76031 Home Values

The negotiation gap between list and sale prices in 76031 widened further this quarter, with sellers receiving just under 94 cents on the dollar at closing — based on MLS data for 2026-06 closings in 76031. Six in ten transactions closed below list, while fewer than four in one hundred closed above it — a meaningful retreat from the competitive bidding activity recorded a year ago. At roughly $159 per square foot, valuation held steady month-over-month, though year-over-year prices have pulled back by about four percent. Concessions remained common, with roughly six in ten sellers granting them, averaging just over $8,000 — consistent with an environment where buyers have held meaningful pricing leverage for several consecutive quarters.

Pending contracts in 76031 represent a thin slice of the active supply on the market — roughly one pending transaction for every five active listings, a ratio that points toward continued slack in near-term absorption. With months of supply still near eight, the pipeline confirms that buyer leverage documented in closed sales is not a temporary condition. New listing activity in 76031 continued at a pace that outstrips pending demand, suggesting the supply imbalance will persist heading into the third quarter.

Price per square foot in 76031 landed at roughly $158 in the most recent quarter — about eight percent below the Johnson County median of $171, based on MLS data for trailing-3mo closings in 76031. Sellers here received closer to 94 cents on the dollar at the table, while the county benchmark sat nearer 95.5 cents. Nearly six in ten sellers granted concessions, averaging just under $8,000 — a wider concession footprint than the county rate. With homes taking roughly 100 days to close compared to 68 days countywide, the gap between 76031 and its broader market context is one of the clearest signals in the current data. Year-over-year, prices have pulled back by about four and a half percent.

The pipeline in 76031 underscores the divergence from the county trend. With only 49 pending contracts against 271 active listings, the absorption rate runs at roughly half the Johnson County pace — where pending contracts represent a meaningfully larger share of active supply. Months of supply in 76031 sits above nine, a figure that already exceeded the county's elevated 10-month reading by a narrow margin. New listing activity at 141 units over the quarter continues to outpace pending demand, sustaining a supply imbalance that shows little sign of tightening in the near term.