North Dallas Neighborhood – Preston Hollow

The real estate market in Preston Hollow, North Dallas, in August 2025 is a fascinating mix of high-end demand and a slight shift in market dynamics. Think of it as a luxury car market: the prices are still very high, but the sales pace has eased up a bit.

First off, homes here are still incredibly valuable. The median sale price is hovering around $1.9 million, but that’s a bit of a mixed bag. On one hand, some data shows prices are up, but others indicate a dip compared to last year. This is likely due to the extreme price points—one huge sale can swing the numbers. The key takeaway is that this is still very much a luxury market with big price tags.

Now, for the buyers, things are a little less frantic than they were. Homes are spending a little more time on the market—around 38 days on average. That’s the same as last year, but it’s a big shift from the days when everything sold in a week. It gives you more breathing room to look, do your due diligence, and think about your offer without feeling like you’re in a mad dash.

Interestingly, more homes are being sold this year compared to last year, which is a good sign for the market’s health. But here’s the most important part for both buyers and sellers: homes are selling for about 3-4% below the list price on average, and fewer homes are going for over the asking price. This means sellers have to be more realistic with their pricing, and buyers have more power to negotiate.

So, to sum it up, Preston Hollow is still a very strong and exclusive market. It’s not the breakneck pace we saw in the past, but the demand for these beautiful homes is still very high. It’s a more balanced and strategic market now, which is a good thing for everyone involved.