76262
Dallas, Texas

ZIP code 76262 shows contractionary pricing with the median sale price at $580,000, down 2.2% year-over-year, while homes are sitting 71 days on market. Only 8% of properties are closing above list price, indicating minimal buyer competition and a shift from the elevated pricing power sellers enjoyed in previous cycles. The market has moved decisively away from the rapid appreciation phase that characterized the Dallas metro area through 2024, creating a slower transactional environment with extended negotiation windows.

This environment favors patient buyers with financing secured and flexible timelines who can leverage the 71-day market absorption period to negotiate below asking price. Price-sensitive first-time buyers gain particular advantage given that 92% of transactions close at or below list, eliminating bidding war premiums. Sellers face headwinds and should focus on competitive pricing rather than testing market ceilings, as extended days-on-market creates downward pricing pressure that compounds with each week a property remains unsold.

The PropIQ score of 55 signals caution, suggesting continued price softness or stagnation rather than rapid recovery in coming quarters. Market watchers should monitor whether days-on-market extends beyond 75 days, which would indicate deepening buyer resistance at current price levels. The 2.2% annual decline may accelerate if inventory builds or mortgage rates climb, though stabilization remains possible if the modest 8% above-list figure holds rather than contracting further toward zero.