75214 Home Values
75214 Market Snapshot
| Active 264 listings | New 77 30 days | Closed 56 30 days | Pending 6 30 days | Supply 5.4 months | Absorption 6.4% monthly | Over List 0.4% sold above | Under List 34% sold below | Concessions 29.8% % of solds | Avg Concession $9,504 seller paid |
Source: NTREIS MLS • Excludes leases • Jul 2026
75214 Market Trends
Lakewood Keeps Drawing the Checkbooks
Lakewood proper anchors this zip with a deep bench of 1940s and 1950s Austin-stone cottages and Tudor bungalows on generous lots, many pushing 9,000 to 11,000 square feet. Caruth Terrace and Caruth Meadows fill in with tidy mid-century ranches, while Wilshire Heights and Munger Place contribute smaller-lot builds and historic fourplexes. The newer construction that does appear tends toward high-end transitional and modern farmhouse infill on teardown lots, often north of two million dollars.
Price per square foot in 75214 held near $440 in the latest quarter, based on MLS data for 2026-07 closings in 75214, with the median closing settling around $930,000. But the more telling figure for buyers is the list-to-sale gap: not a single closed sale this quarter went above asking, down from a small handful over the trailing year, while sellers still collected nearly 99 cents on every listed dollar. Fewer than one in four sales closed below list, a pullback from the roughly one-in-three rate recorded across the trailing year. Concession activity ticked up to nearly $9,500 per transaction, as buyers extract smaller price cuts but avoid the bidding wars that once pushed sales above asking.
Active inventory in 75214 held steady at roughly 255 listings, even as new listings entered the pipeline at a faster clip than the trailing-year average. Months of supply eased to a little over five, down from nearly six a year ago — still comfortable enough to leave buyers some room, but narrowing. Contracts appear to be converting to closings faster than before, thinning the pending count even as new inventory accumulates, a signal that whatever leverage buyers held recently is beginning to erode.
Market Updates
Price per square foot in 75214 held near $440 in the latest quarter, based on MLS data for 2026-07 closings in 75214, with the median closing settling around $930,000. But the more telling figure for buyers is the list-to-sale gap: not a single closed sale this quarter went above asking, down from a small handful over the trailing year, while sellers still collected nearly 99 cents on every listed dollar. Fewer than one in four sales closed below list, a pullback from the roughly one-in-three rate recorded across the trailing year. Concession activity ticked up to nearly $9,500 per transaction, as buyers extract smaller price cuts but avoid the bidding wars that once pushed sales above asking.
Active inventory in 75214 held steady at roughly 255 listings, even as new listings entered the pipeline at a faster clip than the trailing-year average. Months of supply eased to a little over five, down from nearly six a year ago — still comfortable enough to leave buyers some room, but narrowing. Contracts appear to be converting to closings faster than before, thinning the pending count even as new inventory accumulates, a signal that whatever leverage buyers held recently is beginning to erode.
Median days on market in 75214 collapsed to roughly ten days in the latest quarter — less than half the trailing-twelve-month pace — signaling a sharp acceleration in transaction velocity, based on MLS data for 2026-06 closings in 75214. Price per square foot pushed above $445, up from roughly $420 over the prior year period, with the median closing approaching $1.05 million. Sellers gave back less than two cents on the dollar at closing, meaningfully tighter than the annual average, and the concession pool shrank by nearly $5,000 per transaction. Fewer than one in four closed sales settled below list, a marked improvement from the one-in-three rate recorded over the trailing year.
The pipeline in 75214 reflects the same acceleration seen in closed data. Active listings held steady at roughly 260 homes, but pending contracts tracked at just under 100 in the latest quarter — a fraction of the 430-plus pending count recorded over the trailing year — compressing months of supply to about four and a half. New listing activity came in at roughly 285 for the quarter, and with pending volume absorbing a growing share of that flow, the supply cushion heading into late summer is thinning. Velocity signals in the pipeline confirm that the market has shifted gear since spring.
Zip code 75214 operates in a markedly different price register than Dallas County as a whole. Price per square foot in 75214 ran roughly twice the county benchmark in the latest quarter — well above the county figure — with the median closing approaching $1.1 million, based on MLS data for the trailing period's closings in 75214. Sellers here gave back less than two cents on the dollar at closing, a tighter discount than the county average. Concession activity was also notably lower than the countywide rate, and just over one in five closed sales settled below list — less than half the county's under-list share.
The pipeline picture in 75214 diverges sharply from Dallas County norms. Active inventory relative to pending contracts suggests roughly 2.5 months of supply — considerably tighter than the county's seven-plus months — meaning demand is absorbing new listings at a faster pace. New listing activity has been healthy, with roughly 250 new offerings entering the market in the most recent quarter, but pending contracts are tracking at a rate that keeps the supply gap from widening. The velocity signals point toward continued seller-favorable conditions heading into summer.
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Market data last updated Aug 1, 2026, 6:00 AM CDT · Editorial updated Jul 27, 2026, 11:08 PM CDT
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