75119
Dallas, Texas

The 75119 market shows cooling momentum with a median sale price of $259,744 and a year-over-year decline of 1.9 percent. Homes are averaging 92 days on market, indicating slower absorption than peak periods. Only 22 percent of properties are commanding above-list offers, suggesting negotiating leverage has shifted from the seller-dominated conditions seen in previous years. This price contraction, while modest, marks a tangible reversal from appreciation trends that characterized the broader Dallas market through 2024.

Price-sensitive first-time buyers gain tactical advantage in this environment, with 78 percent of transactions closing at or below list price and extended market times creating room for due diligence. Investors seeking cash-flow properties benefit from the $259,744 entry point, which remains below Dallas metro averages while the 92-day absorption period allows thorough underwriting. Sellers face headwinds unless priced competitively from listing day, as the minority 22 percent above-list statistic demonstrates buyer selectivity at current valuation levels.

The PropIQ score of 60 signals caution rather than crisis, suggesting stabilization rather than accelerating decline. The 1.9 percent price erosion could plateau if days-on-market compress from current 92-day levels or if above-list transactions climb beyond the current 22 percent threshold. Monitor monthly sold-to-list ratios and new listing velocity through Q2 2026, as sustained inventory growth without demand acceleration would pressure the median price below $255,000 and push the intelligence score toward more bearish territory.