75028
Dallas, Texas

The 75028 ZIP code recorded a median sale price of $491,500 as of February 2026, marking a 2.7% decline year-over-year. Homes are moving at a moderate pace with an average 43 days on market, while 22% of sales still close above asking price. This combination of negative price momentum and sub-30-day DOM suggests a market transitioning away from the seller control that defined previous years, though competition persists for well-positioned properties.

Buyers gain negotiating leverage in this environment, particularly those targeting the $450,000-$550,000 range where inventory appears adequate to support the 43-day absorption rate. The 22% above-ask figure indicates selective bidding wars, favoring purchasers who can identify which properties will attract multiple offers versus those offering price concessions. Sellers with equity buffers and flexible timelines can still execute, but those requiring quick exits at peak valuations face headwinds from the 2.7% price contraction.

The PropIQ score of 70 signals neutral conditions with downside risk if days-on-market extends beyond 50 or above-list closings drop below 20%. Price stabilization depends on whether the current decline represents seasonal adjustment or sustained softening through spring selling season. Monitor absorption rates and new listing volume through Q2 2026—accelerating inventory without corresponding buyer activity would push this market toward buyer advantage territory.