Dallas, TX Real Estate Market

With homes spending a median of only 23 days on market and the market temperature rated hot, sellers in 75214 are operating in a favorable environment for listing. Pricing near the median asking price of $1,249,900 or the segment-appropriate benchmark by bedroom count may help attract motivated buyers quickly.

Buyers should be prepared to move decisively in 75214, where the median days on market is just 23 days and active inventory stands at 272 homes. With asking prices ranging from $215,000 for one-bedroom units to $3,700,000 for seven-bedroom properties, there are options across multiple price points, though the overall median of $1,249,900 signals a premium market.

Rental inventory in 75214 is substantial at 625 units, with a median rent of $1,549 per month, while three-bedroom rentals command a median of $3,450 per month. Investors evaluating acquisition costs against rental income should note the median asking price per square foot of $447.93 when underwriting deals in this submarket.

The 30-year fixed mortgage rate is currently at 6.00 percent and the 15-year fixed sits at 5.43 percent, meaningfully affecting monthly payment calculations on a median asking price of $1,249,900. Buyers weighing loan term options will find a 57 basis point spread between the two products, which could yield notable interest savings over the life of a shorter-term loan.