75024
Dallas, Texas
Dallas 75024 needs watching.
The 75024 ZIP code in Dallas, Texas has a median sale price of $650K, down -6.6% year-over-year. Homes spend an average of 78 days on market, with 7% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 75024.
# Market Report: ZIP 75024, Dallas, TX
The 75024 market has shifted decisively toward buyers, with the median sale price at $650,000 representing a 6.6% year-over-year decline. Homes are averaging 77.5 days on market, suggesting reduced urgency among buyers and increased inventory absorption time. Only 7% of properties are closing above list price, a clear departure from the competitive bidding environment that characterized previous years. This pricing pressure indicates sellers are adjusting expectations downward to meet current demand levels.
This environment favors patient buyers with financing already secured who can negotiate below asking prices and conduct thorough due diligence during extended market times. Investors seeking cash-flowing rentals may find motivated sellers willing to concede on price, though appreciation potential appears limited near-term. Current homeowners considering selling face headwinds and should evaluate whether waiting 12-18 months might capture better pricing, unless relocation or financial circumstances require immediate action.
The PropIQ score of 55 signals caution rather than crisis, suggesting stabilization rather than continued sharp declines. Key indicators to monitor include whether days on market extends beyond 90 days and if the percentage of above-list sales falls below 5%, both suggesting further softening. The current data points to a normalizing market after overheated conditions, with price discovery ongoing through Q2 2026 before establishing a new equilibrium.
What is the median home price in 75024 Dallas?
The median sale price in 75024 is $650K, down -6.6% year-over-year as of 2026-02-28.
How long do homes stay on the market in Dallas 75024?
Homes in 75024 Dallas spend an average of 78 days on market before going under contract.
Is Dallas 75024 a good place to invest in real estate?
Folio's PropIQ™ score for 75024 is 55/100 — a Caution signal. 7% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 75024?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 55 = Caution in 75024 Dallas, Texas.