Real Estate Market Update for 75231 (Dallas, TX)

Video: Real Estate Community Tour for 75231 (Dallas, TX)

See Real estate community tour for 75231 (Dallas, TX)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 52% from one year earlier, and down 6% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 480-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 42%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 140-thousand dollars. The number of units sold decreased 19% year-over-year, and decreased 32% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 75231 (Dallas, TX)
Area Information for 75231 (Dallas, TX)
  • Population: 42,203
  • Median Age: 32.6 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 7,487/sq mi
  • Population Change Since 2000: -20.78%
  • Closest Airport: Dallas Love Field
  • Closest College: The Art Institute Of Dallas
  • Closest Jr. College: Richland College
  • Median Household Income: $40,292
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $308,750
  • Closest Major Sports Team: Dallas Mavericks
  • Change Avg. Household Income Since 2000: 59.41%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 75231 (Dallas, TX)
Median Age: 32.6 Married: 32% Number of Households: 16,821 Households with Children: 5,163
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 75231 (Dallas, TX)

      School Name Distance Type Grades School Rating Parent Rating
      Emmett J Conrad High School 0.2 mi Public 9-12 1 3
      Fair Oaks Day School 0.4 mi Private PRESCHOOL-K 0 0
      Montessori Children's House And School 0.5 mi Private UNGRADE-UNGRADE 0 0
      Merriman Park Elementary School 0.5 mi Public K-6 4 0
      Sam Tasby Middle School 0.7 mi Public 6-8 0 0
      Jack Lowe Sr Elementary School 0.7 mi Public PRESCHOOL-5 1 0
      Jill Stone El At Vickery Meadow 0.8 mi Public PRESCHOOL-5 2 0
      Scofield Christian School 0.8 mi Private PRESCHOOL-6 0 0
      Lee A Mcshan Jr Elementary School 1.0 mi Public PRESCHOOL-5 1 0
      Fusion Academy - Dallas 1.0 mi Private 6-12 0 0
      L L Hotchkiss Elementary School 1.4 mi Public PRESCHOOL-5 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 75231 (Dallas, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.