Illustration by Jessica Turner.
IF YOU BOUGHT A HOME IN 2021, you likely dropped some serious cash. Conversely, if you sold your home, you likely made some serious cash. In January 2019, the median home sale price in Dallas was $328,827. As of May 2021, it’s $388,209. But sales appear to be slowing — there are only so many houses to sell. Here’s a snapshot of residential real estate in our neighborhood.
Supply & Demand
Home prices surged in 2020 with the limited inventory. After a flurry of home sales, the housing market has slowed down.
Active Listings: Percent Change (May 2021 versus May 2020)
- 75206: -47.1%
- 75214: -53.4%
- 75223: 30.3%
- 75204: 50.7%
- 75218: 39.4%
New Listings: As of June 30, 2021
- 75206: 322
- 75214: 250
- 75223: 47
- 75204: 214
- 75218: 172
Most Expensive Homes
The five most expensive homes in Lakewood/East Dallas as of Aug. 18.
- $6.5 million (6835 Westlake Ave., Lakewood, 75214)
- $1.5 million (2515 Madera St., M Streets, 75206)
- $1.9 million (8239 Santa Clara Drive, Forest Hills, 75218)
- $1.2 million (4519 Belmont Ave., Belmont Park, 75204)
- $825K (1000 Cameron Ave., Santa Fe, 75223)
Quick Facts
The median home price for ZIP code 75218 has increased to $499,000 from $399,000 since 2016, an increase of about 25%.
The median home price in 75214 jumped from $562,000 July 31, 2020, to $655,000 July 30, 2021.
Five years ago, the median home price in 75214 was $485,550.
The median home sale price in Old East Dallas (75246) was $624,900 on July 31. The percent change in May 2020 to May 2021 was almost 50%.
Five years ago, the median home price in 75204 was $350,000. As of June 2021, it’s $433,888.
In 75223, median home prices jumped from $443,000 to $495,000 in six months.
SOURCE: Data was collected from Redfin and Zillow. Powered by HiGeorge.
