75028 Real Estate Market

Sellers in 75028 are in a strong position, with homes closing at a median of $598,000 against a list price of $580,000 and 18.4% of homes selling above asking price. With a median of just 18 days on market, well-priced and well-presented homes are attracting serious buyers quickly.

Buyers should be prepared to move decisively in this market, as homes are spending a median of only 18 days on market and closing at an average of 97.7% of list price. Getting pre-approved and submitting a strong initial offer will be critical to competing effectively in 75028.

The median rent of $2,300 against a median sale price of $598,000 produces a tight gross yield that demands thorough cash flow analysis before purchasing. Investors focused on larger units may find more opportunity, as 4-bedroom rentals are reaching $3,200 per month and 5-bedroom rentals are reaching $3,900 per month.

At a 30-year fixed rate of 6.37%, the monthly carrying cost on a $598,000 home is substantial and should be carefully factored into any purchase budget. Buyers who can manage a higher monthly payment may benefit from the 15-year fixed option at 5.72%, which reduces the total interest paid significantly over the life of the loan.