76064
Dallas, Texas

The 76064 market has contracted sharply, with median sale prices falling to $310,000, down 34.0% year-over-year as of February 2026. Homes are averaging 71 days on market, well above the typical velocity seen in healthy markets. Notably, zero percent of properties are selling above list price, indicating minimal competition and complete erosion of seller pricing power. This represents a fundamental shift from previous market dynamics in the Dallas area.

This environment strongly favors cash buyers and patient investors who can negotiate aggressively below asking prices. The absence of above-list sales means every transaction includes negotiation leverage for purchasers. Sellers face difficult conditions and should consider whether holding is viable, as the 71-day average suggests properties require significant time to clear. First-time buyers with financing approval can exploit reduced competition that would have been impossible during the previous cycle.

The PropIQ score of 41 signals caution, suggesting underlying structural concerns beyond normal cyclical correction. A 34% annual decline indicates either localized economic stress or fundamental repricing that may not have completed. Buyers should investigate employment trends and new construction pipelines that could pressure prices further. The market requires monitoring for stabilization signals: reduced days on market, any above-list transactions, or deceleration in the rate of price decline before confidence returns.