75701 Home Values

The pace at which homes reached the closing table in 75701 quickened this quarter — median days on market dropped to 44 from the 51-day annual baseline, a directional shift worth noting even with roughly 20 closings in the sample. Based on MLS data for 2026-06 closings in 75701, price per square foot settled near $153, with a median sale price around $235,000. The annual pricing retreat — values off roughly 15 percent year-over-year — remained the backdrop, though sellers gave back less than two cents on the dollar at closing. Four in ten transactions included a concession averaging just over $5,400, and about a third of homes closed below asking; none cleared above list.

Despite the shorter time-to-close on completed sales, the contract pipeline in 75701 tells a different story. Pending transactions in the latest three-month window thinned to single digits against a standing inventory of roughly 56 active homes — a pending-to-active ratio that signals demand has not kept pace with supply. New listing activity ran at about 13 homes per month over the period, continuing to widen the gap between available supply and committed buyers. With months of supply holding above eight, the limited sample directionally suggests absorption pressure will weigh on contract velocity heading into the second half of the year.

Price per square foot in 75701 settled near $150 in the most recent quarter, edging down from the annual figure and reflecting a market where values have retreated meaningfully over the past year. Based on MLS data for 2026-05 closings in 75701, roughly four in ten sellers granted concessions at closing, averaging just over $5,000 — a modest uptick from the annual pace. Homes that did close took about 46 days to reach the table. No properties sold above list, and directionally the data suggests sellers are absorbing the pricing correction without dramatic capitulation on contract terms.

The pipeline picture in 75701 shows a sharp deceleration in contract activity — pending transactions dropped to a fraction of the annual run rate, even as active inventory held steady near 53 homes. With roughly 35 new listings entering the market over the latest three-month window and months of supply running above eight, the directional signal is that demand has pulled back more sharply than supply. The limited sample suggests these conditions could persist into summer, though the thin contract queue warrants caution in reading short-term velocity.