75204 Home Values

While Dallas County's median closing price per square foot held near $205 this quarter, 75204 continued to price in a different tier altogether — roughly 57% higher, based on MLS data for 2026-07 closings in 75204. The zip's median sale price of about $535K sits some $155K above the county figure, a gap that has held for a third straight reporting period. Sellers here received close to 97 cents on the dollar, essentially matching the county average, though concessions appeared in only about a third of deals — well under Dallas County's nearly half — with assistance averaging roughly $6,100 where it was offered. Values remain down about 5% year over year.

The pipeline signal to watch in 75204 this quarter is pending contracts, which slid to roughly 30 — nearly half of last month's count — even as active listings held near 290 and new listings kept arriving at more than six times that pace. Months of supply near 8.4 remains well above Dallas County's roughly six-month pace, reinforcing that absorption here continues to lag the broader market. Closing timelines have also quickened relative to the trailing-year average, a velocity signal that cuts against the softening implied by the widening supply gap.

Active listing competition gave buyers in 75204 measurable room at the negotiating table last quarter. Based on MLS data for 2026-06 closings in 75204, price per square foot held near $322 — steady against the trailing annual rate but still running well above the Dallas County floor. None of the 103 closings settled above list, while nearly four in ten transactions closed below asking, with sellers giving back roughly three cents on the dollar at the closing table. Concession activity remained common, present in more than a third of deals, with the average assistance rising to roughly $6,200. Year over year, values have pulled back nearly 6%.

The supply-demand gap in 75204 shows little sign of narrowing. Active listings held near 290 while pending contracts stood at roughly 60, a pending-to-active ratio well under a quarter — a structural imbalance that has persisted from the prior month. Months of supply at about 8.4 remains meaningfully above the roughly 6-month Dallas County pace, confirming that this zip carries softer absorption than the broader market. New listing volume continued to outpace contract activity by a wide margin, sustaining the conditions that give buyers negotiating leverage heading into the second half of the year.

Price per square foot in 75204 ran nearly 58% above the Dallas County benchmark in the latest quarter — a gap that underscores how differently this urban zip prices relative to the broader metro. Based on MLS data for 2026-05 closings in 75204, the median sale landed near $530K while sellers received about 97 cents on the dollar, roughly in line with the county average. Homes that did close spent about 41 days on market, and just over a third of transactions included seller concessions averaging roughly $5,700 — a noticeably lower concession rate than Dallas County's nearly 50%. Year-over-year, prices in 75204 pulled back about 5%, the sharpest annual correction in the current dataset.

The pipeline in 75204 is carrying a pronounced imbalance: active listings stand near 260 while pending contracts sit at fewer than 55, producing a pending-to-active ratio well below parity. Months of supply at roughly 8.5 exceeds the Dallas County pace of about 7 months, suggesting conditions here are softer than the county aggregate. New listing activity remained elevated relative to pending absorption, and unless contract volume accelerates, the supply overhang heading into summer is likely to widen further.