76016 Home Values

A quarter with just over 100 closings gives 76016 price signals a solid footing, based on MLS data for 2026-09 closings in 76016. Price per square foot firmed to roughly $179, a shade under Tarrant County's $184 mark, while the median sale price near $354,000 landed almost on top of the county's $352,000. Closings took longer to reach the table, a median of about 26 days versus roughly three weeks a month earlier, though still slightly quicker than the county's 28. Sellers gave back about two cents on the dollar, and concessions touched roughly 56 percent of deals, a bit below the county's near-60 percent rate.

Pending contracts in 76016 rebounded to about 20 from 15 a month earlier, the first uptick after two months of thinning, even as active listings sat near 172 and new listings ran around 160 over the quarter. Supply eased to roughly five months from nearly seven, bringing the ZIP in line with Tarrant County's five-month baseline and narrowing the gap that defined recent months. Absorption still trails the pace of new supply, but the local overhang appears to be shrinking rather than widening.

Homes in 76016 closed a median five percentage points below Tarrant County's per-square-foot benchmark this quarter, yet reached the closing table faster than the county overall — even after a reversal that ended three straight months of quickening, based on MLS data for 2026-08 closings in 76016. Median days on market climbed to three weeks, up from just under two the month prior, though still well ahead of the county's pace. Sellers held their ground at the negotiating table: list-to-sale ratios edged near 98 cents on the dollar, ahead of the county norm, even as roughly six in ten transactions still involved some concession, in line with the broader county rate.

The forward pipeline underscores the divergence: months of supply in 76016 pushed to roughly seven, about forty percent above Tarrant County's five-month baseline — a gap that widened as pending contracts thinned to just 15 while active listings and new listings both continued climbing. Countywide, supply and demand are comparatively more balanced, suggesting the overhang building in 76016 is a local rather than a metro-wide dynamic.

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.