Listing Update for 5801 Orchid Lane in Dallas
As of 8/11/2025
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
- 24,823 Impressions with 301 clicks (30 days)
- 1,950 views (30 days) on Zillow with 53 saves (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
- 7 private showing requests
- 5 Open house with 26 visitor
- Your home has been listed for 32 days
Current market conditions of similar homes:
Criteria used: Single family homes, active, pending & sold within the last 180 days, within the 78621 zip code, built after 1998, between 2,100 - 2,500 square feet
Active (available for sale):
- 3 comparable active listings (your competition)
- $906,300 average list price, Adjusted: $814,633
- Active price range: $750,000 - $999,900, Adjusted: $765,000 - $894,900
- 31 average days on market
Pending (under contract, not yet closed):
- 1 comparable pending listings (what buyers are paying)
- $695,000 average pending price (may be higher or lower after closing), Adjusted: $635,000
- 1 comparable pending listings (what buyers are paying)
- $695,000 average pending price (may be higher or lower after closing), Adjusted: $635,000
- Pending price range: $695,000
- 7 average days on market
- Click to see PDF report
- 7 average days on market
- Click to see PDF report
Sold Listings (closed):
- 0 comparable homes sold in last 120 days (what buyers have paid)
- $0 average closed price of
- Sold price range: $0 - $0
- 0 average days on market
- Sold on average 0% of original list price
75230 Market Stats (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 agree that the style of the home will only be ideal for a certain type of buyer.
The recurring feedback I've gotten is that the home is in a grate location but, the features & layout of the home is not agreeable to qualified buyers that have seen the home. It would cost them too much or too big of a project to take on.
The good news is that there has been interest in the home at the current price & I do believe that we are in the range of where we need to be.
Because of that, I recommend that we start on a weekly $5,000 reduction strategy that is designed to stimulate the search websites to put your home in front of qualified buyers.
My initial recommended list price range was $775,000 - $825,000, which means it will take a couple of months of my above recommendation to reach this price range.
I believe that your home would sell within that range & within that price range, I estimate that you would net between $315,610 - $362,346.
As an additional point of consideration, the average 30 year fixed conventional mortgage rate is 6.58%. You can see more details here: Average Mortgage Rates.
Let me know your thoughts & feedback.