ZIP 75116 Housing Market Report
Dallas Metro
Report period: July 2026
75116 Monthly Market Update – July 2026
ZIP 75116 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$296,500
−1.2%
Median DOM (Sales)
52
+8.3%
New Listings (Sales)
7
−46.2%
Median Rent
$1,875
+5.6%
Median DOM (Rental)
62
−1.6%
Total Rental Listings
22
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher.
What's Moving Fastest
- Fastest selling: Single Family (43 DOM)
- Fastest renting: Single Family (33 DOM)
- Strongest bedroom: 5 Beds ($499,000 median)
Sales Market Overview
Median Price
$296,500
−1.2%
Median DOM
52
+8.3%
New Listings
7
−46.2%
Inventory
67
+6.3%
- Average Price: $293,228
- Median Price: $296,500
- Price Range: $49,900 – $1,200,000
- Price per Sq Ft (Avg/Median): $172 / $169
- Square Footage (Avg/Median): 1,915 / 1,714
- Square Footage Range: 844 – 7,417
- Days on Market (Avg/Median): 59 / 52
- Days on Market Range: 3 – 248
- New Listings: 7
- Total Listings: 67
Sales by Property Type
Condo
Avg/Median Price$140,690 / $149,950Range$107,500 – $174,000Price per Sq Ft$137 / $138Sq Ft1,018 / 1,088DOM92 / 85New0Total5
Land
Avg/Median Price$77,150 / $67,500Range$49,900 – $113,000Price per Sq Ft—Sq Ft—DOM133 / 152New0Total6
Single Family
Avg/Median Price$332,998 / $314,000Range$169,998 – $1,200,000Price per Sq Ft$175 / $171Sq Ft2,016 / 1,793DOM46 / 43New7Total54
Townhouse
Avg/Median Price$249,000 / $248,000Range$248,000 – $250,000Price per Sq Ft$175 / $170Sq Ft1,422 / 1,372DOM88 / 82New0Total2
Sales by Bedroom Count
2 Beds
Avg:$213,067Median:$235,000Range:$107,500 – $329,900PSF:$181 / $170Sq Ft:1,158 / 1,095DOM:104 / 82New:0Total:6
3 Beds
Avg:$282,583Median:$279,900Range:$149,950 – $499,000PSF:$179 / $169Sq Ft:1,615 / 1,505DOM:44 / 20New:4Total:32
4 Beds
Avg:$341,109Median:$339,000Range:$215,000 – $549,000PSF:$159 / $168Sq Ft:2,285 / 2,090DOM:43 / 47New:3Total:21
5 Beds
Avg:$849,500Median:$499,000Range:$499,000 – $1,200,000PSF:$171 / $162Sq Ft:5,092 / 2,766DOM:74 / 65New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $213,067 | $235,000 | $107,500 – $329,900 | $181 / $170 | 1,158 / 1,095 | 104 / 82 | 0 | 6 |
| 3 Beds | $282,583 | $279,900 | $149,950 – $499,000 | $179 / $169 | 1,615 / 1,505 | 44 / 20 | 4 | 32 |
| 4 Beds | $341,109 | $339,000 | $215,000 – $549,000 | $159 / $168 | 2,285 / 2,090 | 43 / 47 | 3 | 21 |
| 5 Beds | $849,500 | $499,000 | $499,000 – $1,200,000 | $171 / $162 | 5,092 / 2,766 | 74 / 65 | 0 | 2 |
Rental Market Overview
Median Rent
$1,875
+5.6%
Median DOM
62
−1.6%
New Listings
1
Inventory
22
0.0%
- Average Rent: $1,876
- Median Rent: $1,875
- Rent Range: $840 – $4,299
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,532 / 1,074
- Square Footage Range: 600 – 5,488
- Days on Market (Avg/Median): 69 / 62
- Days on Market Range: 1 – 242
- New Listings: 1
- Total Listings: 22
Rentals by Property Type
Apartment
$1,150
Median DOM: 110
Inventory: 7
MoM: +5.6%
Condo
$1,950
Median DOM: 78
Inventory: 1
MoM: +5.6%
Single Family
$2,080
Median DOM: 33
Inventory: 13
MoM: +5.6%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +5.6%
Apartment
Avg/Median Rent$1,236 / $1,150Range$840 – $1,995Rent per Sq Ft$2 / $1Sq Ft815 / 804DOM157 / 110New0Total7
Condo
Avg/Median Rent$1,950 / $1,950Range$1,950 – $1,950Rent per Sq Ft$2 / $2Sq Ft1,208 / 1,208DOM78 / 78New0Total1
Multi-Family
Avg/Median Rent$1,995 / $1,995Range$1,995 – $1,995Rent per Sq Ft$2 / $2Sq Ft1,074 / 1,074DOM62 / 62New0Total1
Single Family
Avg/Median Rent$2,206 / $2,080Range$1,000 – $4,299Rent per Sq Ft$1 / $2Sq Ft1,978 / 1,750DOM37 / 33New1Total13
Rentals by Bedroom Count
1 Beds
Avg:$1,012Median:$1,000Range:$840 – $1,249PSF:$1 / $1Sq Ft:1,637 / 678DOM:176 / 110New:0Total:5
2 Beds
Avg:$1,417Median:$1,450Range:$1,150 – $1,650PSF:$2 / $1Sq Ft:941 / 926DOM:54 / 21New:0Total:3
3 Beds
Avg:$2,114Median:$1,995Range:$1,650 – $2,775PSF:$2 / $2Sq Ft:1,503 / 1,188DOM:52 / 36New:1Total:12
4 Beds
Avg:$2,300Median:$2,300Range:$2,300 – $2,300PSF:$1 / $1Sq Ft:1,892 / 1,892DOM:52 / 52New:0Total:1
5 Beds
Avg:$4,299Median:$4,299Range:$4,299 – $4,299PSF:$2 / $2Sq Ft:2,766 / 2,766DOM:96 / 96New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,012 | $1,000 | $840 – $1,249 | $1 / $1 | 1,637 / 678 | 176 / 110 | 0 | 5 |
| 2 Beds | $1,417 | $1,450 | $1,150 – $1,650 | $2 / $1 | 941 / 926 | 54 / 21 | 0 | 3 |
| 3 Beds | $2,114 | $1,995 | $1,650 – $2,775 | $2 / $2 | 1,503 / 1,188 | 52 / 36 | 1 | 12 |
| 4 Beds | $2,300 | $2,300 | $2,300 – $2,300 | $1 / $1 | 1,892 / 1,892 | 52 / 52 | 0 | 1 |
| 5 Beds | $4,299 | $4,299 | $4,299 – $4,299 | $2 / $2 | 2,766 / 2,766 | 96 / 96 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$275,000Median DOM:48New:12Total:53
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:$296,500Median DOM:52New:7Total:67
6-Month Rental Trend
Feb 2026
Median Rent:$1,800Median DOM:34New:11Total:30
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:62New:1Total:22
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower 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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