76028 Home Values

Price per square foot in 76028 held essentially flat at roughly $178, based on MLS data for 2026-07 closings in 76028, keeping the zip's valuation trend steady after several months of gradual softening in the broader trailing-12-month figure. What shifted was pace: homes that closed this quarter did so in about 32 days, continuing a run of quicker turnarounds and marking the fastest close-to-contract window in recent months. Sellers still gave ground at the table — more than half of transactions included concessions averaging nearly $9,900, and roughly four in ten closed under list — but list-to-sale ratios held near 97 cents on the dollar. With 341 closings in the trailing quarter, the sample comfortably supports the reading.

Pending contracts in 76028 fell by more than half from the prior month, dropping to roughly 95 even as active inventory held essentially steady near 530 homes. New listing activity also eased, pulling back to the high 400s after several months of stronger flow. Months of supply ticked up slightly to just under five, a modest loosening rather than a sharp one. Set against homes closing in roughly a month at the sale stage, the gap between how fast deals finish and how few are entering contract suggests the recent quickness may not carry into late summer.

Concession activity widened in 76028 heading into summer, with more than half of sellers contributing toward buyer costs at closing — a share that has grown compared to earlier in the year. Based on MLS data for 2026-06 closings in 76028, sellers across the zip received roughly 97 cents on the dollar against list, while the median closed at approximately $178 per square foot. Around four in ten transactions closed below asking, and homes that did move reached contract in about 37 days. The year-over-year price trend remains modestly negative, and with roughly 345 closings in the trailing quarter, the data carries enough volume to reflect structural conditions rather than noise.

Active listing inventory in 76028 has climbed to roughly 525 homes, and new listing volume over the past three months reached nearly 475 — both meaningfully higher than recent quarters. That expanding supply has not yet loosened absorption: about 200 contracts were pending at last count, and months of supply held near four and a half. The ratio of pending to active listings suggests demand is keeping pace with the new inventory entering the market, leaving buyers with more options heading into the second half of the year without a decisive shift in negotiating conditions.

Sellers in 76028 outperformed their Johnson County counterparts by a notable margin in May 2026 closings. Based on MLS data for 2026-05 closings in 76028, the zip logged a median of roughly $177 per square foot — about four percent above the county benchmark — while homes closed at nearly 97 cents on the dollar against list, compared to around 95 cents countywide. Concession activity remained elevated, with more than half of sellers contributing toward buyer costs at an average of roughly $9,000 per transaction. Homes moved to close in about 39 days on average, less than 60 percent of the county's median time to close.

The supply picture in 76028 diverges sharply from the broader Johnson County market. With roughly 4.6 months of supply, the zip sits well below the county's approximately 10 months — a gap that signals meaningfully tighter near-term conditions in 76028 relative to its surroundings. About 190 contracts were pending at last count against 460 active listings, a pending-to-active ratio that outpaces the county's comparable figure. New listing volume of roughly 412 over the trailing quarter has not yet loosened that relative tightness.