76031 Home Values

For a fourth straight month, sellers in 76031 granted concessions more often, with roughly two-thirds of closings now including a give-back — up from around six in ten this past spring, based on MLS data for 2026-08 closings in 76031. The average concession itself held near $8,100, suggesting sellers are conceding more often but not more deeply. Fewer than one in twenty-five homes closed above list, while better than three in five closed under it, and sellers still received just under 95 cents on the dollar. Per-square-foot values ticked up to roughly $165, with the median sale price near $277,000, as days on market shortened slightly to roughly 89 and year-over-year pricing held about three percent lower.

The pipeline offers little support for firmer seller positioning. Months of supply crept higher to roughly ten, keeping 76031 well above Johnson County's tighter near-eight-month pace. Pending contracts thinned further against active inventory — near one in eighteen, compared with roughly one in eleven a month earlier — while new listings continued arriving at a pace that outstrips absorption. That combination suggests the concession trend building in closed sales has room to continue rather than reverse in the near term.

While Johnson County's median sale price held near $337,000 this quarter, 76031 diverged again, landing closer to $274,000 — a gap of nearly a fifth that has persisted for most of this year, based on MLS data for 2026-07 closings in 76031. Per-square-foot values told a similar story: roughly $166 here against $174 countywide. Homes in 76031 also lingered on market far longer than the county norm, near 90 days against roughly 51. Sellers received just over 95 cents on the dollar, a touch below the county's better-than-96-cent showing, and concessions still touched close to two-thirds of closings — a wider share than Johnson County overall. Year-over-year prices eased roughly three percent.

On the pipeline side, 76031's months-of-supply reading of roughly nine and a half continues to run well above Johnson County's near-seven-month pace, underscoring that the imbalance flagged in closed-sale data extends into current listings. Pending contracts remain a comparatively thin slice of active inventory here — near one in eleven — while new listings continue arriving at a pace that keeps replacement supply ahead of absorption. Countywide, the same pipeline metrics point to a tighter, faster-clearing market, reinforcing 76031's position as a slower corner of the broader Johnson County landscape heading into late summer.

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.