Real Estate Market Update for 75240 (Dallas, TX)

Video: Real Estate Community Tour for 75240 (Dallas, TX)

See Real estate community tour for 75240 (Dallas, TX)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was up 4% from one year earlier, and down 4% 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 520-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 24%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 480-thousand dollars. The number of units sold increased 12% year-over-year, and increased more than 125% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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 75240 (Dallas, TX)
Area Information for 75240 (Dallas, TX)
  • Population: 26,710
  • Median Age: 31.56 yr
  • Median Commute Time: 23 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 7,088/sq mi
  • Population Change Since 2000: -4.89%
  • Closest Airport: Dallas Love Field
  • Closest College: University Of Texas At Dallas
  • Closest Jr. College: Richland College
  • Median Household Income: $41,345
  • Annual Residential Turnover: 30%
  • Median Home Sales Price: $195,008
  • Closest Major Sports Team: Fc Dallas
  • Change Avg. Household Income Since 2000: 22.24%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 75240 (Dallas, TX)
Median Age: 31.56 Married: 29% Number of Households: 9,992 Households with Children: 3,400
Community:
    • 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 75240 (Dallas, TX)

      School Name Distance Type Grades School Rating Parent Rating
      Holy Trinity Academy 0.2 mi Private PRESCHOOL-K 0 0
      Spring Valley Elementary School 0.5 mi Public PRESCHOOL-6 3 0
      The Covenant School 0.6 mi Private K-12 0 0
      Risd Academy 0.9 mi Public 1-6 1 0
      Dobie Primary School 1.2 mi Public PRESCHOOL-K 0 0
      Carolyn G Bukhair Elementary School 1.3 mi Public 1-6 1 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 © 2015. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 75240 (Dallas, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.