REAL ESTATE

There were fewer home sales in 2022 than in 2021 across the ZIP codes in our coverage area: 75206, 75214, 75218, 75223 and 75228. In 75223, only 14 fewer homes were sold in 2022, but in 75206, 228 fewer homes were sold.

Consider a longer time span: In 75206, 75214 and 75218, the number of homes sold decreased from 2013 compared with 2022. But in 75223 and 75228, the number of homes sold in 2022 was slightly higher than the number of homes sold in 2013.

With the exception of 75223, homes in our neighborhood sold faster on average in 2022, compared to the previous year. But when 2022 data is compared to 2013 data, the numbers are much more stark. The amount of time it took for homes in East Dallas to sell was about half as many days last year compared to 2013.

Homes in our neighborhood are becoming more expensive, too. That’s particularly true in 75228, which includes Casa View. In that area, the price per square foot of homes was nearly 50% higher in 2022 than in 2018. Even in the ZIP code that includes Hollywood/Santa Monica and Mount Auburn, which saw the area’s smallest increase in price per square foot, the value has increased $49 per square foot, or about 22%, since 2018.