Far North Dallas Neighborhood – Prestonwood

The Prestonwood neighborhood real estate market in August 2025 demonstrates a definitive shift from the frenetic seller’s conditions of previous years, aligning with broader Dallas-Fort Worth metropolitan trends. The market is now characterized by increased inventory, moderating prices, and a return to a more balanced dynamic.

Key market indicators reflect this recalibration. The median listing home price in Prestonwood is trending downward year-over-year, with some sources reporting a significant decline. While home values have softened, the median sales price is showing variance across different reports, suggesting a segmented market. Days on market have extended, indicating that properties are no longer selling as rapidly as they did during the peak of the pandemic-era boom.

This shift is largely attributable to sustained higher interest rates, which have tempered buyer demand and contributed to an increase in housing inventory. Sellers are now competing for a more cautious buyer pool. As such, strategic pricing, professional staging, and marketing are paramount to achieving a successful transaction. The current environment presents a window of opportunity for buyers to secure a property with less competition and more leverage for concessions. For sellers, a realistic and data-driven pricing strategy is essential to avoid expired listings and capitalize on the remaining buyer demand.