76023 Home Values

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.