75038
Dallas, Texas
Dallas 75038 needs watching.
The 75038 ZIP code in Dallas, Texas has a median sale price of $585K, down -16.4% year-over-year. Homes spend an average of 68 days on market, with 3% of homes selling above list price.
Folio's PropIQ™ score of 45 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 75038.
The 75038 market has shifted decisively toward buyers, with the median sale price declining 16.4% year-over-year to $585,000. Homes now average 68 days on market, substantially longer than the typical hot-market benchmark of under 30 days. Only 3% of properties sell above asking price, indicating sellers have lost pricing power and must align expectations with current valuations. This price correction represents one of the steeper declines in the Dallas metro area.
Buyers with pre-approved financing and patience hold maximum leverage in these conditions. The 68-day market absorption rate allows time for thorough due diligence and negotiation below list price, particularly given that 97% of transactions close at or under asking. Investors seeking cash flow should find cap rates improving as purchase prices compress while rents remain relatively stable. Sellers face difficult timing unless relocating for employment or experiencing life changes that necessitate immediate sale.
The PropIQ score of 45 signals heightened caution, suggesting further price discovery may occur before stabilization. Monitoring absorption rates and new listing volumes through Q2 2026 will indicate whether the market finds a floor near current levels. Any increase in days-on-market beyond 75 days would confirm continued softening, while a decline toward 50 days might signal capitulation pricing has attracted sufficient demand to establish equilibrium.
What is the median home price in 75038 Dallas?
The median sale price in 75038 is $585K, down -16.4% year-over-year as of 2026-02-28.
How long do homes stay on the market in Dallas 75038?
Homes in 75038 Dallas spend an average of 68 days on market before going under contract.
Is Dallas 75038 a good place to invest in real estate?
Folio's PropIQ™ score for 75038 is 45/100 — a Caution signal. 3% of homes sold above asking.
What does a PropIQ™ score of 45 mean for 75038?
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 45 = Caution in 75038 Dallas, Texas.