ZIP 75116 Housing Market Report
Dallas Metro
Report period: May 2026
75116 Monthly Market Update – May 2026
ZIP 75116 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$299,999
+0.2%
Median DOM (Sales)
54
−6.9%
New Listings (Sales)
8
−42.9%
Median Rent
$1,875
−1.1%
Median DOM (Rental)
15
−28.6%
Total Rental Listings
33
−2.9%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (33 DOM)
- Fastest renting: Townhouse (1 DOM)
- Strongest bedroom: 5 Beds ($625,000 median)
Sales Market Overview
Median Price
$299,999
+0.2%
Median DOM
54
−6.9%
New Listings
8
−42.9%
Inventory
64
+12.3%
- Average Price: $312,266
- Median Price: $299,999
- Price Range: $65,000 – $1,200,000
- Price per Sq Ft (Avg/Median): $170 / $170
- Square Footage (Avg/Median): 1,994 / 1,695
- Square Footage Range: 844 – 7,417
- Days on Market (Avg/Median): 67 / 54
- Days on Market Range: 4 – 332
- New Listings: 8
- Total Listings: 64
Sales by Property Type
Condo
Avg/Median Price$132,612 / $109,000Range$107,500 – $164,000Price per Sq Ft$132 / $127Sq Ft1,001 / 984DOM97 / 49New0Total4
Land
Avg/Median Price$152,600 / $67,500Range$65,000 – $450,000Price per Sq Ft—Sq Ft—DOM112 / 91New0Total5
Single Family
Avg/Median Price$341,728 / $320,000Range$130,000 – $1,200,000Price per Sq Ft$172 / $170Sq Ft2,091 / 1,765DOM62 / 39New8Total53
Townhouse
Avg/Median Price$290,000 / $285,000Range$285,000 – $295,000Price per Sq Ft$204 / $200Sq Ft1,422 / 1,372DOM33 / 33New0Total2
Sales by Bedroom Count
2 Beds
Avg:$225,280Median:$285,000Range:$107,500 – $329,900PSF:$190 / $200Sq Ft:1,153 / 1,095DOM:62 / 33New:0Total:5
3 Beds
Avg:$259,842Median:$265,000Range:$130,000 – $399,900PSF:$172 / $173Sq Ft:1,527 / 1,505DOM:66 / 42New:3Total:30
4 Beds
Avg:$366,325Median:$350,000Range:$296,500 – $570,000PSF:$161 / $164Sq Ft:2,429 / 2,193DOM:64 / 39New:4Total:20
5 Beds
Avg:$743,475Median:$625,000Range:$499,000 – $1,200,000PSF:$176 / $162Sq Ft:4,376 / 2,942DOM:50 / 59New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $225,280 | $285,000 | $107,500 – $329,900 | $190 / $200 | 1,153 / 1,095 | 62 / 33 | 0 | 5 |
| 3 Beds | $259,842 | $265,000 | $130,000 – $399,900 | $172 / $173 | 1,527 / 1,505 | 66 / 42 | 3 | 30 |
| 4 Beds | $366,325 | $350,000 | $296,500 – $570,000 | $161 / $164 | 2,429 / 2,193 | 64 / 39 | 4 | 20 |
| 5 Beds | $743,475 | $625,000 | $499,000 – $1,200,000 | $176 / $162 | 4,376 / 2,942 | 50 / 59 | 1 | 4 |
Rental Market Overview
Median Rent
$1,875
−1.1%
Median DOM
15
−28.6%
New Listings
4
Inventory
33
−2.9%
- Average Rent: $1,892
- Median Rent: $1,875
- Rent Range: $870 – $3,999
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,519 / 1,208
- Square Footage Range: 600 – 5,488
- Days on Market (Avg/Median): 49 / 15
- Days on Market Range: 1 – 319
- New Listings: 4
- Total Listings: 33
Rentals by Property Type
Apartment
$1,099
Median DOM: 71
Inventory: 8
MoM: −1.1%
Condo
$1,950
Median DOM: 18
Inventory: 1
MoM: −1.1%
Single Family
$2,100
Median DOM: 9
Inventory: 19
MoM: −1.1%
Townhouse
$1,750
Median DOM: 1
Inventory: 2
MoM: −1.1%
Apartment
Avg/Median Rent$1,222 / $1,099Range$870 – $1,995Rent per Sq Ft$2 / $1Sq Ft788 / 689DOM136 / 71New0Total8
Condo
Avg/Median Rent$1,950 / $1,950Range$1,950 – $1,950Rent per Sq Ft$2 / $2Sq Ft1,208 / 1,208DOM18 / 18New0Total1
Multi-Family
Avg/Median Rent$1,913 / $1,995Range$1,650 – $2,095Rent per Sq Ft$2 / $2Sq Ft1,112 / 1,074DOM20 / 15New0Total3
Single Family
Avg/Median Rent$2,181 / $2,100Range$1,000 – $3,999Rent per Sq Ft$1 / $1Sq Ft1,919 / 1,716DOM31 / 9New4Total19
Townhouse
Avg/Median Rent$1,772 / $1,750Range$1,750 – $1,795Rent per Sq Ft$1 / $1Sq Ft1,416 / 1,411DOM1 / 1New0Total2
Rentals by Bedroom Count
1 Beds
Avg:$1,022Median:$1,000Range:$870 – $1,249PSF:$1 / $1Sq Ft:1,463 / 678DOM:155 / 70New:0Total:6
2 Beds
Avg:$1,325Median:$1,150Range:$1,150 – $1,500PSF:$1 / $1Sq Ft:967 / 926DOM:71 / 71New:0Total:2
3 Beds
Avg:$2,016Median:$1,995Range:$1,650 – $2,600PSF:$2 / $2Sq Ft:1,337 / 1,188DOM:35 / 15New:3Total:17
4 Beds
Avg:$2,198Median:$2,100Range:$1,750 – $3,000PSF:$1 / $1Sq Ft:1,989 / 1,578DOM:24 / 1New:0Total:7
5 Beds
Avg:$3,999Median:$3,999Range:$3,999 – $3,999PSF:$1 / $1Sq Ft:2,766 / 2,766DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,022 | $1,000 | $870 – $1,249 | $1 / $1 | 1,463 / 678 | 155 / 70 | 0 | 6 |
| 2 Beds | $1,325 | $1,150 | $1,150 – $1,500 | $1 / $1 | 967 / 926 | 71 / 71 | 0 | 2 |
| 3 Beds | $2,016 | $1,995 | $1,650 – $2,600 | $2 / $2 | 1,337 / 1,188 | 35 / 15 | 3 | 17 |
| 4 Beds | $2,198 | $2,100 | $1,750 – $3,000 | $1 / $1 | 1,989 / 1,578 | 24 / 1 | 0 | 7 |
| 5 Beds | $3,999 | $3,999 | $3,999 – $3,999 | $1 / $1 | 2,766 / 2,766 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$281,000Median DOM:80New:4Total:56
Jan 2026
Median Price:$275,000Median DOM:70New:15Total:56
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:$299,999Median DOM:54New:8Total:64
6-Month Rental Trend
Dec 2025
Median Rent:$1,899Median DOM:56New:5Total:27
Jan 2026
Median Rent:$1,800Median DOM:27New:10Total:33
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:$1,875Median DOM:15New:4Total:33
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, while total rental inventory tightened.
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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