75440 Home Values
75440 Market Snapshot
| Active 200 listings | New 28 30 days | Closed 11 30 days | Pending 3 30 days | Supply 18.7 months | Absorption 3.5% monthly | Over List 1.6% sold above | Under List 45.9% sold below | Concessions 27.9% % of solds | Avg Concession $8,154 seller paid |
Source: NTREIS MLS • Excludes leases • Aug 2026
75440 Market Trends
Lake Fork Country Where Buyers Hold the Cards
Emory and Point anchor Rains County around Lake Fork, one of the top bass fisheries in the country, and that lake defines the housing stock. Waterfront properties range from vintage 80s lake cabins to custom-built retreats with boathouses and saltwater pools. Off the water, you will find newer construction on multi-acre tracts mixed with raw land listings.
Closings in 75440 eased to 32 this quarter, down from 35 in August, while the typical deal took roughly 100 days to close — longer than earlier in the year. Based on MLS data for 2026-09 closings in 75440, that slower cadence came alongside a firmer median sale price near $323,000, up from last month's roughly $295,000 mark and still up nearly 10% year over year, even as price per square foot eased to around $189. Concessions grew less common, appearing in nearly four in ten sales versus closer to half in August, with sellers still collecting roughly 95 cents on the dollar. Half of homes closed below the original asking price.
The pipeline data reinforces the slower pace seen in recent closings: pending contracts inched up to just seven, still a thin fraction of the 200 active listings on the market. New listings continued arriving at a similar clip, near 86, keeping fresh supply well ahead of contracts being written. Months of supply held near a year and a half, essentially unchanged from last month, leaving the broader inventory imbalance in 75440 largely intact heading into fall.
Market Updates
Closings in 75440 eased to 32 this quarter, down from 35 in August, while the typical deal took roughly 100 days to close — longer than earlier in the year. Based on MLS data for 2026-09 closings in 75440, that slower cadence came alongside a firmer median sale price near $323,000, up from last month's roughly $295,000 mark and still up nearly 10% year over year, even as price per square foot eased to around $189. Concessions grew less common, appearing in nearly four in ten sales versus closer to half in August, with sellers still collecting roughly 95 cents on the dollar. Half of homes closed below the original asking price.
The pipeline data reinforces the slower pace seen in recent closings: pending contracts inched up to just seven, still a thin fraction of the 200 active listings on the market. New listings continued arriving at a similar clip, near 86, keeping fresh supply well ahead of contracts being written. Months of supply held near a year and a half, essentially unchanged from last month, leaving the broader inventory imbalance in 75440 largely intact heading into fall.
Seller leverage in 75440 eroded further this quarter, with concessions appearing in nearly half of all closings, up from roughly four in ten a month earlier, based on MLS data for 2026-08 closings in 75440. The average concession climbed to about $9,000, and sellers collected roughly 95 cents on every dollar asked, extending a slide from the 96-cent mark logged over the trailing year. Price per square foot eased further to around $195, continuing a pullback from the mid-$200s reached earlier this summer, even as the median sale price held near $295,000, still up more than 10% year over year. With 35 closings in the sample, the softening in list-to-sale performance is directional but has now persisted for several months.
The pipeline reinforces that shift: pending contracts fell to just six against an active base of 194 listings, deepening a contraction that began last month. New listings picked up to 83, widening the gap between fresh supply and contracts being written. Months of supply remains elevated at roughly a year and a half, leaving little urgency at the negotiating table. With so few contracts moving relative to both active inventory and incoming listings, the conditions behind this quarter's softer terms appear likely to persist into early fall rather than resolve quickly.
A surge in closings — 43 over the most recent quarter, up from roughly 32 the prior period — gives 75440's market signals more statistical footing heading into summer. Based on MLS data for 2026-06 closings in 75440, price per square foot settled near $214, a modest gain from the prior reading, while the median sale price came in just above $287,000. Sellers conceded about a cent more on the dollar compared to the trailing year, with nearly one in three deals including a seller concession averaging around $8,400. More than four in ten homes still closed below the original ask, but the pace of transactions accelerating suggests the market is absorbing inventory more actively than it was in early 2026.
Supply compression is the headline in 75440's pipeline: months of supply dropped to roughly 11 and a half from the prior reading near 16, a meaningful shift in market structure even as 165 active listings remain on the market. With only 24 pending contracts against that active base, absorption is still deliberate — but the directional move in supply is the sharpest signal in the current data. Sixty-eight new listings entered the market during the period, a pace that, if sustained, would keep supply elevated; the balance between that inflow and the rising close rate will shape conditions through mid-year.
Pricing in 75440 landed at roughly $212 per square foot over the most recent quarter, with 32 closings taking just over three months on average to move from list to settlement. Sellers gave back about three cents on the dollar on those transactions, and more than four in ten homes closed below the original asking price. Roughly one in five deals included a seller concession averaging around $7,200. Based on MLS data for 75440 closings, the trailing year shows price per square foot up nearly 20% compared to the prior period, a gain that appears to be holding in recent data.
The pipeline picture for 75440 points to sustained buyer advantage in the near term. With roughly 16 months of supply on hand and only 30 pending contracts against 170 active listings, absorption is moving slowly. The 105-day average time to contract closure directionally suggests the local market has not yet found the velocity needed to work down elevated inventory. Seventy new listings entered during the period, adding further to supply without a commensurate pickup in pending activity.
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Market data last updated Sep 1, 2026, 6:00 AM CDT · Editorial updated Sep 11, 2026, 11:31 AM CDT
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