75229 Home Values

Closings accelerated across 75229 this summer, with roughly 120 sales in the trailing quarter — a pace well above the zip's year-long average, based on MLS data for 2026-08 closings in 75229. Homes continued moving quickly once listed, spending roughly three weeks on market before contract, a third quicker than the trailing 12-month norm. Price per square foot held near $355, a touch above where it stood a month earlier and still running well ahead of the county benchmark. Sellers kept the upper hand at the negotiating table: list-to-sale ratios stayed near 97 percent, concessions touched nearly three in ten deals, and over-list offers remained rare.

Pending contracts in 75229 fell sharply this quarter, dropping to a fraction of the level seen earlier in the year even as active listings held steady near 194. New listings kept arriving at a pace roughly matching the broader pipeline pattern, widening the gap between what's coming onto the market and what's moving into contract. Months of supply eased to under five, still tighter than the county's more-than-six-month backlog, but the thinning pending pipeline suggests the summer's brisk absorption pace may be losing momentum heading into fall.

While Dallas County's median sale price held near $380,000 in the trailing three months, homes in 75229 traded in another tier entirely — a median price per square foot of $351, roughly 70% above the county figure, based on MLS data for 2026-07 closings in 75229. That premium has held for a third straight month, narrowing only slightly from June's peak. The zip's median sale price cleared $1 million, more than double the county's typical closing, while days on market ran about a week shorter than the county average. Concessions touched roughly three in ten deals here, well below the county's nearly one-in-two rate, with list-to-sale ratios holding near 98 percent.

Pending contracts in 75229 are running well ahead of the county's pace relative to what's actively listed, a signal that hasn't let up through the summer. Months of supply near five remain tighter than the more-than-six figure across Dallas County, even as new listings keep arriving at a steady clip relative to the active pool. The gap between the zip's absorption speed and the broader county's continues to hold, keeping upward pressure on how quickly available inventory clears here relative to the county overall.

The negotiation gap between what sellers asked and what buyers paid narrowed further in 75229 this quarter — sellers gave back less than two cents on the dollar at closing, based on MLS data for 2026-06 closings in 75229. Price per square foot climbed to roughly $354, up from the mid-$330s earlier in the year and now running at a 72% premium above the broader Dallas County benchmark. Median sale prices crossed $1.1 million in the trailing three months, reflecting an annual appreciation rate pushing toward 12%. Concession activity, while present in about three in ten deals, averaged roughly $9,000 — modest relative to the price range transacting here.

The supply picture in 75229 tightened compared to the full-year baseline, with months of supply dropping to roughly five and a half — a signal that the absorption pace has quickened even as new listing activity continues at a steady clip. Pending contracts currently number well under half the active listing count, suggesting that individual properties face meaningful competition for buyers. The balance between fresh supply and contract activity will be the key variable to watch as the summer selling season develops.