76009 Home Values

A wave of closings — 106 completed sales, among the strongest quarters this year — puts 76009's price signals on firmer footing, based on MLS data for 2026-07 closings in 76009. Per-square-foot values held essentially flat near $163, a shade below the trailing-year average of $171, while the median sale price ticked up to roughly $311,000. Days on market inched up to 47, little changed from a month earlier. Concessions stayed common — better than six in ten closings included seller-paid credits, though the average payout eased — and buyers closed at just under 96 cents on the dollar. The year-over-year price decline widened to nearly eight and a half percent, extending recent softening.

Pending contracts in 76009 fell by roughly half in the latest quarter, dropping from about five dozen a month ago to just 29, even as new listings kept arriving at a slightly faster clip. That combination pushed months of supply to roughly eight — above Johnson County's near-seven-month reading — widening the gap between homes coming to market and those moving toward contract. Active inventory held near 283 homes, suggesting the slowdown in pending activity reflects softer buyer follow-through rather than a shrinking supply of listings.

While Johnson County homes took nearly two months to reach closing in the latest quarter, properties in 76009 moved to the closing table in roughly half that time — about 45 days — a pace that stands out given the zip code's softer pricing relative to county peers. Per-square-foot values settled near $165, running about four percent below the county median, and the year-over-year price decline of roughly seven and a half percent outpaces broader Johnson County softening, based on MLS data for 2026-06 closings in 76009. Sellers here are conceding more at the table: nearly two-thirds of transactions included seller-paid concessions, yet buyers still closed at just over 96 cents on the dollar.

The pipeline in 76009 shows supply widening against demand: new listings entering the market outnumber pending contracts by nearly three to one, with roughly 167 new listings arriving against just 60 pending agreements in the latest quarter. Active inventory has climbed to around 260 homes, pushing months of supply to approximately 7.4 — above the Johnson County level of roughly 6.7 months. The divergence suggests that despite faster close times in recent completed transactions, the forward conditions in 76009 remain tilted toward buyers.

Concession activity in 76009 climbed sharply in the most recent quarter, with nearly two-thirds of closed sales including seller-paid concessions — up from just over half over the prior year, based on MLS data for 2026-05 closings in 76009. Per-square-foot values dipped to roughly $168, pulling back from the trailing-year average of $174, while the year-over-year price decline of more than seven percent signals meaningful downward repricing. Sellers are absorbing most of that pressure at the table: buyers closed at about 97 cents on the dollar, and fewer than three in ten sales closed above list.

The active listing count in 76009 holds steady at roughly 236 homes while pending contracts have compressed to just 56 — a ratio that leaves supply well above absorbed demand heading into summer. At roughly 8 months of supply, the pipeline favors buyers, though 76009's supply cushion remains narrower than the Johnson County average of more than 10 months. New listing activity continues to pace well ahead of pending absorption, suggesting the concession environment visible in recent closings is unlikely to ease in the near term.