75248 Home Values

Sellers in 75248 gave back less at the closing table this quarter, with average concessions easing to roughly $9,000 from about $10,400 a month earlier, based on MLS data for 2026-09 closings in 75248. Still, about four in ten deals carried a concession, noticeably below the roughly five in ten seen countywide, and sellers collected nearly 97.5 cents on the dollar, a hair better than the Dallas County norm. Price per square foot held near $266, roughly a third above the county's $201, while the typical sale closed in under four weeks. With about 130 closings in the window, the sample supports a standalone reading.

New listing activity in 75248 slipped to roughly 170 units, yet pending contracts stayed stuck at just 14, leaving the gap between homes entering the market and homes going under contract wide open. Active inventory eased to about 230 homes, and months of supply near five remains under Dallas County's roughly seven, though still above the four-month line that marks a seller-leaning market. Days on market holding near four weeks suggests homes that do attract offers still move briskly, even as contract signings stay thin heading into the fourth quarter.

Extending a stretch of stability that has carried through the summer, price per square foot in 75248 settled near $266 this quarter — based on MLS data for 2026-08 closings in 75248. Average concessions climbed to roughly $10,400, up from near $9,500 last month, even as the share of deals carrying any concession eased slightly to under four in ten. Sellers continued to capture close to 98 cents on the dollar at closing, and the share of transactions closing below list narrowed to about one in four, well under the trailing annual rate near four in ten. More than 140 homes closed during the period, keeping the sample thick enough for a standalone reading.

For the second consecutive month, pending contracts in 75248 pulled back — sliding to just 16 from 46, a retreat sharp enough to widen months of supply past five and extend the buyer-favorable cushion flagged last period. New listing activity also eased to roughly 200 units, while active inventory held near 250 homes, keeping available stock roughly level even as contract-signing activity thins. The widening gap between listings added and contracts signed suggests the supply overhang building through summer is carrying into fall rather than resolving.

A steady run of transactions carried through 75248 this quarter, with more than 150 closings recording — consistent with the pace of the past two periods — based on MLS data for 2026-07 closings in 75248. The typical sale closed in roughly three weeks, still ahead of the trailing annual average near a month, even as the concession rate climbed to nearly four in ten deals and average givebacks held near $9,500. Sellers received close to 98 cents on the dollar, little changed from last month, while about three in ten transactions closed under list — drifting back toward the year-long norm. Price per square foot settled near $263, roughly level with the 12-month baseline.

The forward pipeline in 75248 cooled this quarter: pending contracts fell to 46, down sharply from the pace maintained earlier this year, even as new listing activity also pulled back to roughly 210 units. Active inventory held flat at 231 homes, leaving months of supply near 4.4 — edging toward the four-month threshold that typically marks a shift in negotiating balance. With new listings still outrunning pending contracts by a wide margin, the imbalance points toward softer contract-signing momentum carrying into the back half of the year.