75223
Dallas, Texas

ZIP code 75223 shows significant market correction with the median sale price at $325,000, down 17.7% year-over-year as of February 2026. Homes are averaging 105 days on market, substantially above the quick-turn threshold of 30-45 days that characterizes seller-favorable conditions. Only 25% of properties are closing above list price, indicating buyers have regained negotiating leverage after the prior cycle's compressed bidding environment. This deceleration marks a clear shift from appreciation-driven dynamics to price discovery.

The current data set favors patient buyers with financing already secured and investors seeking cash-flow properties rather than appreciation plays. The 105-day DOM figure provides extended due diligence windows and multiple negotiation opportunities on individual assets. Sellers face headwinds with the 17.7% price decline, making this environment unsuitable for those requiring equity extraction or short holding periods. The 25% above-ask closure rate means three-quarters of transactions involve price negotiations or concessions.

The PropIQ score of 60 signals caution rather than distress, suggesting stabilization potential exists but hasn't materialized. The negative price trajectory and elevated DOM require monitoring through Q2 2026 to confirm whether this represents bottoming or continued softening. Absorption rates and new listing velocity will determine if the 17.7% decline moderates or accelerates. Buyers should track month-over-month DOM changes as the leading indicator for when negotiating power peaks.