76023 Home Values

Closings in 76023 moved measurably faster than the county pace this quarter: the median days on market fell to roughly six weeks, well under Wise County's roughly nine-week median, based on MLS data for 2026-07 closings in 76023. Fifty-six homes closed in the period, tracking a touch above the trailing annual pace. Price per square foot held near $172 — a modest step down from the trailing annual figure of $177, and below the county's $196 median. Directionally, sellers in 76023 still gave ground more often than their county counterparts, conceding on roughly six in ten sales versus fewer than half countywide, while recovering close to 97 cents on the dollar at closing.

Pending contracts in 76023 fell sharply against their trailing annual pace this quarter, even as active inventory held steady near 142 listings and new listings continued arriving at roughly the same clip as the trailing year. Months of supply eased to just under eight — below Wise County's broader trailing-quarter reading of about nine and a half — a tightening signal that sits at odds with the thin pending count. Directionally, if new listings keep outrunning contract activity at anywhere near the current rate, the recent gains in closing speed may prove difficult to sustain into fall.

While Wise County sellers concede at roughly half the rate seen elsewhere in the region, the picture in 76023 diverges sharply. Based on MLS data for 2026-06 closings in 76023, seven in ten transactions included a seller concession — a rate nearly 45% above the county average — and the median sale price settled near 95,000, about 2,000 below the county benchmark. Sellers in 76023 did recover slightly more of their asking prices than the county median, receiving close to 97.5 cents on the dollar, but that figure reflects buyers who negotiated downward on price rather than terms. With roughly 46 closings this quarter, directional comparisons carry moderate confidence, though the concession gap is too large to attribute to sample variance alone. Price per square foot held near 81, tracking the county at a modest discount.

The pipeline in 76023 tells a more nuanced story than the county average suggests. With roughly nine months of supply and only about 25 pending contracts against 140 active listings, absorption remains slow — but the pending-to-active ratio is modestly ahead of Wise County's pace, where a larger active base has produced proportionally fewer contracts. New listing volume stayed elevated relative to pending activity, keeping the supply overhang in place heading into the third quarter. If contract activity fails to accelerate, the conditions sustaining 76023's elevated concession rate are unlikely to ease in the near term.

Buyers in 76023 extracted meaningful concessions from sellers in the most recent quarter, based on MLS data for 2026-05 closings in 76023. Three in four closed transactions included a seller concession — a rate noticeably above the trailing annual average — with sellers giving back roughly $8,300 on average at closing. More than half of homes sold below their final asking price, and sellers received about 96.7 cents on the dollar overall. With a directional sample of roughly 40 closings this quarter, price signals carry some uncertainty, but the data points toward a market where buyer negotiating leverage is measurably present. Price per square foot held steady around $180, while the median sale price settled near $305,000.

The pipeline in 76023 reinforces the buyer-favorable conditions visible in closed data. With roughly nine and a half months of supply and active listings outpacing pending contracts by more than five to one, absorption has slowed meaningfully. New listing volume continued to outpace contract activity in the quarter, keeping the supply gap wide heading into summer. The limited pending count — about 25 contracts against 127 active listings — suggests near-term conditions are unlikely to tighten quickly.