75204 Home Values

This zip is wall-to-wall vertical living -- mid-rise condos, three-story townhomes, and converted lofts stacked along the Katy Trail corridor from State Thomas through Knox-Henderson into Old East Dallas. You'll find 1980s condo complexes with underground parking mixed in with 2020s new-construction townhomes sporting rooftop decks and skyline views. The housing stock skews small: lots of sub-1,000 square foot one-bedrooms in gated communities. Everything is oriented around walkability to West Village, Cole Park, and McKinney Avenue.

Price per square foot in 75204 ran nearly 58% above the Dallas County benchmark in the latest quarter — a gap that underscores how differently this urban zip prices relative to the broader metro. Based on MLS data for 2026-05 closings in 75204, the median sale landed near $530K while sellers received about 97 cents on the dollar, roughly in line with the county average. Homes that did close spent about 41 days on market, and just over a third of transactions included seller concessions averaging roughly $5,700 — a noticeably lower concession rate than Dallas County's nearly 50%. Year-over-year, prices in 75204 pulled back about 5%, the sharpest annual correction in the current dataset.

The pipeline in 75204 is carrying a pronounced imbalance: active listings stand near 260 while pending contracts sit at fewer than 55, producing a pending-to-active ratio well below parity. Months of supply at roughly 8.5 exceeds the Dallas County pace of about 7 months, suggesting conditions here are softer than the county aggregate. New listing activity remained elevated relative to pending absorption, and unless contract volume accelerates, the supply overhang heading into summer is likely to widen further.