75223 Home Values

Hollywood Heights and Santa Monica set the character here -- storybook Tudors, Craftsman bungalows, and stone cottages from the 1920s through 1940s line streets shaded by old-growth canopy. Lakewood Elementary zoning drives family demand on these blocks. Along the Santa Fe Trail corridor, new-construction duplexes and single-family attached homes have filled in vacant lots with modern rooflines and rooftop decks. South of the historic core toward Fair Park, the housing pivots to smaller new builds.

Price per square foot in 75223 ran nearly double the Dallas County benchmark in the most recent quarter — a divergence that sets this zip apart from the broader market. Based on MLS data for 2026-05 closings in 75223, the directional data suggests values here have climbed sharply relative to the county, with the trailing three-month median landing around $650K against a countywide figure closer to $373K. Sellers in 75223 also gave back less at the table: the concession rate tracked roughly seven percentage points below the county average, and buyers covered a similar share of the list price as their county counterparts — with the limited sample suggesting conditions have favored sellers more consistently here than across Dallas County as a whole.

The supply picture in 75223 shows a market where active listings outnumber pending contracts by nearly three to one, a ratio that directionally points toward buyers holding more selection than the tighter county average would suggest. New listing activity over the trailing quarter came in at a pace well below the countywide run rate on a per-capita basis, which has kept available inventory from building further. Months of supply sits modestly below the county level, signaling that while choice has widened, the pipeline has not yet shifted decisively toward buyer-side conditions.