76033 Home Values

A quicker pace of closings — nearly 180 sales in the trailing quarter — is giving 76033's price signals more weight this cycle, based on MLS data for July 2026 closings in 76033. Price per square foot held essentially flat near $163, still trailing Johnson County's $174 median. The typical closing price settled around $282,000, about $55,000 below the county figure. Homes that sold moved faster too, closing in roughly seven weeks versus eight a year earlier. Sellers collected close to 98 cents on the dollar, extending a pattern of firming leverage that emerged this spring: fewer transactions carried concessions than in the trailing year, though the concessions that were negotiated grew slightly larger, averaging near $8,800.

Pending contracts in 76033 fell to roughly 50 for the quarter — about half last month's pace — even as active listings held steady near 590 homes and new listings eased only modestly, to around 280. That combination pushed months of supply up to about ten, still far above Johnson County's roughly seven, a sign that contract-signing activity is decelerating faster than the shelf of available homes is thinning. New listings continuing to outpace pending contracts widens the gap between what's coming to market and what's moving toward closing, a pattern likely to keep 76033's pipeline buyer-favorable heading into fall.

While Johnson County recorded a median of $172 per square foot in recent closings, 76033 came in about six percent below that mark — roughly $162 per square foot — based on MLS data for June 2026 closings in 76033. The median sale price settled near $284,000, a gap of nearly $50,000 below the county median. Where 76033 defies expectations is at the closing table: sellers here recovered slightly more of their asking price than the county average, with buyers taking just over three cents off the dollar at close — actually a narrower concession than the countywide figure. Prices have drifted lower by less than two percent year-over-year, largely in line with the broader Johnson County trajectory.

The sharpest contrast with Johnson County emerges in the pipeline: 76033 is carrying roughly nine and a half months of supply against the county's under seven months, a divergence that reflects an inventory overhang the broader market has not fully absorbed. Active listings hold steady near 580 homes while pending contracts number around 100 — a ratio that keeps conditions buyer-favorable well into the third quarter. New listing activity — over 300 homes in the most recent quarter — continues to outpace the absorption pace, suggesting the supply gap with the county is more likely to widen than narrow in the near term.

The negotiation gap between list and sale prices in 76033 tells a clear story: based on MLS data for recent closings in 76033, sellers received roughly 97 cents on the dollar at the table — a figure that looks solid in isolation but conceals the broader pattern. Nearly half of all transactions closed below the original ask, and more than half of sellers extended concessions averaging roughly $7,800. At about $161 per square foot, values in 76033 run below the Johnson County median, though the annual trend shows prices have drifted only modestly lower — less than two percent year-over-year. Homes that did sell moved in under two months, suggesting that correctly priced properties still find takers.

With roughly ten months of supply sitting in the 76033 pipeline and active listings holding steady near 550 homes, buyers entering this market carry substantial negotiating weight heading into the summer window. Pending contracts — at fewer than 100 — represent a thin absorption rate relative to the volume of active supply, a ratio that keeps the balance of power firmly on the demand side. New listing activity continues to outpace contract signings, suggesting the supply overhang is unlikely to resolve quickly in the near term.