75240
Dallas, Texas
Dallas 75240 needs watching.
The 75240 ZIP code in Dallas, Texas has a median sale price of $331K, down -21.1% year-over-year. Homes spend an average of 103 days on market, with 21% of homes selling above list price.
Folio's PropIQ™ score of 56 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 75240.
The 75240 market has entered a pronounced correction phase, with the median sale price settling at $330,500 after declining 21.1% year-over-year through February 2026. Properties are averaging 103 days on market, indicating significantly reduced buyer urgency compared to previous cycles. Only 21% of homes are commanding above-list prices, confirming that sellers have lost pricing leverage as inventory absorption has slowed considerably across this Dallas submarket.
This environment decisively favors cash-position buyers and patient investors willing to negotiate. With 79% of transactions closing at or below list price and extended market times exceeding three months, purchasers can conduct thorough due diligence and submit conservative offers with reasonable acceptance odds. Sellers face the weakest positioning in years and should avoid this market unless relocation or financial circumstances force immediate liquidation at potentially depressed valuations.
The PropIQ score of 56 signals continued caution as fundamental demand indicators remain unresolved. The 21.1% annual decline suggests price discovery is still underway, and stabilization requires DOM compression below 60 days and above-list transactions exceeding 35%. Monitor monthly sales velocity and new listing volumes through Q2 2026; failure to show sequential improvement would indicate further downside risk before any sustained recovery materializes in this ZIP code.
What is the median home price in 75240 Dallas?
The median sale price in 75240 is $331K, down -21.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Dallas 75240?
Homes in 75240 Dallas spend an average of 103 days on market before going under contract.
Is Dallas 75240 a good place to invest in real estate?
Folio's PropIQ™ score for 75240 is 56/100 — a Caution signal. 21% of homes sold above asking.
What does a PropIQ™ score of 56 mean for 75240?
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 56 = Caution in 75240 Dallas, Texas.