75214 Home Values
75214 Market Snapshot
| Active 267 listings | New 81 30 days | Closed 40 30 days | Pending 7 30 days | Supply 6.2 months | Absorption 5.2% monthly | Over List 0.2% sold above | Under List 32.2% sold below | Concessions 30.8% % of solds | Avg Concession $10,560 seller paid |
Source: NTREIS MLS • Excludes leases • Sep 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.
Closed-sale timelines in 75214 stretched to roughly three weeks in the latest quarter, up from about two weeks last month, based on MLS data for 2026-09 closings in 75214 — though still a touch faster than the trailing-year median near three and a half weeks. Price per square foot held essentially flat near $434, but the typical closing price rebounded past $1 million, reversing two straight months below the trailing-year benchmark of just under $995,000. Concession dollars extended a climb that began in July, reaching roughly $13,100 per transaction, and the share of sales carrying concessions rose to more than a third. For a third straight month, no closed sale fetched above asking.
Pending contracts in 75214 cratered to just nine by quarter's end, down from 17 last month and a fraction of the 308 recorded across the trailing year, even as active inventory held exactly steady at 250 listings. New listing activity also eased, slipping to roughly 212 for the quarter from around 235 the month prior. Months of supply ticked up only slightly to just under six months — still comfortably tighter than Dallas County's own reading near seven months — suggesting the slowdown in contract velocity hasn't yet translated into a meaningful supply buildup.
Market Updates
Closed-sale timelines in 75214 stretched to roughly three weeks in the latest quarter, up from about two weeks last month, based on MLS data for 2026-09 closings in 75214 — though still a touch faster than the trailing-year median near three and a half weeks. Price per square foot held essentially flat near $434, but the typical closing price rebounded past $1 million, reversing two straight months below the trailing-year benchmark of just under $995,000. Concession dollars extended a climb that began in July, reaching roughly $13,100 per transaction, and the share of sales carrying concessions rose to more than a third. For a third straight month, no closed sale fetched above asking.
Pending contracts in 75214 cratered to just nine by quarter's end, down from 17 last month and a fraction of the 308 recorded across the trailing year, even as active inventory held exactly steady at 250 listings. New listing activity also eased, slipping to roughly 212 for the quarter from around 235 the month prior. Months of supply ticked up only slightly to just under six months — still comfortably tighter than Dallas County's own reading near seven months — suggesting the slowdown in contract velocity hasn't yet translated into a meaningful supply buildup.
Price per square foot in 75214 extended a run above $420 that stretches back to spring, climbing to roughly $436 in the latest quarter — based on MLS data for 2026-08 closings in 75214 — even as the typical closing price eased to just under $925,000, down from nearly $964,000 across the trailing year. Homes that closed took about two weeks to sell, less than half the annual pace of just over three weeks. Sellers landed within a penny and a half of full asking price, and for a second straight month no closed sale went above list. Concession dollars climbed to roughly $11,000 per transaction, even as the share of sales carrying concessions held near three in ten.
Pipeline signals in 75214 point to a market still converting contracts quickly, even as days-on-market ticked up slightly from June's frenetic pace: pending listings sat at just 17 by quarter's end, thinned out from the roughly 341 recorded across the trailing year as contracts convert to closings faster than they're replaced. New listings held near their usual quarterly pace of about 235, keeping active inventory steady at roughly 265 homes. Months of supply eased to about five and a half, tighter than the trailing-year mark near six and still under Dallas County's own reading near six and a half.
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 Oct 1, 2026, 6:00 AM CDT · Editorial updated Sep 28, 2026, 7:35 AM CDT
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