76623
Dallas, Texas
Dallas 76623 needs watching.
The 76623 ZIP code in Dallas, Texas has a median sale price of $40K, down N/A year-over-year. Homes spend an average of 29 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 47 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 76623.
The 76623 market demonstrates stagnation with a median sale price of $40,000 holding flat year-over-year through August 2018. Properties move relatively quickly at 29 days on market, yet zero homes sold above list price, indicating buyers maintain full negotiating leverage despite the sub-30-day absorption rate. This disconnect between pace and premium suggests distressed inventory or properties priced at absolute market ceiling, leaving no room for competitive bidding.
Value investors seeking deeply discounted assets will find optimal conditions here, as the $40,000 median combined with zero above-ask sales creates maximum negotiation opportunity. Cash buyers can capitalize on the 29-day velocity while extracting concessions that sellers in stronger markets would reject. This is not a market for appreciation speculators or retail homebuyers expecting equity growth, given the flat year-over-year performance and absence of any upward pricing pressure.
The PropIQ score of 47 signals continued caution, suggesting the flat pricing trend will persist absent external catalysts. Monitoring employment data and new construction permits becomes critical, as the current 29-day turnover cannot sustain price appreciation while zero competitive offers exist. The market requires demand-side expansion before transitioning from distressed-stable to growth phase, making near-term appreciation unlikely based on current transaction patterns.
What is the median home price in 76623 Dallas?
The median sale price in 76623 is $40K, down N/A year-over-year as of 2018-08-31.
How long do homes stay on the market in Dallas 76623?
Homes in 76623 Dallas spend an average of 29 days on market before going under contract.
Is Dallas 76623 a good place to invest in real estate?
Folio's PropIQ™ score for 76623 is 47/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 47 mean for 76623?
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 47 = Caution in 76623 Dallas, Texas.