ZIP 75116 Housing Market Report
Dallas Metro
Report period: August 2026
75116 Monthly Market Update – August 2026
ZIP 75116 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$275,000
−5.2%
Median DOM (Sales)
51
−8.9%
New Listings (Sales)
3
−76.9%
Median Rent
$1,905
+1.6%
Median DOM (Rental)
39
+8.3%
Total Rental Listings
23
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher.
What's Moving Fastest
- Fastest selling: Single Family (41 DOM)
- Fastest renting: Single Family (30 DOM)
- Strongest bedroom: 5 Beds ($1,200,000 median)
Sales Market Overview
Median Price
$275,000
−5.2%
Median DOM
51
−8.9%
New Listings
3
−76.9%
Inventory
61
+1.7%
- Average Price: $273,678
- Median Price: $275,000
- Price Range: $49,900 – $1,200,000
- Price per Sq Ft (Avg/Median): $177 / $169
- Square Footage (Avg/Median): 1,723 / 1,532
- Square Footage Range: 720 – 7,417
- Days on Market (Avg/Median): 72 / 51
- Days on Market Range: 3 – 333
- New Listings: 3
- Total Listings: 61
Sales by Property Type
Condo
Avg/Median Price$140,090 / $149,950Range$105,000 – $174,000Price per Sq Ft$137 / $138Sq Ft1,018 / 1,088DOM110 / 85New0Total5
Land
Avg/Median Price$77,150 / $67,500Range$49,900 – $113,000Price per Sq Ft—Sq Ft—DOM153 / 163New0Total6
Single Family
Avg/Median Price$313,354 / $299,999Range$142,500 – $1,200,000Price per Sq Ft$182 / $172Sq Ft1,809 / 1,586DOM56 / 41New3Total48
Townhouse
Avg/Median Price$245,000 / $240,000Range$240,000 – $250,000Price per Sq Ft$172 / $170Sq Ft1,422 / 1,372DOM103 / 82New0Total2
Sales by Bedroom Count
2 Beds
Avg:$204,629Median:$235,000Range:$105,000 – $329,900PSF:$187 / $175Sq Ft:1,095 / 1,095DOM:104 / 88New:0Total:7
3 Beds
Avg:$272,721Median:$279,900Range:$142,500 – $499,000PSF:$182 / $182Sq Ft:1,537 / 1,491DOM:50 / 39New:3Total:35
4 Beds
Avg:$337,817Median:$330,000Range:$199,900 – $549,000PSF:$158 / $162Sq Ft:2,155 / 2,090DOM:70 / 78New:0Total:12
5 Beds
Avg:$1,200,000Median:$1,200,000Range:$1,200,000 – $1,200,000PSF:$162 / $162Sq Ft:7,417 / 7,417DOM:95 / 95New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $204,629 | $235,000 | $105,000 – $329,900 | $187 / $175 | 1,095 / 1,095 | 104 / 88 | 0 | 7 |
| 3 Beds | $272,721 | $279,900 | $142,500 – $499,000 | $182 / $182 | 1,537 / 1,491 | 50 / 39 | 3 | 35 |
| 4 Beds | $337,817 | $330,000 | $199,900 – $549,000 | $158 / $162 | 2,155 / 2,090 | 70 / 78 | 0 | 12 |
| 5 Beds | $1,200,000 | $1,200,000 | $1,200,000 – $1,200,000 | $162 / $162 | 7,417 / 7,417 | 95 / 95 | 0 | 1 |
Rental Market Overview
Median Rent
$1,905
+1.6%
Median DOM
39
+8.3%
New Listings
1
Inventory
23
0.0%
- Average Rent: $1,804
- Median Rent: $1,905
- Rent Range: $830 – $2,775
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,604 / 1,208
- Square Footage Range: 600 – 5,488
- Days on Market (Avg/Median): 66 / 39
- Days on Market Range: 3 – 272
- New Listings: 1
- Total Listings: 23
Rentals by Property Type
Apartment
$988
Median DOM: 216
Inventory: 6
MoM: +1.6%
Condo
$1,950
Median DOM: 109
Inventory: 1
MoM: +1.6%
Single Family
$1,950
Median DOM: 30
Inventory: 16
MoM: +1.6%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +1.6%
Apartment
Avg/Median Rent$1,255 / $988Range$830 – $1,995Rent per Sq Ft$2 / $1Sq Ft778 / 678DOM209 / 216New0Total6
Condo
Avg/Median Rent$1,950 / $1,950Range$1,950 – $1,950Rent per Sq Ft$2 / $2Sq Ft1,208 / 1,208DOM109 / 109New0Total1
Single Family
Avg/Median Rent$2,001 / $1,950Range$1,000 – $2,775Rent per Sq Ft$1 / $1Sq Ft1,939 / 1,850DOM30 / 30New1Total16
Rentals by Bedroom Count
1 Beds
Avg:$1,007Median:$988Range:$830 – $1,249PSF:$1 / $1Sq Ft:1,614 / 678DOM:206 / 140New:0Total:5
2 Beds
Avg:$1,575Median:$1,500Range:$1,500 – $1,650PSF:$2 / $1Sq Ft:949 / 890DOM:51 / 51New:0Total:2
3 Beds
Avg:$2,065Median:$1,950Range:$1,800 – $2,775PSF:$1 / $1Sq Ft:1,576 / 1,208DOM:59 / 33New:0Total:12
4 Beds
Avg:$2,134Median:$2,295Range:$1,545 – $2,395PSF:$1 / $1Sq Ft:2,006 / 1,985DOM:18 / 6New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,007 | $988 | $830 – $1,249 | $1 / $1 | 1,614 / 678 | 206 / 140 | 0 | 5 |
| 2 Beds | $1,575 | $1,500 | $1,500 – $1,650 | $2 / $1 | 949 / 890 | 51 / 51 | 0 | 2 |
| 3 Beds | $2,065 | $1,950 | $1,800 – $2,775 | $1 / $1 | 1,576 / 1,208 | 59 / 33 | 0 | 12 |
| 4 Beds | $2,134 | $2,295 | $1,545 – $2,395 | $1 / $1 | 2,006 / 1,985 | 18 / 6 | 1 | 4 |
6-Month Sales Trend
Mar 2026
Median Price:$278,000Median DOM:53New:12Total:58
Apr 2026
Median Price:$299,400Median DOM:58New:14Total:57
May 2026
Median Price:$299,000Median DOM:50New:20Total:66
Jun 2026
Median Price:$299,999Median DOM:48New:13Total:63
Jul 2026
Median Price:$289,990Median DOM:56New:13Total:60
Aug 2026
Median Price:$275,000Median DOM:51New:3Total:61
6-Month Rental Trend
Mar 2026
Median Rent:$1,895Median DOM:26New:15Total:34
Apr 2026
Median Rent:$1,895Median DOM:21New:10Total:34
May 2026
Median Rent:$1,795Median DOM:37New:5Total:26
Jun 2026
Median Rent:$1,775Median DOM:63New:3Total:22
Jul 2026
Median Rent:$1,875Median DOM:36New:5Total:23
Aug 2026
Median Rent:$1,905Median DOM:39New:1Total:23
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, while total rental inventory was flat.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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