76016 Home Values

Transaction velocity in 76016 quickened for a third straight month: homes closed in a median of 13 days, down from 19 in June and 20 in May, now less than half Tarrant County's 26-day pace, based on MLS data for 2026-07 closings in 76016. The speed hasn't cost sellers ground — list-to-sale ratios climbed to nearly 99 cents on the dollar, above both the ZIP's trailing-year mark and the county norm. Price per square foot held flat near $177, still trailing the county's $186 benchmark, while the median sale price near $374,000 ticked higher. Concessions eased, with roughly six in ten sellers giving ground versus nearly seven in ten a month earlier, and the average returned narrowing to about $7,000.

Even as closed-sale velocity picked up, the forward pipeline tells a more cautious story. Pending contracts in 76016 fell to just 20 — down sharply from roughly 45 a month prior — while new listings held near 165 and active inventory climbed to 181, widening the gap between supply entering the market and contracts forming. At nearly six months of supply, the ZIP still carries meaningfully more standing inventory than Tarrant County's roughly five-month baseline, suggesting the recent burst of quick closings may not be easily sustained.

While Tarrant County homes averaged nearly a month on market in the latest quarter, closings in 76016 completed in about 19 days — roughly a third faster, based on MLS data for 2026-06 closings in 76016. That speed advantage coexists with a more concession-heavy environment: nearly seven in ten sellers gave something back at the table, compared to fewer than six in ten countywide, with the average amount returned near $7,700. At roughly $176 per square foot, 76016 trades at a modest discount to Tarrant County's $186 benchmark, even as the median sale just above $365,000 sits slightly ahead of the county's $351,000 — a gap explained by larger average transaction sizes rather than a per-square-foot premium.

Active listings in 76016 climbed to 161 homes this period — up roughly a quarter from the prior month — while new listings entering the market matched that count almost exactly, pointing to a steady-state replenishment cycle rather than a drawdown. Pending contracts totaled just 45, meaning new supply is flowing in at more than three times the rate of contract formation. At nearly six months of supply, 76016 carries meaningfully more standing inventory than Tarrant County's roughly five-month baseline, a gap that is widening as absorption lags the listing pace.

Price per sqft in 76016 held near $175 in the most recent quarter — slightly below the trailing-year average — while the median sale price edged toward $370,000, based on MLS data for 2026-05 closings in 76016. The more striking signal is how quickly homes moved to contract: median days on market compressed to roughly 20 days, well below the 32-day annual average, suggesting the pace of deal-making accelerated even as supply held elevated. About two-thirds of sellers made concessions — directionally higher than the full-year rate — though the average amount given back at closing dipped modestly. With 69 closings in the quarter, the data is directional rather than definitive.

Active listings in 76016 held steady at roughly 130 homes, but pending contracts tell a different story: the pipeline contracted to about 42 pending deals against 132 new listings entering the market over the same period, producing a supply ratio near 5.7 months. That gap between new supply entering and contracts forming suggests absorption has not kept pace with listing activity. Tarrant County's broader pipeline shows a similar dynamic, with new listings outrunning pending volume countywide — context that gives the 76016 signals added weight despite the moderate transaction sample.