75231 Home Values

Nearly half of 75231 closed sales landed below asking this quarter, while barely any cleared above it, leaving buyers steady room to negotiate. Based on MLS data for 2026-09 closings in 75231, sellers received roughly ninety-five and a half cents on the dollar, and concessions appeared in about a third of deals, averaging around $4,000, well under the near-$7,700 average across the trailing year. Price per square foot near $275 held above the annual baseline of about $265, and the median sale price of roughly $619,000 sat well above the roughly $546,000 annual figure. With seventy closings, the pattern is directional rather than definitive.

Supply in 75231 stayed heavy relative to demand: about 190 active listings sat against fewer than ten pending contracts, and months of supply near eight remained above Dallas County's roughly six and a half to seven. New listings, near 125 for the quarter, again outran contracts by a wide margin, though both active inventory and listing pace eased modestly from last month. Median time on market stretched slightly to roughly four weeks, a small step back from August's faster pace, keeping the pipeline tilted toward buyers heading into the fall.

Time on closed sales in 75231 compressed to roughly twenty-six days this quarter, continuing a pickup flagged last month and now faster than Dallas County's broader median near twenty-seven days. Based on MLS data for 2026-08 closings in 75231, price per square foot held near $270, a modest step up from the trailing 12-month baseline near $261, while the quarter's median sale price of roughly $622,000 sat well above the annual figure near $526,000. Sellers received close to ninety-seven cents on the dollar, and concessions appeared in roughly three in ten sales, down from nearly four in ten across the trailing year, with no closings clearing above list. The quarter's seventy-plus closings keep the shift directional rather than definitive.

The pipeline tells a quieter story than the closing pace above: with only about ten homes pending against 204 active listings, absorption in 75231 lags noticeably behind Dallas County's broader pending-to-active ratio. New listings, near 135 for the quarter, continued to outnumber pending contracts by a wide margin, and months of supply near 8.3 remains well above the county's roughly 6.5. The faster closing timelines have not yet translated into a tighter pipeline, a gap worth watching as fall approaches.

While Dallas County closings settled near $206 per square foot in the latest quarter, 75231 cleared better than a third higher. Based on MLS data for 2026-07 closings in 75231, the median sale price near $560,000 also ran roughly half again above the countywide figure. Sellers in the zip gave back slightly more ground at the table than their county counterparts, closing near 96 cents on the dollar against a county rate closer to 98. Concessions showed up in just under a third of 75231's closings, well below the county's near-half rate, and no transactions cleared above list this quarter. Year-over-year, sale prices in the zip remain up by double digits, keeping the premium over county pricing intact.

The pipeline in 75231 carries more slack than the county overall: months of supply near 8.3 sit well above Dallas County's roughly 6.4, even as the zip's price premium holds. Active listings in the zip numbered near 219 against about 28 pending contracts, a thinner absorption ratio than the county's broader pipeline. New listings during the quarter, near 167, continued to build faster than pending contracts could absorb, widening the local supply cushion relative to county conditions. Time-to-contract has also compressed versus the trailing annual pace, a velocity signal running counter to the still-elevated supply overhang.