75247
Dallas, Texas

The Dallas 75247 market shows clear deceleration, with a median sale price of $515,000 holding flat year-over-year as of April 2021. Properties are sitting for 89 days on average, well above the hot-market threshold of 30 days, and zero homes are commanding above-list offers. This represents a fundamental shift from seller dominance to buyer negotiating power, with transaction velocity slowing considerably compared to the broader Dallas appreciation trend during this period.

Price-sensitive buyers gain maximum advantage in these conditions, as the 89-day inventory sit time and absence of bidding wars create room for offer negotiations below ask. Sellers with flexible timelines can still transact at the $515,000 median, but those requiring quick exits face pressure given the extended absorption rate. Fix-and-flip investors should exercise caution, as the flat price trajectory and slow turnover compress profit margins when holding costs extend beyond 60 days.

The PropIQ score of 27 signals elevated risk, suggesting potential price softening ahead rather than stabilization at current levels. The combination of stalled appreciation and extended days-on-market typically precedes either price corrections or prolonged stagnation in similar zip codes. Monitoring month-over-month inventory growth and any movement in the currently-flat price metric will indicate whether 75247 transitions to a discount market or finds support at the $515,000 level.