75040 Home Values

The 75040 inventory tells a clear story: mid-century ranch homes from the 1950s through 1970s line the residential streets, most sitting on generous lots between 7,000 and 10,000 square feet. Renovators have been active here, gutting these brick ranches down to the studs and pushing them back to market with quartz countertops, LVP flooring, and open-concept layouts. You will also find two-story builds from the 1980s and 1990s clustered around the Firewheel corridor, along with a small pocket of newer Grand Homes construction in the Emerald Forest enclave.

Homes in ZIP code 75040 sold at a median of $186 per square foot over the past three months, with a median sale price of $288,505 — roughly 23 percent below the broader Dallas County median. Sellers received about 97 cents on the dollar at closing, and just under nine in ten sales closed below list price. Concessions featured in more than half of all transactions, with an average concession amount near $5,700. Year-over-year, the median sale price has declined roughly 3.6 percent. The median time from listing to close was 30 days, and 111 transactions closed during the period.

The 75040 ZIP code carried 195 active listings at last measure, with 69 homes under contract — a pending-to-active ratio that reflects measured buyer engagement. New listings totaled 191 over the quarter. Months of supply stood near 5.3, indicating a market that leans toward buyers but has not reached the elevated inventory levels seen across Dallas County as a whole, where supply reached 7.1 months. Days on market as a velocity signal remained steady at 30 days, suggesting listings that are priced appropriately are still moving without extended sitting time.