76247
Dallas, Texas

The 76247 ZIP code reports a median sale price of $446,725 as of February 2026, down 2.4% year-over-year, indicating modest price compression in this Dallas market. Properties are averaging 122.5 days on market, substantially above the typical 30-60 day range seen in balanced conditions. Only 11% of homes are selling above list price, confirming weakened buyer urgency and increased negotiating leverage for purchasers in this price band.

This environment favors patient buyers with financing secured who can capitalize on the extended 122.5-day market time to conduct thorough due diligence and negotiate below-ask transactions. The 89% of homes closing at or below list price creates room for offer strategies 3-5% under asking. Sellers facing time constraints should avoid this market; those without urgency can wait for the 11% premium segment, though four-month absorption rates require financial flexibility.

The PropIQ score of 55 signals caution, suggesting continued sideways-to-soft price action over the next two quarters rather than immediate recovery. The combination of negative year-over-year pricing and elevated days-on-market typically precedes either further 2-4% price adjustments or extended stagnation. Monitor monthly sold volume and DOM trends; improvement below 90 days would indicate stabilization, while movement toward 150+ days would confirm deepening buyer resistance at current price levels.