75240 Home Values

75240 is a patchwork. You've got 60s ranch homes on deep lots along the residential streets off Coit and Preston, side-by-side duplexes that have been feeding the rental market for decades, and gated townhome communities tucked behind the retail corridors. The Galleria anchors the commercial identity, but the housing stock fans out in every direction with no single dominant style. Richardson ISD zoning gives the single-family homes a recruiting advantage.

Per-square-foot values in 75240 directionally suggest softening relative to the broader Dallas market — recent closings tracked near roughly $225 per square foot, modestly above the county median but well off the zip code's own trailing-year pace of $232. Based on MLS data for May 2026 closings in 75240, sellers gave back roughly five cents on the dollar, with nearly two-thirds of closed sales settling below list price. A limited sample of 18 transactions over the past three months points toward sustained buyer-side conditions, reinforced by a year-over-year price decline of roughly 15 percent.

With roughly 14.7 months of supply in 75240, absorption runs at more than double the Dallas County pace of around 7 months — a gap that directionally suggests continued buyer-side conditions in the near term. Pending contracts numbered 18 against 59 new listings in the trailing quarter, a conversion rate that points toward ongoing inventory accumulation. At 55 days, 75240's closing velocity has slowed considerably from its trailing-year pace of 36 days, moving further from the county's 34-day benchmark.