75116
Dallas, Texas

The 75116 ZIP code shows a median sale price of $294,500 as of February 2026, down 0.8% year-over-year, indicating a market that has cooled from previous highs. Properties are moving at a moderate pace with an average 45 days on market, while only 15% of homes sell above asking price. This represents a shift toward buyer-favorable conditions, with sellers holding less pricing power than in peak market periods.

Buyers gain negotiating leverage in this environment, particularly those willing to move quickly on properties priced at or below the $294,500 median. The 85% of homes selling at or below list price suggests room for offer negotiations. Cash investors seeking rental properties may find motivated sellers, though the PropIQ score of 55 signals caution on appreciation potential. Sellers with equity and flexibility will fare better than those requiring top-dollar exits.

The 55 PropIQ score indicates heightened risk and suggests monitoring local employment data and inventory levels closely over the next two quarters. The slight price decline combined with moderate days-on-market figures points to stabilization rather than sharp correction, but appreciation appears unlikely near-term. Buyers should watch for further softening while sellers may face continued pressure if inventory increases beyond current levels.