Dallas 75217 sold $20k under list — 3-bed, 44 days on market
3-bed, 2-bath in Dallas 75217 (southeast Dallas). Listed at $299k, sold for $279k. 44 days on market. Seller paid $5k in closing costs.
Comparables: Similar homes in the area are averaging 38-50 days on market, down from 25-30 days last year. Inventory is up 40% year over year. New construction in nearby 75116 is competing on price.
The deal: The buyer got a 5.5% effective rate through a rate buydown—seller contributed 1.5 points. Monthly payment on $279k at 5.5% is ~$1,584 including taxes. That's $200/month less than last year's rates.
What this means: Southeast Dallas is becoming a buyer's market. Sellers are increasingly offering concessions. If you're looking in 75217, offer 5-8% under list and ask for closing cost assistance.