers with patience to negotiate. New listing activity over the recent quarter reached 165 homes, outpacing pending contracts by a wide margin and suggesting the supply overhang is unlikely to compress quickly in the near term.