Listing Update for 5801 Orchid Lane in Dallas
As of 8/25/2025
Hi Al & Edith, I am continuing my efforts towards marketing your listing & doing my best to find a buyer.
Below is a recap of the marketing I've done so far, the results we've gotten, current market conditions & my recommendation going forward.
Marketing I've done so far:
- Syndication to all the major home search website (Zillow, Trulia, Redfin, etc)
- Dedicated property website: http://www.5801orchid.com/
- $1,379.59 in marketing costs
- 36,647 Impressions with 229 clicks (Last 30 days)
- 1,900 views (Last 30 days) on Zillow with 45 saves (Last 30 days): https://www.zillow.com/homedetails/5801-Orchid-Ln-Dallas-TX-75230/26757574_zpid/
- 87 reverse prospecting & marketing to other Realtors
Results as of 8/11/2025
- 6 phone calls
- 8 private showing requests
- 6 Open house with 26 visitor
- Your home has been listed for 47 days
Current market conditions of similar homes:
Criteria used: Attached or 1/2 Duplex, active, pending, expired, cancelled & sold within the last 180 days, within the 75230 zip code, between 2,700 - 3,300 square feet
Active (available for sale):
- 0 comparable active listings (your competition)
Pending (under contract, not yet closed):
- 1 comparable pending listings (what buyers are paying)
- $705,000 average pending price (may be higher or lower after closing)
- 1 comparable pending listings (what buyers are paying)
- $705,000 average pending price (may be higher or lower after closing)
- 8 average days on market
- Click to see PDF report
- Click to see PDF report
Sold Listings (closed):
- 0 comparable homes sold in last 120 days (what buyers have paid)
75230 Market Stats for July (for all type of homes):
- Active number of listings: 321 (highest amount in past 5 years)
- Cumulative Days on Market: 57 (average)
- Average close price: $1,039,013 (slightly down from last year)
- Number of sales: 64 (average)
- Average closed $ per Sq Ft: $232 (your listing is at $272.70)
- Active number of listings: 321 (highest amount in past 5 years)
- Cumulative Days on Market: 57 (average)
- Average close price: $1,039,013 (slightly down from last year)
- Number of sales: 64 (average)
- Average closed $ per Sq Ft: $232 (your listing is at $272.70)
Professional Opinion & Recommendation:
I did something different with my analysis in the link above.
You'll find that I only included the property sub Type of an attached or 1/2 duplex style home in the 75230 zip code.
There is only 1 pending home @ 10510 Berry Knoll at $705,000. This home has a small back yard, is fully updated but slightly smaller in square footage.
There are also 3 other homes that were available for sale when Orchid was listed but have now either expired or cancelled.
12608 Breckenridge was listed at $750,000 for 22 days then canceled on 7/12/2025. It's now available for lease at $4,500.
We've only had 1 private showing since my last update & the feedback was the same as before. Great location but the layout & features of the home doesn;t make sense at the current price.
We're working towards an $825,000 price with the planned reductions.
I have an open house planned for this Saturday 8/30 from 1-3.
As an additional point of consideration, the average 30 year fixed conventional mortgage rate is 6.54%. You can see more details here: Average Mortgage Rates.
Let me know your thoughts & feedback.