Dallas Area Residential Sales Report – North Dallas Neighborhood – Melshire Park

The single-family real estate market in the Melshire Park Addition of Dallas, TX, during June 2025 displayed some notable trends. Data indicates that the market remains highly exclusive and competitive, with a very limited number of transactions.

Key Market Highlights:

Median Sale Price: The median sale price for a home in Melshire Estates was approximately $1.76 million in June 2025. This represents a substantial increase of 33.3% compared to the same period in the previous year, highlighting significant appreciation in property values within this luxury neighborhood. The median listing price was even higher, at $2.8 million.
Sales Volume: The number of homes sold was very low, with only 2 homes closing in June 2025. This is a significant decrease of 66.7% from the 6 homes sold in June 2024, suggesting a strong reduction in sales activity. This is likely a result of the high price point and limited inventory typical of a luxury market.
Days on Market (DOM): The median days on the market increased to 54 days in June 2025, up from 39 days a year earlier. This suggests a slightly slower pace of sales than in the past, even with the continued price appreciation. Homes are taking longer to find a buyer, but they are still selling for a premium.
Sale-to-List Price Ratio: The sale-to-list price ratio was 96.8% in June 2025, a slight decrease of 1.3 percentage points year-over-year. This indicates that while homes are selling close to their asking price, buyers are successfully negotiating a small discount, and fewer homes are selling for over the list price.

In summary: The single-family market in the Melshire Park Addition remains a high-value, exclusive market with significant price appreciation. However, the market is also showing signs of a slowdown in activity, with fewer homes being sold and properties staying on the market for a longer duration. Despite these changes, the area maintains its status as a highly sought-after and expensive neighborhood in Dallas.