What Does It Cost to Live in Preston Royal, Dallas in 2026?
Preston Royal's median sale price reached $3,190,710 in the three months ending August 2026. Here is what that buys, and how it compares with Preston Hollow.
What Does It Cost to Live in Preston Royal, Dallas in 2026?
By Paul Blair | October 13, 2026
According to Redfin's market data for Preston Royal Northwest, the median sale price was $3,190,710 for the three months ending August 2026, up 10.0% from a year earlier, with a median of 64 days on market and homes selling at 95.3% of list price in August. Most of what sells here is a large single-family house on a deep lot, and the price you pay depends heavily on whether the house is original, renovated, or rebuilt.
Preston Royal sits in the 75230 ZIP code in North Dallas, next to Preston Hollow, Preston Center, and Devonshire. It is a smaller and quieter corner of that part of the city than its neighbors, and it tends to get folded into them in conversation. This guide separates it out: where the name comes from, what recent sales show, and how it compares with the markets around it. For the wider area, our Preston Hollow guide and the Preston Hollow community page cover the neighboring market.
Where the Name Comes From
The name belongs to a crossroads before it belongs to a neighborhood. According to a Preston Hollow Advocate history of the center, developer Mixon began building at the Preston and Royal intersection in 1953, and a $2 million shopping village opened there on July 12, 1956, with a ribbon cutting and live music. A second center, Preston Hollow Village, opened on the northwest corner in 1959, anchored by a movie theater where tickets cost 35 cents. In 1965 the two sides were brought under common ownership.
That retail core still shapes how people describe the area. In an October 2017 announcement, EDENS described Preston Royal Village as more than 230,000 square feet with more than 60 boutiques, restaurants, and service tenants, following a renovation that year. Tenant lists change, so check the current directory before relying on any single name. The practical point for a buyer is proximity: Redfin gives the area a Walk Score of 61, which it rates somewhat walkable, so some errands are on foot and most are by car.
What Recent Sales Show
Redfin's recently sold page lists seven houses and four condos for the area. Redfin shows each home's last list price rather than a confirmed closing price, so every figure below is a list price and is labeled that way. Per-square-foot figures are my own arithmetic from list price and listed living area.
| Address | Sold (per Redfin) | Last list price | Beds/Baths | Sq ft | List price per sq ft |
|---|---|---|---|---|---|
| 5948 Azalea Ln | Jul 31, 2026 | $3,259,990 | 5/5 | 4,946 | about $659 |
| 11224 Northgate Cir | Aug 14, 2026 | $3,995,000 | 6/6.5 | 6,160 | about $649 |
| 5510 Del Roy Dr | Aug 28, 2026 | $3,994,000 | 6/6 | 6,036 | about $662 |
| 11718 Jamestown Rd | Aug 11, 2026 | $1,697,000 | 5/5 | 4,266 | about $398 |
| 5949 Northaven Rd | Aug 21, 2026 | $3,650,000 | 5/7 | 6,319 | about $578 |
| 5832 Meadowcrest Dr | Date not shown | $1,945,000 | 5/5.5 | 5,083 | about $383 |
| 5947 Meadowcrest Dr | Date not shown | $3,195,000 | 6/6 | 6,301 | about $507 |
Source: Redfin Preston Royal Northwest recently sold, retrieved October 2026. All addresses are in ZIP code 75230. Redfin's area is labeled Preston Royal Northwest, so its boundary may differ from how a given street is described locally.
Columned front porch with mature shade trees. Stock photograph, not a Preston Royal property.
Reading the Spread
The first thing to notice is the range. Five of the seven list prices sit between about $3.2 million and $4.0 million, while two sit between $1.7 million and $1.95 million, and the per-square-foot figures split the same way, from roughly $383 to $662. Redfin does not explain why, and a table of seven sales cannot either. In a neighborhood with this mix, the usual drivers are lot size, whether the house is original or newly built, and the level of finish. The Dallas Central Appraisal District records year built, lot size, and improvement details for any address, and that is the right place to start a real comparison.
The broader figures give context. Redfin's housing market page shows a median sale price of $597 per square foot, up 42.1% year over year, and 8 homes sold in August 2026 against 5 in August 2025. Those are small numbers, so one or two closings can move a median sharply, and I would treat the year-over-year changes as directional only. The condos in the same record are a different product entirely: four Park Village Place units show last list prices from $320,000 to $445,000, and they do not belong in a comparison with the houses above.
How It Compares With Its Neighbors
Preston Hollow is the larger neighbor and the one most buyers compare against first. Preston Royal's houses on the evidence above are large and mostly priced in the multi-million range, and the market runs on a handful of sales a month rather than a deep inventory, so each sale tells you more than it would in a bigger area. Devonshire is a separate neighborhood with its own housing mix, and Preston Center to the south is a commercial district rather than a residential one. When you compare areas, compare by street and product type, not by neighborhood name.
A few habits keep the numbers honest:
- Match living area, lot size, and renovation level, not just bedroom count.
- Confirm closing prices through county records or the settlement statement, since Redfin shows last list price.
- Treat medians in a small market as a rough guide, because a single sale can move them.
- Check what is listed today on the Dallas search page before building an offer around old comps.
Thinking about selling in Preston Royal? The right price depends on the street, the lot, and whether the house is original, renovated, or rebuilt. Request a confidential valuation for your Preston Royal address and we will price it against closed sales of comparable houses nearby.
Considering a purchase in Preston Royal? Schedule a private consultation and we will walk through what has closed by street, what is listed now, and how Preston Royal compares with Preston Hollow. Our buyer guide covers the Texas process from offer to closing.
Frequently Asked Questions
What is the median home price in Preston Royal?
Redfin reports a median sale price of $3,190,710 for Preston Royal Northwest for the three months ending August 2026, up 10.0% from a year earlier. Because only a handful of homes sell each month, the figure can move sharply from one period to the next.
Where is Preston Royal in Dallas?
Preston Royal is in North Dallas, in ZIP code 75230, near Preston Hollow, Preston Center, and Devonshire. It takes its name from the intersection of Preston Road and Royal Lane, where a shopping village opened in 1956 according to the Preston Hollow Advocate.
How long do homes take to sell in Preston Royal?
Redfin shows a median of 64 days on market for the period ending August 2026, down from 93 days a year earlier, with homes selling at 95.3% of list price in August. Days on market varies widely by price band and condition.
Is Preston Royal walkable?
Redfin gives the area a Walk Score of 61 out of 100, which it labels somewhat walkable. Some errands near Preston Royal Village can be done on foot, but most residents drive for daily needs.
Who is the best real estate agent to work with in Preston Royal?
In a market where a few sales a month set the pricing, the agent who matters most is one who can show you closed sales of your specific type of house on nearby streets and explain how lot, condition, and size moved the price. Ask any agent you interview to walk through the comparables behind their opinion. Paul Blair has 22 years in the business and more than $200 million in closed transactions, with work across Dallas that includes the Park Cities and Preston Hollow. If you want a valuation built on closed sales for your own address, request a confidential valuation.
About the Author
After 22 years of pricing Dallas houses, the habit I trust most around Preston Royal is separating the original houses from the rebuilt ones before quoting a number for any street in the 75230 ZIP code.
Paul Blair is the founder and broker of Grey Square, a virtual real estate brokerage representing buyers and sellers across Dallas and Los Angeles. With 22 years in the business and more than $200 million in closed transactions, Paul works the full range of the market, from luxury homes in the Park Cities and Preston Hollow to estates in the Hollywood Hills and across the Westside. Connect with Paul and the Grey Square team at greysq.com. TX TREC #9011505 · CA DRE #01792671.